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home / news releases / GIFI - Gulf Island Fabrication: The Turnaround Continues

GIFI - Gulf Island Fabrication: The Turnaround Continues

Gulf Island Fabrication Inc.
  • Gulf Island Fabrication has sold the majority of its shipyard division.
  • The company is booking the transaction at a loss, but is getting rid of the unprofitable backlog.
  • Gulf Island will have about $60 million in cash after settling working capital requirements.
  • The remaining Fabrication division has higher margins and active bids for major project work.
  • Gulf Island still has problems to solve, but management is making the right moves and showing they are serious about turning the company around.

For further details see:

Gulf Island Fabrication: The Turnaround Continues
Stock Information
Company Name: Gulf Island Fabrication Inc.
Stock Symbol: GIFI
Market: NASDAQ
Website: gulfisland.com
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