Earnings summaries and quarterly performance for GULF ISLAND FABRICATION.
Executive leadership at GULF ISLAND FABRICATION.
Board of directors at GULF ISLAND FABRICATION.
Research analysts who have asked questions during GULF ISLAND FABRICATION earnings calls.
Recent press releases and 8-K filings for GIFI.
Gulf Island Shareholders Approve Acquisition by IES Holdings
GIFI
M&A
Proxy Vote Outcomes
Delisting/Listing Issues
- Gulf Island Fabrication, Inc. shareholders approved the acquisition by IES Holdings, Inc. at a special meeting held on January 13, 2026.
- The Merger Proposal received 12,913,688 votes For, 67,686 Against, and 131,427 Abstain.
- The acquisition is expected to be completed on January 16, 2026, after which Gulf Island's common stock will be delisted from Nasdaq.
Jan 13, 2026, 9:46 PM
Gulf Island Shareholders Approve Acquisition by IES Holdings
GIFI
M&A
Delisting/Listing Issues
Proxy Vote Outcomes
- Gulf Island Fabrication, Inc. shareholders have approved the acquisition of the company by IES Holdings, Inc.
- The merger is expected to be completed on January 16, 2026, subject to the satisfaction or waiver of remaining customary closing conditions.
- If the merger is completed, Gulf Island's common stock will no longer be publicly traded and will be delisted from Nasdaq.
Jan 13, 2026, 9:30 PM
Gulf Island Fabrication Shareholders Approve Merger Agreement
GIFI
M&A
Proxy Vote Outcomes
Executive Compensation
- On January 13, 2026, Gulf Island Fabrication, Inc. held a special meeting where a quorum was present, representing approximately 82% of the company's outstanding common stock.
- Shareholders approved the agreement and plan of merger with IES Holdings, Inc. and IES Merger Sub, LLC, with more than 80% of outstanding shares voting in favor.
- The non-binding advisory proposal for executive compensation in connection with the merger was also approved by over 98% of the votes cast.
Jan 13, 2026, 3:00 PM
Gulf Island Fabrication Shareholders Approve Merger Agreement
GIFI
M&A
Proxy Vote Outcomes
Executive Compensation
- A special meeting of Gulf Island Fabrication, Inc. shareholders was held on January 13th, 2026.
- Shareholders approved the merger proposal with IES Holdings, Inc. and IES Merger Sub, LLC, with more than 80% of the outstanding shares voting in favor.
- The merger compensation proposal was also approved on a non-binding advisory basis, with more than 98% of the votes cast in favor.
- The proposal for adjournment was not presented, as it was not necessary due to the passage of the other proposals.
Jan 13, 2026, 3:00 PM
Gulf Island Fabrication Shareholders Approve Merger Proposal
GIFI
M&A
Proxy Vote Outcomes
Executive Compensation
- Gulf Island Fabrication, Inc. (GIFI) held a special meeting on January 13, 2026, where shareholders voted on proposals related to a merger.
- The merger proposal with IES Holdings, Inc. and IES Merger Sub, LLC was approved, with more than 80% of the company's outstanding common stock voting in favor.
- Shareholders also approved, on a non-binding advisory basis, executive compensation related to the merger, with more than 98% of votes cast in favor.
- Due to the passage of the merger and compensation proposals, the meeting was not adjourned to solicit additional proxies. Final voting results will be provided in a current report on Form 8-K within four business days.
Jan 13, 2026, 3:00 PM
Brodsky & Smith Announces Investigation into Gulf Island Inc. Acquisition
GIFI
M&A
Legal Proceedings
- Brodsky & Smith has initiated an investigation into the proposed acquisition of Gulf Island Inc. (GIFI) by IES Holdings, Inc. (IESC).
- Under the terms of the Merger Agreement, Gulf Island shareholders are set to receive $12.00 per share in cash, with an aggregate equity value of approximately $192 million.
- The investigation concerns whether the Gulf Island Board breached its fiduciary duties to shareholders by failing to conduct a fair process and if the deal consideration provides fair value.
Dec 1, 2025, 10:21 PM
Gulf Island Fabrication, Inc. Reports Q3 2025 Results and Announces Acquisition by IES Holdings
GIFI
Earnings
M&A
New Projects/Investments
- Gulf Island Fabrication, Inc. reported consolidated revenue of $51.5 million and consolidated net income of $1.6 million for the third quarter of 2025.
- In November 2025, the company entered into an agreement to be acquired by IES Holdings, Inc., with shareholders set to receive $12.00 per share in cash. The transaction is expected to close in the first quarter of 2026.
- The Fabrication division was awarded a contract for large structural steel components to support the rebuild of the Francis Scott Key Bridge.
- During the third quarter of 2025, the company repurchased 42,761 shares for $0.3 million at an average price of $6.75 per share, but has suspended further repurchases due to the pending merger agreement.
Nov 12, 2025, 9:08 PM
Gulf Island Fabrication Reports Q3 2025 Results and Announces Acquisition by IES Holdings
GIFI
Earnings
M&A
New Projects/Investments
- Gulf Island Fabrication reported consolidated revenue of $51.5 million for the third quarter of 2025, an increase from $37.6 million in the prior year period.
- For Q3 2025, consolidated net income was $1.6 million and adjusted EBITDA was $2.5 million, compared to $2.3 million and $2.9 million, respectively, in Q3 2024.
- The company announced an agreement in November 2025 to be acquired by IES Holdings, Inc. for $12.00 per share in cash, with the transaction expected to close in the first quarter of 2026.
- The Fabrication division was awarded a large structural steel components contract to support the rebuild of the Francis Scott Key Bridge.
Nov 12, 2025, 9:05 PM
Gulf Island Fabrication, Inc. Enters into Merger Agreement with IES Holdings, Inc.
GIFI
M&A
Takeover Bid
- Gulf Island Fabrication, Inc. (GIFI) entered into an Agreement and Plan of Merger with IES Holdings, Inc. on November 7, 2025, under which GIFI will become an indirect wholly owned subsidiary of IES.
- Under the terms of the merger, each outstanding share of GIFI common stock will be converted into the right to receive $12.00 in cash.
- The Company's Board of Directors has approved the merger and recommends shareholder approval.
- Certain shareholders have also entered into a Voting and Support Agreement, committing to vote their shares in favor of the merger.
- Vested restricted stock units (RSUs) will be settled in cash at $12.00 per RSU within ten business days of vesting.
Nov 10, 2025, 9:16 PM
Gulf Island Fabrication to be Acquired by IES Holdings
GIFI
M&A
- IES Holdings, Inc. has entered into a definitive agreement to acquire Gulf Island Fabrication, Inc. for $12.00 in cash per Gulf Island share, representing an aggregate equity value of approximately $192 million.
- The acquisition price offers a 52% premium to Gulf Island’s trading price as of November 6, 2025.
- The transaction is anticipated to close in the quarter ending March 31, 2026, subject to Gulf Island shareholder approval and regulatory clearances.
- Due to the proposed transaction, Gulf Island will not hold an earnings conference call to discuss its financial results for the third quarter ended September 30, 2025.
Nov 7, 2025, 2:01 PM
Quarterly earnings call transcripts for GULF ISLAND FABRICATION.
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