GIFI Earnings Prediction
The chart below shows how GIFI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GIFI sees a -1.40% change in stock price 10 days leading up to the earnings, and a +10.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
GIFI Key Earning Data
2024/Q4
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Gross Margin
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Net Margin
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EPS
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GIFI Earnings Analysis
Gulf Island Fabrication Inc Corporation (GIFI.O) Earnings Conference Call
Positive
Strong Financial Performance: Revenue of $159 million generated in 2024, demonstrating strong financial performance.
Strong EBITDA Performance: Adjusted EBITDA of nearly $13 million from small fab and services business, indicating effective cost management and operational efficiency.
Free Cash Flow Improvement: Free cash flow of approximately $13 million, enhancing financial stability and liquidity with over $67 million in cash and short-term investments at year-end.
Diversifying Fabrication Opportunities: Encouraging bid activity for fabrication offerings, particularly in markets outside of oil and gas, such as infrastructure and high-tech manufacturing.
NASA Project Success: Successful execution of the NASA project in 2024, showcasing capability in non-traditional markets.
Fabrication Market Growth Drivers: Positive structural drivers for fabrication markets with limited capacity expected to support growth in the next two to three years.
LNG Project Resumption Potential: Resumption of activity in LNG projects following the lifting of the ban, indicating potential for future large project awards.
Cleaning Services Expansion: Increased volume in the newly launched cleaning and environmental services business as decommissioning activity gains momentum.
Liquidity and Debt Management: Strong liquidity position with a cash balance of approximately $67 million and a manageable debt obligation of $19 million, providing flexibility for growth and capital return opportunities.
Negative
Q4 Revenue Decline: Consolidated revenue for Q4 2024 was $37.4 million, down from $44.6 million in Q4 2023, primarily due to lower services revenue.
EBITDA Decline Analysis: Adjusted consolidated EBITDA for Q4 2024 was $3.7 million, down from $6.6 million in the same period last year, indicating a decline in profitability.
Services Revenue Decline: Services division revenue decreased by 23% compared to Q4 2023, driven by lower new project awards and delayed project opportunities.
Decline in Services EBITDA: Services EBITDA for Q4 2024 was $1.4 million, down from $3.2 million in the prior year, reflecting lower revenue and a less favorable project margin mix.
Fabrication Revenue Decline: Fabrication division revenue decreased by $1 million or 4.9% compared to Q4 2023, despite some growth in small-scale fabrication activity.
EBITDA Loss Comparison: Corporate division EBITDA was a loss of $2.3 million for Q4 2024, compared to a loss of $2 million in the prior year, due to higher costs.
Reduced Capital Spending Outlook: The company expects lower capital spending levels in 2025, driven by reduced demand for crude and lower margins, impacting overall services activity.
Ferry Project Claim Rejection: The claim submitted to the North Carolina Department of Transportation was rejected, leading to legal avenues to recover costs associated with ferry projects.
GIFI FAQs
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GIFI Earning Call Sentiment
Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Q4 2024 Earnings Call Transcript
GIFI.O
0.93%Positive
The earnings call highlights several challenges: a significant revenue and EBITDA decline, competitive pressures, regulatory uncertainties, and supply chain issues. Despite a share repurchase program and strong cash position, the weak financial performance, lower 2025 guidance, and lack of clarity in strategic acquisitions indicate potential negative sentiment. Additionally, the market uncertainties and economic factors affecting demand further contribute to a likely negative stock price reaction.
