Who is Williams Industrial

Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 71,466 $ 47,975 $ 122,118 $ 91,096
Cost of revenue 62,274 41,228 106,244 77,899
Gross profit 9,192 6,747 15,874 13,197
Operating expenses        
Selling and marketing expenses 165 476 405 902
General and administrative expenses 6,474 7,549 11,236 14,116
Depreciation and amortization expense 76 220 148 441
Restructuring charges   2,202   2,225
Total operating expenses 6,715 10,447 11,789 17,684
Operating income (loss) 2,477 (3,700) 4,085 (4,487)
Other (income) expense        
Interest expense, net 1,519 2,397 2,993 3,775
Other (income) expense, net (343) (293) (668) (505)
Total other (income) expense, net 1,176 2,104 2,325 3,270
Income (loss) from continuing operations before income tax 1,301 (5,804) 1,760 (7,757)
Income tax (benefit) expense 15 220 79 505
Income (loss) from continuing operations 1,286 (6,024) 1,681 (8,262)
Discontinued operations:        
Loss from discontinued operations before income tax (57) (2,195) (121) (3,903)
Income tax (benefit) expense (776) (725) (748) (683)
Income (loss) from discontinued operations 719 (1,470) 627 (3,220)
Net income (loss) $ 2,005 $ (7,494) $ 2,308 $ (11,482)
Basic earnings (loss) per common share        
Income (loss) from continuing operations $ 0.07 $ (0.33) $ 0.09 $ (0.46)
Income (loss) from discontinued operations 0.04 (0.08) 0.03 (0.18)
Basic earnings (loss) per common share 0.11 (0.41) 0.12 (0.63)
Diluted earnings (loss) per common share        
Income (loss) from continuing operations 0.07 (0.33) 0.09 (0.46)
Income (loss) from discontinued operations 0.04 (0.08) 0.03 (0.18)
Diluted earnings (loss) per common share $ 0.11 $ (0.41) $ 0.12 $ (0.63)

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