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The year over year decline in gross margin dollars mainly reflects an upfront gain tied to the commencement of an expansionFacilityand the achievement of certain Engineered Systems project milestones in the prior year quarter. Against the second quarter, the chief financial officer cited a …
Revenue increased in every reportable segment. United States electrical construction and facilities services grew to USD 1.85 billion from USD 1.29 billion, with the largest gain in network and communications work tied toData Centerprojects. Mechanical construction and facilities services rose to USD 2.55 billion …
Chief Executive Officer Dave Reeder said the company is executing against rising semiconductor complexity and materials intensity, and that record revenue, margin expansion and earnings all exceeded the guidance range. Non-GAAP net income was USD 189.7 million, up 72.6%.
Co-Chief Executive Officer Jim Teague attributed the quarter to record volumes across Permian processing plants, NGL pipelines,Natural Gaspipelines and ethane export terminals. He also said it was his final quarterly call in that role, and that fellow co-Chief Executive Officer Randy Fowler assumes the …
Operating margin rose to 13.2% of sales from 10.8%. ATariffrecovery line contributed 2.4% of sales to that margin, as the company recognized about USD 1.6 million inOperating Incomefrom refunds of IEEPA tariffs, plus USD 0.1 million of interest income.
GAAPGross Profitwas USD 49.7 million, or 69.1% of revenue, against 70.1% a year earlier. Excluding USD 1.3 million of restructuring related inventory charges, adjusted grossMarginwas 70.8%, up 70 basis points on growth in the higher margin U.S.Businessand minimally invasive platform. Stronger distributor sales outside …
Chief Executive Officer Steve Gunby said all five segments grew and added that the quarter benefited from unusually high success fees and a lower tax rate.
Net interest income slipped USD 0.3 million from the second quarter but rose USD 13.0 million, or 19.6%, from a year earlier, aided by organic earning asset growth and the Two Rivers Bank & Trust acquisition. Net interestMarginon a tax equivalent basis was 3.76%, …
Net interest income rose 8% to USD 5.88 billion, led by guarantee net interest income of USD 4.54 billion, up 7%, and investments net interest income of USD 1.45 billion, up 6%. Non-interest income was USD 933 million compared with USD 284 million a …
Revenue, measured as net interest income of USD 14.3 million plus noninterest income of USD 2.2 million, was USD 16.49 million, slightly below a consensus estimate of USD 16.55 million. Net interest income was USD 14.32 million versus USD 14.57 million a year earlier.
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