IMPACT OF COVID-19 AND BUSINESS RESPONSE Health & Safety Operations Financial Plan COVID-19 specific mitigation plan Majority of projects and maintenance Strong liquidity position and balance quickly developed and implemented sites…
LEVERAGING OUR BRAND FROM TANKS TO TERMINALS Storage Solutions Building opportunity pipeline in LNG and crude infrastructure Recent developments Generated revenue of 143.7 million in FY20 Q3 and 60.6 million in awards 11-13% Target…
OPERATING IMPROVEMENT PLAN ONGOING Focused on corrective actions to improve performance Electrical Infrastructure 5.8% Recent developments of 727M total backlog Generated revenue of 28.4 million in FY20 Q3 and 15.1 million in…
EXPANDING MARKET SHARE WITH NEW AND EXISTING CLIENTS Quality performance is building the brand Oil, Gas & Chemical 18.2% Recent developments of 727M total backlog Generated revenue of 52.3 million in FY20 Q3 and 34.6 million in…
REDUCED FOCUS ON IRON AND STEEL Smaller contribution expected going forward Industrial 4.4% of 727M total backlog Recent developments Generated revenue of 23.9 million in FY20 Q3 and 3.0 million in awards Strategic decision to…
Summary Comments
Third quarter financial results
LIQUIDITY BRIDGE ( in millions) 3Q20 Liquidity of 216.3 million consists of cash of 87.5 million and availability under the credit facility of 128.8 million
FISCAL 2020 THIRD QUARTER RESULTS ( in thousands, except EPS) 3Q20 3Q19 GAAP Based Measures Revenue 248,327 358,887 Gross profit 20,477 8.2% 36,906 10.3% SG&A 19,718 7.9% 24,112 6.7% Operating income (loss) (5,800) -2.3% 12,794…
SEGMENT RESULTS ( in thousands) Electrical Oil Gas & Storage 3Q20 Infrastructure Chemical Solutions Industrial TOTAL Revenue 28,411 52,313 143,746 23,857 248,327 Gross Profit 752 2,946 18,010 (1,231) 20,477 Gross Margin 2.6% 5.6%…
BACKLOG AT MARCH 31, 2020 Project award disruptions due to COVID-19 1,421 123 1,219 1,098 264 916 670 249 869 161 48 727 682 32 359 91 613 133 483 142 641 91 520 287 494 227 110 370 135 162 163 132 114 74 42…
Summary Comments
Summary Comments We will continue to be relentless about the health and safety of our 1 employees, clients and business partners We will remain focused on those elements we can control. We are making adjustments to our cost…
Q&A
RECONCILIATION OF NON-GAAP MEASURES Three Months Ended Nine Months Ended March 31, 2020 March 31, 2020 Earnings Earnings Income Tax Amount of Net Income (Loss) Per Net Income (Loss) Per Effect of Charge (Loss) Diluted (Loss)…
ADJUSTED EBITDA ( in thousands) Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, 2020 2019 2020 2019 (In thousands) Net income (loss) (5,495 ) 8,933 (27,352 ) 15,170 Goodwill and other intangible…
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