Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.24.3
Operating Segments (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Summarized Segment Financial Information Summarized financial information for our segments as of September 30, 2024 and 2023, and for the three and nine months ended September 30, 2024 and 2023, is as follows (in thousands):

 

 

 

Three Months Ended September 30, 2024

 

 

 

Services

 

 

Fabrication

 

 

Shipyard

 

 

Corporate

 

 

Consolidated

 

Revenue

 

$

20,245

 

 

$

17,110

 

 

$

490

 

 

$

(205

)

 

$

37,640

 

Gross profit

 

 

2,040

 

 

 

2,541

 

 

 

75

 

 

 

 

 

 

4,656

 

Operating income (loss)

 

 

1,396

 

 

 

2,034

 

 

 

22

 

 

 

(1,780

)

 

 

1,672

 

Depreciation and amortization expense

 

 

495

 

 

 

633

 

 

 

 

 

 

80

 

 

 

1,208

 

Capital expenditures

 

 

17

 

 

 

1,297

 

 

 

 

 

 

 

 

 

1,314

 

Total assets(1)

 

 

24,445

 

 

 

34,895

 

 

 

233

 

 

 

71,195

 

 

 

130,768

 

 

 

 

Three Months Ended September 30, 2023

 

 

 

Services

 

 

Fabrication

 

 

Shipyard

 

 

Corporate

 

 

Consolidated

 

Revenue

 

$

22,976

 

 

$

14,979

 

 

$

(32,702

)

 

$

(230

)

 

$

5,023

 

Gross profit (loss)

 

 

3,260

 

 

 

1,217

 

 

 

(34,356

)

 

 

 

 

 

(29,879

)

Operating income (loss)

 

 

2,577

 

 

 

904

 

 

 

(35,117

)

 

 

(1,999

)

 

 

(33,635

)

Depreciation and amortization expense

 

 

502

 

 

 

813

 

 

 

 

 

 

75

 

 

 

1,390

 

Capital expenditures

 

 

 

 

 

573

 

 

 

 

 

 

72

 

 

 

645

 

Total assets(1)

 

 

30,407

 

 

 

44,372

 

 

 

727

 

 

 

45,096

 

 

 

120,602

 

 

 

 

Nine Months Ended September 30, 2024

 

 

 

Services

 

 

Fabrication

 

 

Shipyard

 

 

Corporate

 

 

Consolidated

 

Revenue

 

$

68,546

 

 

$

52,975

 

 

$

935

 

 

$

(673

)

 

$

121,783

 

Gross profit

 

 

8,541

 

 

 

5,972

 

 

 

425

 

 

 

 

 

 

14,938

 

Operating income (loss)

 

 

6,452

 

 

 

7,884

 

 

 

373

 

 

 

(6,046

)

 

 

8,663

 

Depreciation and amortization expense

 

 

1,461

 

 

 

1,942

 

 

 

 

 

 

238

 

 

 

3,641

 

Capital expenditures

 

 

684

 

 

 

4,196

 

 

 

 

 

 

 

 

 

4,880

 

Total assets(1)

 

 

24,445

 

 

 

34,895

 

 

 

233

 

 

 

71,195

 

 

 

130,768

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Services

 

 

Fabrication

 

 

Shipyard

 

 

Corporate

 

 

Consolidated

 

Revenue

 

$

69,033

 

 

$

69,382

 

 

$

(30,973

)

 

$

(925

)

 

$

106,517

 

Gross profit (loss)

 

 

10,348

 

 

 

5,243

 

 

 

(35,955

)

 

 

 

 

 

(20,364

)

Operating income (loss)

 

 

8,187

 

 

 

4,443

 

 

 

(39,268

)

 

 

(5,920

)

 

 

(32,558

)

Depreciation and amortization expense

 

 

1,440

 

 

 

2,460

 

 

 

 

 

 

215

 

 

 

4,115

 

Capital expenditures

 

 

508

 

 

 

1,111

 

 

 

 

 

 

82

 

 

 

1,701

 

Total assets(1)

 

 

30,407

 

 

 

44,372

 

 

 

727

 

 

 

45,096

 

 

 

120,602

 

 

Cash and short-term investments are reported within our Corporate Division.