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Quarterly Information | 12 Months Ended
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Sep. 30, 2022
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Information | Quarterly Information The table below sets forth the unaudited consolidated operating results by fiscal quarter for the years ended September 30, 2022 and 2021 (in thousands, except per share data):
| 2022 Quarters
| First(1) |  | Second |  | Third(2) |  | Fourth(3) |  | 2022
Revenues | $ | 106,569 |  |  | $ | 127,854 |  |  | $ | 135,483 |  |  | $ | 162,676 |  |  | $ | 532,582 |
Gross profit | 13,436 |  |  | 19,083 |  |  | 19,059 |  |  | 33,440 |  |  | 85,018 |
Net income (loss) | (2,846) |  |  | (1,217) |  |  | 9,061 |  |  | 8,739 |  |  | 13,737 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.24) |  |  | $ | (0.10) |  |  | $ | 0.77 |  |  | $ | 0.74 |  |  | $ | 1.16 |
Diluted | $ | (0.24) |  |  | $ | (0.10) |  |  | $ | 0.76 |  |  | $ | 0.73 |  |  | $ | 1.15 |
(1) The results for the first quarter of Fiscal 2022 demonstrated normal seasonality and were negatively impacted by holidays and work schedules compared to other quarterly periods.
(2) The results for the third quarter of Fiscal 2022 were positively impacted by the release of a $5.9 million Canadian valuation allowance and a $2.0 million pre-tax gain on the sale of a non-core business within our Canadian operations.
(3) The results for the fourth quarter of Fiscal 2022 were positively impacted by a $2.5 million settlement of a claim for cost overruns from prior years related to a U.S. based municipal transit project.
| 2021 Quarters
| First(1) |  | Second(1) |  | Third(1) |  | Fourth(2) |  | 2021
Revenues | $ | 106,575 |  |  | $ | 118,716 |  |  | $ | 115,813 |  |  | $ | 129,455 |  |  | $ | 470,559 |
Gross profit | 18,271 |  |  | 17,153 |  |  | 17,167 |  |  | 22,472 |  |  | 75,063 |
Net income (loss) | (364) |  |  | (225) |  |  | (2,041) |  |  | 3,261 |  |  | 631 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.03) |  |  | $ | (0.02) |  |  | $ | (0.17) |  |  | $ | 0.28 |  |  | $ | 0.05 |
Diluted | $ | (0.03) |  |  | $ | (0.02) |  |  | $ | (0.17) |  |  | $ | 0.28 |  |  | $ | 0.05 |
(1) The results for the first quarter of Fiscal 2021 demonstrated normal seasonality and were negatively impacted by holidays and work schedules compared to other quarterly periods. Gross profit decreased during the first three quarters of Fiscal 2021 as compared to Fiscal 2020 due to a decrease in volume, as well as project delays and cancellations of potential projects associated with the global economic impact resulting from the COVID-19 pandemic and associated reduction in demand across our industrial end markets.
(2) The results for the fourth quarter of Fiscal 2021 were positively impacted by higher volume and favorable productivity across the service and manufacturing entities.
The sum of the individual earnings per share amounts may not agree with year-to-date earnings per share as each period’s computation is based on the weighted-average number of shares outstanding during the period.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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