Gulf Island Fab Up 19.69% To $6.17 After Earnings Beat

Gulf Island Fab (GIFI) said after close Thursday that it earned $0.43 per share in quarter four 2023. The company reported $44.6 million in revenue

In the same quarter a year ago, the company earned $0.04 per share on revenue of $38.1 million.

The stock is up 19.69% to $6.17 after the report.

Gulf Island Fab's earnings expanded faster than revenues, signaling widening profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Gulf Island Fab has performed a little above average during the past few months. Before the report, Gulf Island Fab received a Long-Term Technical Rank by InvestorsObserver of 66, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $5.32 on March 1, 2024 and set a 52-week low on June 27, 2023 at $2.95.

Gulf Island Fabrication Inc is a US-based company that is a fabricator of complex steel structures and marine vessels. The company also provides installation, hook-up, commissioning, repair and maintenance services with specialized crews. The company operates through segments namely Fabrication division fabricates structures such as offshore drilling and production platforms and other steel structures for customers in the oil and gas industries; Shipyards division manufactures new build and repairs various steel marine vessels in the United States; Services division provides interconnect piping services on offshore platforms, welding, and inshore structures and also provides maintenance and industrial facilities.