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Gulf Island Fabrication, Inc. (GIFI) Third Quarter 2024 Earnings Call Transcript
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Gulf Island Fabrication, Inc. (GIFI) Third Quarter 2024 Earnings Call Transcript

Gulf Island Manufacturing, Inc. (NASDAQ:GIFI) Third Quarter 2024 Earnings Conference Call, November 5, 2024, 5 p.m. ET

Participating company

Cindi Cook – Executive Administrative Assistant
Richard Heo – President and CEO
Westley Stockton – Executive Vice President and Chief Financial Officer

Conference call participants

Martin Malloy – Johnson Rice

Operator

Good morning, ladies and gentlemen, and welcome to the Gulf Island conference call to discuss third quarter 2024 results. All participants will be in listen-only mode for the duration of the call. This call is being recorded.

At this point, I would like to turn the floor over to Cindi Cook for opening remarks and introductions. Cindi, please go ahead.

Cindi Cook

Thank you and good afternoon. I would like to welcome everyone to our third quarter 2024 conference call. Our results were released this afternoon and a copy of the press release is available on our website at gulfisland.com. A replay of today’s call will be available on our website after 7:00 p.m. this evening.

Please keep in mind that the press release and certain comments on this call contain forward-looking statements and actual results may differ materially. We would like to refer everyone to the cautionary statements included in our press release and the risk factors described in our most recent Form 10-K and subsequent filings with the SEC.

Please also note that management may refer to EBITDA, adjusted EBITDA, adjusted revenue, new project awards and backlog in this call, which are financial measures not recognized under state GAAP -United. As required by SEC rules and regulations, to the extent used, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures in our press release.

Today we welcome Mr. Richard Heo, President and CEO; and Mr. Wes Stockton, Executive Vice President and Chief Financial Officer.

Mr. Heo?

Richard Héo

Thank