Completion of Legacy Projects
Achieved substantial completion on the last of 27 highly technical projects from the acquisition of American Bridge Company, marking a significant operational milestone.
Revenue Increase
Third quarter revenue increased to $213.3 million, up $40 million from the same period in 2024.
Improved Gross Profit Margin
Gross profit margin improved to 1.5% from negative 29.5% in the prior year, driven by strong performance in core work.
Civil Segment Performance
Civil segment revenue increased to $99.5 million from $55.8 million in 2024, with a gross margin of 10.5%.
Strong Backlog and New Awards
Added approximately $151 million in new awards and contract adjustments, with total backlog reaching approximately $2.26 billion.
Positive Market Outlook
Strong demand for infrastructure projects expected to continue, with significant opportunities in both public and private markets.