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Stock Market & Financial Investment News

News Breaks
August 11, 2014
13:50 EDTGIFIGulf Island Fabrication announces project award from Arena Offshore
Gulf Island Fabrication announced that, through its subsidiary Gulf Island L.L.C., it has received an award letter from Arena Offshore, LP for the fabrication of two Jacket/Piles and Topsides for Arena’s projects located in the Gulf of Mexico. Delivery for these units is set for late second quarter 2015. Revenue backlog and man-hours associated with this project will be reported in connection with the company’s announcement of financial results for the quarter ending September 30.
News For GIFI From The Last 14 Days
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October 24, 2014
05:03 EDTGIFIGulf Island Fabrication reports Q3 EPS 52c, may not compare to consensus 22c
Reports Q3 revenue $118M, may not compare to one estimate $68.63M. The company had a revenue backlog of $252.9M and a labor backlog of approximately 2.0M man-hours at September 30, including commitments received through October 23, compared to a revenue backlog of $223.8M and a labor backlog of 2.1M man-hours reported as of June 30.

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