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Income Statement

Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 139,531 $ 117,838 $ 260,080 $ 233,028
Cost of revenue 123,733 102,300 230,995 203,722
Gross profit 15,798 15,538 29,085 29,306
Operating expenses:        
Selling, general and administrative expenses 13,685 12,787 29,351 27,353
Amortization of intangibles 336 1,016 671 2,024
Total operating expenses 14,021 13,803 30,022 29,377
Operating income (loss) 1,777 1,735 (937) (71)
Other income (expenses):        
Interest expense, net (799) (563) (1,568) (1,017)
Gain (loss) on disposition of property and equipment 24 (99) 40 (136)
Total other expenses (775) (662) (1,528) (1,153)
Income (loss) before income taxes 1,002 1,073 (2,465) (1,224)
Income tax provision (benefit) 293 404 (750) (679)
Net income (loss) 709 669 (1,715) (545)
Dividends on cumulative redeemable convertible preferred stock 0 244 (113) 482
Premium paid on redemption of redeemable convertible preferred stock 0 0 2,219 0
Net income (loss) attributable to Limbach Holdings, Inc. common stockholders $ 709 $ 425 $ (3,821) $ (1,027)
Basic earnings (loss) per share for common stock:        
Net earnings (loss) attributable to Limbach Holdings, Inc. common stockholders $ 0.09 $ 0.06 $ (0.51) $ (0.14)
Diluted earnings (loss) per share for common stock:        
Net earnings (loss) attributable to Limbach Holdings, Inc. common stockholders $ 0.09 $ 0.05 $ (0.51) $ (0.14)
Weighted average number of shares outstanding:        
Basic 7,542,503 7,454,564 7,541,965 7,454,528
Diluted 7,807,768 7,795,484 7,541,965 7,454,528

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