Thursday, November 09, 2006 7:20:43 AM
Another blow out Q for KSW.Check it out.
http://biz.yahoo.com/e/061108/ksw10-q.ht...
http://biz.yahoo.com/bw/061106/200611060...
Press Release Source: KSW, Inc.
KSW, Inc.'s Revenue and Profits Continue to Rise
Monday November 6, 9:00 am ET
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--KSW, Inc. (AMEX: KSW - News) today reported financial results for the third quarter of 2006.
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Total revenue for the third quarter of 2006 increased by 45.8% to $21,644,000, as compared to $14,849,000 for the third quarter of 2005. The Company reported net income of $785,000, or $.14 per share basic and $.13 per share-diluted for the third quarter of 2006, as compared to a net income of $1,262,000 or $.23 per share (basic and diluted), for the third quarter of 2005. Net income for the third quarter of 2005 would have been $.09 per share (basic and diluted) if not for the reversal of a deferred tax valuation allowance of $759,000.
The Company's backlog at the end of the third quarter was approximately $104,000,000. Not included in this backlog amount is approximately $8,500,000 of new contracts awarded since September 30, 2006. Opportunities to obtain new projects remain strong and the Company will continue to seek those projects which have the best potential to increase shareholder value.
THE THRILL OF VICTORY ;-) & THE AGONY OF DEFEAT ;-(
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