Gulf Island Fabrication Inc. reports third quarter revenue of $51.5 million and net income of $1.6 million
Reuters
Nov 13, 2025
Gulf Island Fabrication Inc. reports third quarter revenue of $51.5 million and net income of $1.6 million
Gulf Island Fabrication Inc. reported consolidated revenue of $51.5 million and consolidated net income of $1.6 million for the third quarter of 2025. Consolidated adjusted EBITDA was $2.5 million. The Services division recorded operating income of $0.8 million and EBITDA of $1.3 million, while the Fabrication division reported operating income of $2.1 million and EBITDA of $2.9 million. The company noted a decrease in Services division EBITDA and operating income compared to the prior year, primarily due to underutilization of resources and a less favorable project margin mix. The Fabrication division was awarded a contract for large structural steel components to support the rebuild of the Francis Scott Key Bridge. In November 2025, Gulf Island entered into an agreement to be acquired by IES Holdings, Inc.
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