Article: Gulf Island Fabrication, Inc. Reports Third Quarter Earnings.

Gulf Island Fabrication, Inc. (NASDAQ: GIFI) reported net income of $6.0 million ($.41 diluted EPS) on revenue of $76.6 million for its third quarter ended September 30, 2009, compared to net income of $2.8 million ($.20 diluted EPS) on revenue of $92.7 million for the third quarter ended September 30, 2008. Net income for the nine months ended September 30, 2009 was $16.2 million ($1.12 diluted EPS) on revenue of $240.8 million, compared to the net income of $28.1 million ($1.96 diluted EPS) on revenue of $334.3 million for the nine months ended September 30, 2008.

The company had a revenue backlog of $136.1 million and a labor backlog of approximately 1.5 ...

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