Who is Williams Industrial

Income Statement

v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 269,051 $ 245,787
Cost of revenue 235,035 214,887
Gross profit 34,016 30,900
Operating expenses    
Selling and marketing expenses 569 587
General and administrative expenses 23,721 24,583
Depreciation and amortization expense 187 301
Total operating expenses 24,477 25,471
Operating income 9,539 5,429
Other (income) expense, net    
Interest expense, net 6,083 6,032
Loss on extinguishment of debt 1,455  
Other income, net (1,367) (1,958)
Total other expense, net 6,171 4,074
Income from continuing operations before income tax expense 3,368 1,355
Income tax expense (benefit) 1,385 333
Income (loss) from continuing operations 1,983 1,022
Discontinued operations:    
Loss from discontinued operations before income tax expense (benefit) (405) (234)
Income tax expense (benefit) 40 (1,398)
Income (loss) from discontinued operations (445) 1,164
Net income $ 1,538 $ 2,186
Basic earnings (loss) per common share    
Income from continuing operations $ 0.08 $ 0.05
Income (loss) from discontinued operations (0.02) 0.07
Basic earnings per common share 0.06 0.12
Diluted earnings (loss) per common share    
Income from continuing operations 0.08 0.05
Income (loss) from discontinued operations (0.02) 0.07
Diluted earnings per common share $ 0.06 $ 0.12

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