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Gulf Island Fab (GIFI)

Gulf Island Fab (GIFI)
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Gulf Island Fabrication, Inc. is a leading fabricator of complex steel structures and marine vessels used in energy extraction and production, petrochemical and industrial facilities, power generation, alternative energy projects and shipping and marine transportation operations. The Company also provides related installation, hookup, commissioning, repair and maintenance services with specialized crews and integrated project management capabilities. The Company is currently fabricating complex modules for the construction of a new petrochemical plant, completing newbuild construction of a technologically advanced offshore support and two multi-purpose service vessels and recently fabricated wind turbine pedestals for the first offshore wind power project in the United States. The Company also constructed one of the largest lift boats servicing the Gulf of Mexico (`GOM`), one of the deepest production jackets in the GOM and the first SPAR fabricated in the United States.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 159,200 151,070 142,320 93,450 250,960
Sales Growth +5.38% +6.15% +52.30% -62.76% -17.26%
Net Income 14,740 -24,400 -3,350 -22,170 -27,380
Net Income Growth +160.41% -628.36% +84.89% +19.03% +44.56%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 133,220 128,430 134,870 135,270 231,340
Total Assets Growth +3.73% -4.78% -0.30% -41.53% -8.48%
Total Liabilities 40,110 49,460 32,240 31,370 104,980
Total Liabilities Growth -18.90% +53.41% +2.77% -70.12% +4.89%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 18,250 7,200 -8,920 -24,810 -19,010
Operating Cash Flow Growth +153.47% +180.72% +64.05% -30.51% -166.25%
Net Cash Flow -11,170 4,830 -19,770 11,430 -6,540
Change in Net Cash Flow -331.26% +124.43% -272.97% +274.77% +68.48%
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