{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-054487","form_type":"8-K","ticker":null,"cik":"0001031623","company_name":"GULF ISLAND FABRICATION INC","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.946524+00:00","generated_at":"2026-06-02T15:31:04.757969+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gulf Island Q1 revenue $42.9M, net income $6.2M; reiterates FY2024 guidance","bullets":["Consolidated revenue $42.9M, down 31% YoY; net income $6.2M vs $0.6M, aided by $2.9M property sale gain.","Services segment revenue $25.5M (+18.3% YoY), operating income $2.9M; EBITDA $3.3M vs $2.8M.","Fabrication segment revenue $17.1M (-56.8% YoY), adjusted EBITDA $2.5M, excluding $2.9M property sale gain.","Cash and investments $61.3M at March 31; total debt $20.0M at 3% fixed; repurchased 60,860 shares for $0.3M.","Reiterated FY2024 guidance: Services EBITDA ~$14M, Fabrication adj. EBITDA ~$8M, Corporate EBITDA loss ~$8M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-054487","json":"https://secwatch.observer/filing/0000950170-24-054487.json","markdown":"https://secwatch.observer/filing/0000950170-24-054487.md","text":"https://secwatch.observer/filing/0000950170-24-054487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031623/000095017024054487/0000950170-24-054487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031623/000095017024054487/gifi-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T15:31:04.757969+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3280477a164a5da63f289483e226545b29bb1196","claim":"GULF ISLAND FABRICATION INC reported first quarter 2024 results: revenue $42.9 million, net income $6.2 million. Guidance reaffirmed.","evidence_excerpt":"fabricator and service provider to the industrial and energy sectors, today announced results for the first quarter 2024. FIRST QUARTER 2024 SUMMARY • Consolidated revenue of $42.9 million • Consolidated net income of $6.2 million; Adjusted EBITDA of $3.7 million • Services Division operating income of $2.9 million; EBITDA of $3.3 million • Fabrication Division","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031623/000095017024054487/0000950170-24-054487-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Revenue","value":"$42.9 million"},{"label":"Net income","value":"$6.2 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}