KSW Inc. (KSW) Announces Solid Second Quarter Results
KSW, Inc. (KSW), an installer of heating, ventilation, air conditioning (HVAC) and process piping systems, and provider of engineering services in New York City, reported second quarter financial results this morning. Revenues increased 13.9% year over year to $22.0 million. Net income increased 28% to $1.1 million, or 17 cents per share, vs. $860,000, or 14 cents per share for the same period last year. Backlog of funded projects reached a record $139.1 million at quarter’s end. Chairman of the Board Floyd Warkol commented, “KSW’s revenues rose this quarter as work began on previously delayed jobs. We have added $70…