Net income for the first six months of 2006 was $8.1 million ($.59 diluted EPS) on revenue of $147.3 million, compared to net income of $8.1 million ($.65 diluted EPS) on revenue of $109.6 million for the first six months of 2005. Included in the Consolidated Statements of Income for the six months ended June 30, 2006, under the other income (expense), is the $983,000 gain resulting from the sale of the Company's interest in MinDOC, L.L.C., effective January 23, 2006.
The company had a revenue backlog of $171.8 million and a labor backlog of approximately 2.1 million man-hours remaining to work, which consist of work remaining at June 30, 2006 and commitments received since June 30, 2006.
Gulf Island Fabrication, Inc., based in Houma, La., is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms, and other specialized structures used in the development and production of offshore oil and gas reserves.
Most Popular Articles
From the Career Center
Jobs that may interest you