Improved Gross Profit Margin
Consolidated gross profit margin was 6.2%, significantly improved from negative 15.9% in the prior year period.
Civil Segment Performance
The Civil segment delivered a gross profit margin of 18%, a direct result of disciplined bidding strategy and expertise in executing complex projects.
Backlog and New Awards
The company added $67 million in new awards, bringing total backlog to approximately $2.32 billion.
Strong Demand for Infrastructure
Sustained investment and robust demand for infrastructure, especially from federal and state governments, are expected to serve as a powerful tailwind for the business.
Upcoming Opportunities
Pending proposals include projects such as the Pier 31 extension at the Naval Submarine Base and the Eleuthera Glass Window Bridge in the Bahamas.