Gulf Island Fabrication Q1 2025 Update
| Field | Detail |
|---|---|
| Company | Gulf Island Fabrication Inc |
| Form Type | 10-Q |
| Filed Date | May 7, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, contracts, credit-agreement
TL;DR
GIFI Q1 2025: Segments detailed, contracts noted, ENGlobal credit agreement on May 6.
AI Summary
Gulf Island Fabrication Inc. reported its first quarter 2025 results ending March 31, 2025. The company's filing details its operating segments, including Fabrication, Shipyard, and Services, and highlights financial data related to long-term and short-term contracts. A subsequent event noted on May 6, 2025, involves a DIP Credit Agreement with ENGlobal Corporation.
Why It Matters
This filing provides insight into the financial performance and operational structure of Gulf Island Fabrication Inc. during the first quarter of 2025, including significant contractual information and recent corporate events.
Risk Assessment
Risk Level: medium — The filing contains details about various contracts and a recent credit agreement, which could indicate financial complexities or strategic shifts.
Key Numbers
- 2025-03-31 — Reporting Period End Date (Marks the end of the first quarter for which financial information is reported.)
- 2025-05-07 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- Gulf Island Fabrication Inc. (company) — Filer of the 10-Q report
- 20250331 (date) — End of the reporting period
- 20250507 (date) — Filing date of the report
- ENGlobal Corporation (company) — Involved in a subsequent event related to a DIP Credit Agreement
- 2025-05-06 (date) — Date of a subsequent event involving a DIP Credit Agreement
FAQ
What were the primary operating segments of Gulf Island Fabrication Inc. during Q1 2025?
The primary operating segments mentioned are Fabrication, Shipyard, and Services.
What type of contracts are highlighted in the filing for the period ending March 31, 2025?
The filing highlights long-term and short-term contracts with customers, including fixed-price contracts.
Was there any significant subsequent event reported after the Q1 2025 period?
Yes, a subsequent event on May 6, 2025, involved a DIP Credit Agreement with ENGlobal Corporation.
What is the fiscal year end for Gulf Island Fabrication Inc.?
The fiscal year end for Gulf Island Fabrication Inc. is December 31.
What is the SIC code for Gulf Island Fabrication Inc.?
The Standard Industrial Classification (SIC) code for Gulf Island Fabrication Inc. is 3440, which corresponds to Fabricated Structural Metal Products.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 7, 2025 regarding GULF ISLAND FABRICATION INC.