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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 91,571 $ 72,549 $ 152,422 $ 138,696
Cost of revenue 82,218 63,194 136,971 122,432
Gross profit 9,353 9,355 15,451 16,264
Operating expenses        
Selling and marketing expenses 231 140 442 278
General and administrative expenses 6,372 5,386 12,683 11,586
Depreciation and amortization expense 46 57 87 98
Total operating expenses 6,649 5,583 13,212 11,962
Operating income 2,704 3,772 2,239 4,302
Interest expense, net        
Interest expense, net 1,213 1,566 2,506 3,099
Other income, net (1,232) (499) (1,592) (621)
Total other (income) expense, net (19) 1,067 914 2,478
Income from continuing operations before income tax 2,723 2,705 1,325 1,824
Income tax expense 77 196 262 244
Income from continuing operations 2,646 2,509 1,063 1,580
Discontinued operations:        
Income (loss) from discontinued operations before income tax 243 (102) 164 (156)
Income tax (benefit) expense 18 (98) 37 (80)
Income (loss) from discontinued operations 225 (4) 127 (76)
Net income $ 2,871 $ 2,505 $ 1,190 $ 1,504
Basic earnings per common share        
Income from continuing operations $ 0.10 $ 0.10 $ 0.04 $ 0.07
Income (loss) from discontinued operations 0.01 0.00 0.01 0.00
Basic earnings per common share 0.11 0.10 0.05 0.07
Diluted earnings per common share        
Income from continuing operations 0.10 0.10 0.04 0.07
Income (loss) from discontinued operations 0.01 0.00 0.01 0.00
Diluted earnings per common share $ 0.11 $ 0.10 $ 0.05 $ 0.07

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