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KSW

Started by fous, November 08, 2005, 02:22:43 AM

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fous

KSW
KSW, Inc.. The Group's principal activities are to furnish and install heating, ventilating and air conditioning systems and processing piping systems. The operations of the Group are carried out through its wholly owned subsidiary, KSW Mechanical Services Inc. The equipments furnished are catered for institutional, industrial, commercial, high-rise residential and public works projects. The Group provides these contracting services primarily in the State of New York. The Group also serves as a mechanical trade manager, performing project management services relating to the mechanical trades.

KSWW's strong uptrend continues after releasing its huge earnings increase today. KSWW's market is just 13.8 million. Revenues for the 3rd quarter of 05 were $14,849,000, a 126% increase for Q3 revs last year! This company is in a huge rebounding growth phase and the pps has sure reflected it.



Here is the PR concerning Q3 earnings:

KSW, Inc.'s Third Quarter Revenues and Profits Surge
11/7/2005 11:34:01 AM


   LONG ISLAND CITY, New York, Nov 07, 2005 (BUSINESS WIRE) -- KSW, Inc. (NASDAQ Electronic Bulletin Board: KSWW.OB) today reported financial results for the third quarter of 2005.

Total revenue for the third quarter increased by $8,283,000 or 126% to $14,849,000, as compared to $6,566,000 for the third quarter of 2004. Total revenue for the nine months ended September 30, 2005 increased by $16,873,000 or 87% to $36,277,000, as compared to $19,404,000 for the nine months ended September 30, 2004.

The Company generated net income of $1,262,000 (or $0.23 per share) for the third quarter of 2005, as compared to a net loss of $596,000 for the third quarter of 2004. For the nine months ended September 30, 2005, the Company reported net income of $1,715,000 (or $.31 per share), as compared to a net loss of $1,291,000 for the nine months ended September 30, 2004.

Third quarter 2005 earnings include a benefit of $759,000 resulting from a deferred tax asset adjustment. Third quarter 2005 results do not include the net gain of $880,000 generated by the claim settlement previously reported in the Company's press release and accompanying Form 8K, both filed on October 20, 2005. The gain of $880,000 will be recognized in the fourth quarter 2005.

KSW, Inc. through its totally-owned mechanical subsidiary KSW Mechanical Services, Inc. furnishes and installs heating, ventilating and air conditioning (HVAC) systems and process piping systems for institutional, industrial, commercial, high-rise residential and public works projects. KSW Mechanical Services, Inc. also acts as Trade Manager on larger construction projects, such as the Weill Cornell Ambulatory Care Building.

Safe Harbor Statement

Certain statements contained in this press release are not historical facts, and constitute "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These forward looking statements generally can be identified as statements that include phrases such as "believe", "expect", "anticipate", "intend", "plan", "foresee", "likely", "should", "will" or other similar words or phrases. Such forward-looking statements concerning management's expectations and other similar matters involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ materially from any future results, performance or achievements discussed or implied by such forward-looking statements. Such risks, uncertainties, and other important factors that could cause actual results to differ materially from expectation of the Company include, among others, the outcome of the year-end audit and further internal review of theCompany's historical financial statements. All written and oral forward-looking statements of or attributable to the Company or persons acting on behalf of the Company are qualified in their entirety by such factors. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.

SOURCE: KSW, Inc.

KSW, Inc.
James F. Oliviero, 718-340-1409


-fousc

trade it like you mean it!

njshiva

I think this should be not be in penny stock picking anymore  :)

KSW Awarded $11.9 Million Trump Hotel Project
Tuesday December 12, 9:22 am ET

LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--KSW, Inc. (AMEX:KSW - News) announced today that it has been selected as the HVAC contractor for the new Trump Hotel project being built on Spring Street in Manhattan. KSW's work at the project is valued at approximately $11,900,000 and will take 2 years to complete.

Donald Trump stated: "KSW's reputation for quality performance and their ability to offer value engineering was instrumental in our decision to award them this high profile project."

With this project, the Company's current backlog of work is approximately $110,000,000.

setravis

Changed Ticker Symbol.......

'KSWW.OB' is no longer valid. It has changed to KSW

Now trades on the AMEX...
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis