Gulf Island Fabrication INC

Market Movers (8-K)

Gulf Island Fabrication, Inc. has completed its merger with IES Holdings, Inc., becoming an indirect wholly owned subsidiary of IES.
Gulf Island Fabrication, Inc. shareholders have approved the acquisition by IES Holdings, Inc., paving the way for the merger to close on January 16, 2026.
Gulf Island Fabrication, Inc. announced strong third-quarter 2025 revenue growth and a definitive agreement to be acquired by IES Holdings, Inc. for $12.00 per share in cash.
Gulf Island Fabrication, Inc. has entered into a definitive merger agreement to be acquired by IES Holdings, Inc. for $12.00 per share in an all-cash transaction.
IES Holdings, Inc. announced its definitive agreement to acquire Gulf Island Fabrication, Inc. for $12.00 per share in cash, representing a 52% premium.
Better than expected
Gulf Island Fabrication, Inc. reported a consolidated net loss of $0.6 million for the second quarter of 2025, impacted by lower revenue and acquisition-related costs, despite strategic diversification efforts.
Worse than expected

Quarterly Earnings (10-Q)

Gulf Island Fabrication reports Q3 2025 results, highlighting the impact of the Englobal acquisition and the pending merger with IES Holdings.
Delay expected
Worse than expected
Gulf Island Fabrication, Inc. reported a net loss for the second quarter of 2025, primarily due to costs associated with its Englobal acquisition and lower revenue.
Worse than expected
Gulf Island Fabrication's Q1 2025 revenue decreased slightly year-over-year, but gross profit increased as the company continues its strategic transformation and pursues the ENGlobal acquisition.
Worse than expected
Gulf Island Fabrication saw a significant increase in revenue in Q3 2024, primarily driven by a rebound in its Shipyard Division and improved performance in its Fabrication Division.
Better than expected
Delay expected
Gulf Island Fabrication reported its second quarter 2024 results, highlighting increased profitability and strategic progress.
Better than expected
Gulf Island Fabrication, Inc. announced a significant increase in net income for the first quarter of 2024, driven by strong performance in its Services and Fabrication divisions and a gain on the sale of property.
Better than expected

Annual Reports (10-K)

Gulf Island Fabrication files an amendment to its 2024 Form 10-K to include an exhibit inadvertently omitted from the original filing.
Gulf Island Fabrication's 2024 10-K filing reveals improved financial performance driven by strategic diversification and operational efficiencies, despite ongoing market challenges.
Better than expected
Delay expected
Gulf Island Fabrication's 2023 annual report reveals a challenging year marked by a significant charge related to litigation, offset by growth in services and fabrication segments.
Worse than expected
Delay expected

Insider Trading (Form 4)

GULF ISLAND FABRICATION Director Jay Troger reports the disposition of all common stock and restricted stock units following the company's merger with IES Holdings, Inc. at $12.00 per share in cash.
A director of Gulf Island Fabrication Inc. reported the disposal of all beneficial ownership following its merger into an indirect wholly owned subsidiary of IES Holdings, Inc. for $12.00 per share.
GULF ISLAND FABRICATION INC (GIFI) has completed its merger with IES Holdings, Inc., with all outstanding shares converting to $12.00 cash per share.
GULF ISLAND FABRICATION INC's SVP, Commercial, Matthew R. Oubre, reported the disposition of all his common stock holdings following the company's merger with IES Holdings, Inc. at $12.00 per share.
James L. Morvant, SVP of Operations at Gulf Island Fabrication Inc., disposed of all his common stock holdings following the company's merger with IES Holdings, Inc. for $12.00 per share.
Gulf Island Fabrication's EVP, CFO, and Secretary/Treasurer, Westley S. Stockton, sold all beneficial shares following the company's merger with IES Holdings, Inc. at $12.00 per share.

Proxy Statements (Def-14A)

Gulf Island Fabrication, Inc. shareholders are invited to a special meeting to vote on a proposed merger with IES Holdings, Inc., offering $12.00 per share in cash.
Better than expected
Gulf Island Fabrication, Inc. has entered into a definitive merger agreement to be acquired by IES Holdings, Inc. for $12.00 per share in cash.
Gulf Island Fabrication, Inc. announced an agreement to be acquired by IES Holdings, Inc., expected to close in Q1 2026.
IES Holdings, Inc. announced a definitive agreement to acquire Gulf Island Fabrication, Inc. for $12.00 per share in cash, representing a 52% premium.
Better than expected
Gulf Island Fabrication will hold its annual shareholder meeting on May 15, 2025, to elect directors, approve executive compensation, and ratify the appointment of its accounting firm.
Gulf Island Fabrication will hold its annual shareholder meeting on May 16, 2024, via live audio webcast, to vote on director elections, executive compensation, and auditor ratification.

Schedule 13D - Activist Investments

Piton Capital Partners LLC and Robert Averick have filed their final Schedule 13D amendment, confirming their exit from Gulf Island Fabrication, Inc. following its merger with IES Holdings, Inc. for $12.00 per share.
Major shareholders, including Piton Capital Partners and director Robert Averick, have signed a voting agreement to support Gulf Island Fabrication's merger with IES Holdings.

Schedule 13G - Passive Investments

First Wilshire Securities Management, Inc. reports 0% beneficial ownership in Gulf Island Fabrication Inc., indicating a full divestment or reduction below the reporting threshold.
Worse than expected
Glazer Capital, LLC and Paul J. Glazer have reported a beneficial ownership of 6.83% in Gulf Island Fabrication, Inc. common stock.
First Wilshire Securities Management, Inc. has filed an amended Schedule 13G, reporting a 6.0% beneficial ownership stake in Gulf Island Fabrication Inc. as of December 31, 2024.
Wax Asset Management, LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 13.3% of Gulf Island Fabrication, Inc.'s common stock as of December 31, 2024.