Gulf Island Fabrication (GIFI) Misses Q1 EPS by 698c

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Go back to Gulf Island Fabrication (GIFI) Misses Q1 EPS by 698c

Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

April 28, 2016 4:19 PM EDT

HOUSTON--(BUSINESS WIRE)-- Gulf Island Fabrication, Inc. (NASDAQ: GIFI), announced today that its board of directors declared a dividend of $0.01 per share on Gulf Island Fabrication, Inc.s approximately 14.6 million shares of common stock outstanding.

The dividend was declared during a regular meeting of the board held on April 28, 2016 and is payable May 26, 2016, to shareholders of record on May 12, 2016.... More

Gulf Island Fabrication, Inc. Reports First Quarter Earnings

April 28, 2016 4:19 PM EDT

HOUSTON--(BUSINESS WIRE)-- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today reported a net income of $1.0 million ($0.07 diluted earnings per share) on revenue of $84.0 million for its first quarter ended March 31, 2016, compared to net income of $83,000 ($0.00 diluted earnings per share) on revenue of $99.2 million for the first quarter ended March 31, 2015.

The company had a revenue backlog of $197.1 million and a labor backlog of approximately 1.7 million hours at March 31, 2016, including commitments received through April 22, 2016, compared to a revenue backlog of $232.4 million and a labor backlog of 1.9 million hours reported as of December 31, 2015. We... More