Gulf Island Fabrication (GIFI) Posts Q3 GAAP Loss of $1.01/Share

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Go back to Gulf Island Fabrication (GIFI) Posts Q3 GAAP Loss of $1.01/Share

Gulf Island Fabrication, Inc. Declares Dividend on Common Stock

February 25, 2016 5:06 PM EST

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 February 25, 2016 and is payable March 24, 2016, to shareholders of record on March 10,... More

Gulf Island Fabrication, Inc. Reports Fourth Quarter Earnings

February 25, 2016 5:05 PM EST

HOUSTON--(BUSINESS WIRE)-- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today reported a net loss of $14.7 million ($(1.01) diluted loss per share) on revenue of $55.0 million for its fourth quarter ended December 31, 2015, compared to net loss of $(0.1) million ($(0.01) diluted loss per share) on revenue of $124.8 million for the fourth quarter ended December 31, 2014.

The company had a revenue backlog of $232.4 million and a labor backlog of approximately 1.9 million hours at December 31, 2015, including commitments received through February 19, 2016, compared to a revenue backlog of $135.1 million and a labor backlog of 1.3 million hours reported as of September 30, 2015. Our backlog at December 31, 2015... More