Steel fabricator Gulf Island's Q3 revenue rises

Gulf Island Fabrication

12/11/2025 21:39

Overview

Gulf Island Q3 2025 revenue rises to $51.5 mln, up from $37.6 mln last year

Company enters agreement to be acquired by IES Holdings, expected to close Q1 2026

Fabrication division awarded large contract for Francis Scott Key Bridge rebuild

Outlook

Company expects Englobal business to incur $1 mln in operating losses in Q4 2025

Pending acquisition by IES Holdings expected to close in Q1 2026

Result Drivers

STRATEGIC DIVERSIFICATION - CEO Richard Heo highlights progress in diversifying business focus beyond oil and gas, emphasizing infrastructure and government services

FABRICATION CONTRACT - Large structural steel components contract for Francis Scott Key Bridge rebuild boosts Fabrication division revenue

ENGLOBAL IMPACT - Englobal acquisition contributes to Services division revenue growth despite operating losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$51.50 mln
Q3 Net Income
$1.60 mln
Q3 EBITDA
$1.30 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Gulf Island Fabrication Inc is $8.00, about 47.4% below its November 11 closing price of $11.79

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNXbWMPb1

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)