| Business Summary | | Gulf
Island
Fabrication,
Inc.
is
a
fabricator
of
offshore
drilling
and
production
platforms
and
other
specialized
structures
used
in
the
development
and
production
of
offshore
oil
and
gas
reserves.
Structures
and
equipment
fabricated
by
the
Company
include
jackets
and
deck
sections
of
fixed
production
platforms;
hull
and
deck
sections
of
floating
production
platforms;
piles;
wellhead
protectors;
subsea
templates
and
various
production,
compressor
and
utility
modules;
and
offshore
living
quarters.
Services
provided
by
the
Company
include
offshore
interconnect
pipe
hook-up,
inshore
marine
construction
and
steel
warehousing
and
sales.
The
Company
also
has
the
ability
to
produce
and
repair
pressure
vessels
used
in
the
oil
and
gas
industry,
refurbish
existing
platforms
and
fabricate
various
other
types
of
steel
structures. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GIFI
fabricates
offshore
drilling
and
production
platforms
and
other
specialized
structures
used
in
the
development
and
production
of
offshore
oil
and
gas
reserves.
For
the
six
months
ended
6/30/01,
revenues
rose
3%
to
$61.8
million.
Net
income
rose
81%
to
$3.9
million.
Revenues
reflect
an
increase
in
the
volume
of
direct
labor
hours
applied
to
contracts
in
progress.
Net
income
reflects
favorable
weather
conditions
and
improved
the
utilization
of
labor
saving
equipment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Kerry Chauvin, 53 Chairman,
Pres, CEO | $340K | -- | Joseph Gallagher, III, 50 CFO,
VP-Fin., Treasurer | 165K | -- | Murphy Bourke, 56 Exec.
VP of Marketing | 174K | $138K | Kirk Meche, 38 Exec.
VP, Operations and Pres of Gulf Island, L.L.C. | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|