Gulf Island Fabrication Inc. recently held a board meeting where significant decisions were made regarding the company's Share Repurchase Program. The board approved a $5 million increase in the authorization for the existing program, raising the total available for repurchase from $5 million to $10 million. Additionally, the board extended the expiration of the program from December 15, 2025, to December 15, 2026. As of June 4, 2025, approximately $5.6 million remains available for repurchases under this program. The timing and amount of any repurchases are at the discretion of management and can be executed through various transaction types, in accordance with applicable laws. The program does not obligate the company to repurchase shares and may be adjusted or terminated at the board's discretion.