KSW, Inc. (KSW) has reported revenues of $93.02 million for the year-end of 2008, up 20%, compared with the revenues of $77.3 million in the previous year-end. It has also reported a net income of $4.23 million, or $0.67 per diluted share, for the year-end of 2008, up 16%, compared with the net income of $3.66 million, or $0.59 per share, in the previous year-end.
As of December 31, 2008, the company’s backlog was around $62,500,000.
Chairman of the board, Floyd Warkol, said: “The current recession has created significant challenges to the construction industry. However, our ability to reduce costs through value engineering will continue to afford us a competitive advantage, especially in these trying times. Our financial condition is strong, which will enable us to continue to pursue opportunities in both the private as well as the public sector.”
KSW is a US based company that furnishes and installs heating, ventilating and air conditioning (HVAC) systems.