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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 72,549 $ 71,466 $ 138,696 $ 122,118
Cost of revenue 63,194 62,274 122,432 106,244
Gross profit 9,355 9,192 16,264 15,874
Operating expenses        
Selling and marketing expenses 140 165 278 405
General and administrative expenses 5,386 6,474 11,586 11,236
Depreciation and amortization expense 57 76 98 148
Total operating expenses 5,583 6,715 11,962 11,789
Operating income 3,772 2,477 4,302 4,085
Other (income) expense, net        
Interest expense, net 1,566 1,519 3,099 2,993
Other income, net (499) (343) (621) (668)
Total other expense, net 1,067 1,176 2,478 2,325
Income from continuing operations before income tax 2,705 1,301 1,824 1,760
Income tax expense 196 15 244 79
Income from continuing operations 2,509 1,286 1,580 1,681
Discontinued operations:        
Loss from discontinued operations before income tax (102) (57) (156) (121)
Income tax benefit (98) (776) (80) (748)
Income (loss) from discontinued operations (4) 719 (76) 627
Net income $ 2,505 $ 2,005 $ 1,504 $ 2,308
Basic earnings per common share        
Income from continuing operations $ 0.10 $ 0.07 $ 0.07 $ 0.09
Income from discontinued operations 0.00 0.04 0.00 0.03
Basic earnings per common share 0.10 0.11 0.07 0.12
Diluted earnings per common share        
Income from continuing operations 0.10 0.07 0.07 0.09
Income from discontinued operations 0.00 0.04 0.00 0.03
Diluted earnings per common share $ 0.10 $ 0.11 $ 0.07 $ 0.12

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