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 -3.33% change in stock price 10 days leading up to the earnings, and a +12.74% change 10 days following the report. On the earnings day itself, the stock moves by +0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
GIFI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
37.64M
649.35%
-8.78%
Gross Margin
12.37%
102.08%
22.72%
Operating Margin
4.44%
100.66%
42.77%
Net Margin
6.16%
100.93%
34.50%
EPS
0.14
106.86%
27.27%
No Data Available
GIFI Earnings Analysis
Gulf Island Fabrication Inc Corporation (GIFI.O) Earnings Conference Call
Positive
Operating Model Resilience: The third quarter results demonstrate the improved durability of our operating model as we generated 11% year-over-year growth in adjusted EBITDA and strong free cash flow conversion despite headwinds in our Services division.
EBITDA Growth and Resilience: Our fabrication adjusted EBITDA nearly doubled from the prior year and while our Services division continued to face some headwinds during the quarter, the business still generated nearly $2 million in third quarter EBITDA highlighting the resilience of this business.
Quarterly Revenue Surge: Consolidated revenue for the third quarter 2024 was $37.6 million compared to consolidated revenue of $5 million for the same period of the prior year.
EBITDA Increase Q3 2024: Adjusted consolidated EBITDA was $2.9 million for the third quarter 2024, up from adjusted consolidated EBITDA of $2.6 million for the prior year period.
Cash and Investments Increase: We ended the third quarter with a cash and investments balance of approximately $67 million, up nearly $4 million from the end of the second quarter, highlighting a strong free cash flow conversion on EBITDA of $2.9 million for the quarter.
Negative
Quarterly Revenue Surge: Consolidated revenue for the third quarter 2024 was $37.6 million compared to consolidated revenue of $5 million for the same period of the prior year.
EBITDA Increase Q3 2024: Adjusted consolidated EBITDA was $2.9 million for the third quarter 2024, up from adjusted consolidated EBITDA of $2.6 million for the prior year period.
Services Division Revenue Decline: Specifically for our Services division, revenue for the third quarter 2024 was $20.2 million, a decrease of 12% compared to the third quarter 2023.
Project Award Decline: The decrease was due to lower new project awards driven by delayed timing of certain Spark Safety project opportunities and lower activity due to delays caused by Hurricanes Francine and Helene in September.
Corporate EBITDA Loss Comparison: For our Corporate division, EBITDA was a loss of $1.7 million for the third quarter compared to a loss of $1.9 million in the prior year period.
GIFI FAQs
How does GIFI typically perform around its earnings report dates?
Is Gulf Island Fabrication, Inc. (GIFI) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
GIFI Earning Call Sentiment
Gulf Island Fabrication, Inc. (GIFI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GIFI.O
0.51%Positive
The earnings call summary presents mixed signals. Financial performance shows modest growth in revenue and EBITDA, but project delays and decreased margins in Services are concerning. The Q&A suggests optimism in Fabrication and decommissioning, yet lacks specifics, causing uncertainty. Share repurchases are positive, but lowered EBITDA guidance for Services and hurricane impacts are negative factors. Overall, the sentiment balances out to neutral, indicating limited stock movement.
