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.)