ADDED
As of February 20, 2026 there were 15,540,073 shares of the registrant s $0.01 par value common stock outstanding.
Both of our segments undertake a mix of projects of all sizes and complexity.
For the years ended December 31, 2025, 2024 and 2023, our top 10 customers accounted for 38.0%, 37.8%, and 37.9%, of our revenues, respectively.
For the years ended December 31, 2025, 2024 and 2023, no single customer accounted for more than 10.0% of annual revenues.
For the years ended December 31, 2025, 2024 and 2023, revenues derived from T D customers accounted for 54.7%, 55.9% and 57.3% of our total revenues, respectively, and revenues derived from C I customers accounted for 45.3%, 44.1% and 42.7% of our total revenues, respectively.
Fixed-price contracts accounted for 57.0% of total revenue for the year ended December 31, 2025, including 34.3% of our total revenue for our T D segment and 84.5% of our total revenue for our C I segment.
We are not dependent on specific suppliers for materials or supplies as they are generally available from a variety of suppliers at competitive prices.
As of December 31, 2025, we had approximately $491.5 million in original face amount of bonds outstanding for projects in our T D segment and approximately $1.85 billion for projects in our C I segment.
Our estimated remaining cost to complete these bonded projects for both segments was approximately $817.8 million as of December 31, 2025.
At times we may also be required to provide a letter of credit in connection with services provided to our customers.
REMOVED
As of February 21, 2025 there were 16,138,503 shares of the registrant s $0.01 par value common stock outstanding.
For the years ended December 31, 2024, 2023 and 2022, our top 10 customers accounted for 37.8%, 37.9%, and 35.4%, of our revenues, respectively.
For the years ended December 31, 2024, 2023 and 2022, no single customer accounted for more than 10.0% of annual revenues.
For the years ended December 31, 2024, 2023 and 2022, revenues derived from T D customers accounted for 55.9%, 57.3% and 58.0% of our total revenues, respectively, and revenues derived from C I customers accounted for 44.1%, 42.7% and 42.0% of our total revenues, respectively.
Fixed-price contracts accounted for 60.3% of total revenue for the year ended December 31, 2024, including 43.9% of our total revenue for our T D segment and 81.2% of our total revenue for our C I segment.
We are not dependent on specific suppliers for materials or supplies.
While we believe our customers consider a number of factors when selecting a service provider, most of their work is awarded through a bid process where price is always a principal factor.
Our estimated remaining cost to complete these bonded projects for both segments was approximately $662.6 million as of December 31, 2024.
As of December 31, 2023, we had approximately $683.4 million in original face amount of bonds outstanding for projects in our T D segment and approximately $1.76 billion for projects in our C I segment.
Our backlog as of December 31, 2024 and 2023 included our proportionate share of unconsolidated joint venture backlog totaling $172.3 million and $18.9 million, respectively.