Exhibit 99.1

 

NEWS RELEASE

 

For further information contact:

 

Kerry J. Chauvin

    Joseph “Duke” Gallagher

Chief Executive Officer

    Chief Financial Officer

985.872.2100

    985.872.2100

FOR IMMEDIATE RELEASE

JANUARY 20, 2006

 

GULF ISLAND FABRICATION, INC.

TO ANNOUNCE EARNINGS RESULTS

AND QUARTERLY CONFERENCE CALL

 

Houma, LA –– (BUSINESS WIRE) –– January 20, 2006––Gulf Island Fabrication, Inc. (NASDAQ: GIFI), will announce 2005 fourth quarter earnings on Wednesday, February 1, 2006 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time).

 

The management of Gulf Island Fabrication, Inc. will hold a conference call on Wednesday, February 1, 2006 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the Company’s financial results for the quarter ended December 31, 2005.

 

The call is accessible by webcast through CCBN and by dialing the following:

 

Dial In:

    1.800.946.0741
      

Webcast:

    www.gulfisland.com

 

A digital rebroadcast of the call is available two hours after the call and ending February 10, 2006 by dialing:

 

Phone Number:

    1.888.203.1112
      

Replay Passcode:

    2962496

 

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, offshore living quarters and other specialized structures used in the development and production of offshore oil and gas reserves. The Company also offers offshore interconnect pipe hook-up, inshore marine construction, manufacture and repair of pressure vessels, and steel warehousing and sales.