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Stock impact report

Gulf Island Reports Third Quarter 2024 Results and Board Chair Transition

Gulf Island Fabrication, Inc. (GIFI) 
US:NASDAQ Investor Relations: ir.gulfisland.com
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced results for the third quarter 2024. THIRD QUARTER 2024 SUMMARY Consolidated revenue of $37.6 million; Adjusted consolidated revenue of $37.2 millionConsolidated net income of $2.3 million; Adjusted EBITDA of $2.9 millionServices division operating income of $1.4 million; EBITDA of $1.9 millionFabrication division operating income of $2.0 million; EBITDA of $2.7 millionCash and short-term investments balance of $66.8 million at September 30, 2024 Consolidated revenue for the third quarter 2024 was $37.6 million, compared to consolidated revenue of $5.0 million for the prior year period. Adjusted consolidated revenue for the third quarter 2024 was $37.2 million, compared to adjusted consolidated revenue of $37.7 million for the prior year per Show less Read more
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