Gulf Island: Gulf Island Fabrication, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

Gulf Island Fabrication, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 37.64 million compared to USD 5.02 million a year ago. Net income was USD 2.32 million compared to net loss of USD 33.24 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to basic loss per share from continuing operations of USD 2.04 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to diluted loss per share from continuing operations of USD 2.04 a year ago. For the nine months, sales was USD 121.78 million compared to USD 106.52 million a year ago. Net income was USD 10.45 million compared to net loss of USD 31.49 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to basic loss per share from continuing operations of USD 1.95 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to diluted loss per share from continuing operations of USD 1.95 a year ago.