Gulf Island Fabrication quarterly earnings up

• Associated Press (AP)
• Published: Oct 23, 2009 - UPDATED: 1:40 p.m.

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HOUMA (AP) — Gulf Island Fabrication Inc., which builds offshore petroleum structures, recorded a higher profit in the third quarter.

The Houma-based company earned $6 million, or 41 cents per share, on revenue of $76.6 million. That’s up from earnings in last year’s third quarter of $2.8 million, or 20 cents per share, on revenue of $92.7 million.

Gulf Island says it has a current project backlog of $136.1 million.