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GULF ISLAND FABRICATION INC

CIK: 10316231 Annual ReportsLatest: 2025-05-02

10-K / May 2, 2025

Summary of Gulf Island Fabrication, Inc.

Company Overview:
Gulf Island Fabrication, Inc. is a leading provider of fabrication, construction, and repair services primarily for the energy, infrastructure, and marine industries. The company specializes in the manufacturing of complex metal structures and equipment used in offshore and onshore oil and gas operations, as well as other industrial applications.

Operations and Focus:

  • The company designs and fabricates custom steel and other metal components for various industrial sectors.
  • Its core activities include constructing offshore platforms, process modules, offshore and onshore facilities, and other large-scale structural components.
  • The company also provides maintenance, repair, and upgrade services for existing facilities.

Customer Base:

  • The primary clients include major oil and gas companies, energy producers, and industrial firms that operate offshore oil platforms and facilities.

Number of Employees and Financials:

  • The filing does not specify the exact number of employees.
  • As of April 30, 2025, the company has 16,223,560 shares of common stock outstanding.
  • The company's market capitalization (as of June 28, 2024) was approximately $67.7 million.

Financial Performance:

  • The filing does not provide detailed revenue or income figures.
  • It is an annual report for the fiscal year ended December 31, 2024, but specific financial results are not included in the provided text.

Corporate Structure:

  • The company’s subsidiaries include Gulf Island Works, L.L.C., Gulf Island, L.L.C., Gulf Island Shipyards, L.L.C. (trading as Gulf Island Marine Fabricators), Gulf Island Services, 21 L.L.C. (including Gulf Island Steel Sales, Dolphin Services, and Dolphin Steel Sales), and Gulf Marine Fabricators, L.P.
  • It has subsidiaries that may issue guaranteed debt securities, with guarantees provided by certain wholly-owned subsidiaries.

Additional Details:

  • The company is incorporated in Louisiana.
  • It is listed on NASDAQ under the ticker symbol GIFI.
  • The company’s principal offices are located in The Woodlands, Texas.

Note:
This summary is based solely on the information provided in the SEC filing excerpt and does not include additional financial data or operational details not disclosed.