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Goldfield Corp. Message Board

  • dalton880 dalton880 Nov 13, 2013 1:10 AM Flag

    Backlog outside STEC up significatly

    Here is out of the Sept qtr 10Q, page 14. Backlog was way up in the Sept qtr, plus the company states that the increase in business seen since the end of the Sept should "significantly augment 4th qtr revenues" ...

    As of September 30, 2013 electrical construction backlog was approximately $24.6 million , compared to $53.6 million , as of September 30, 2012 . The decrease in backlog was largely attributable to the completion of the STEC project, which represented $35.0 million of the backlog at September 30, 2012 . Significantly, non-STEC backlog at September 30, 2013 increased 31.8% to $24.5 million , from $18.6 million at September 30, 2012 . Of our total backlog at September 30, 2013 , we expect approximately 66.9% to be completed during 2013. Contracts already awarded since September 30, 2013 , together with other anticipated contract awards, are expected to significantly augment fourth quarter revenue.

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