---
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"
generated_at: "2026-06-02T15:31:04.757969+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gulf Island Q1 revenue $42.9M, net income $6.2M; reiterates FY2024 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-054487
- form_type: 8-K
- cik: 0001031623
- company_name: GULF ISLAND FABRICATION INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054487
- JSON: https://secwatch.observer/filing/0000950170-24-054487.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054487.txt

## Key facts
- Earnings Releases
  GULF ISLAND FABRICATION INC reported first quarter 2024 results: revenue $42.9 million, net income $6.2 million. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $42.9 million
  - Net income: $6.2 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1031623/000095017024054487/0000950170-24-054487-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.