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Quarterly Information | 12 Months Ended
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Sep. 30, 2023
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, 2023 and 2022 (in thousands, except per share data):
| 2023 Quarters
| First(1) |  | Second(2) |  | Third(3) |  | Fourth(4) |  | 2023
Revenues | $ | 126,858 |  |  | $ | 171,444 |  |  | $ | 192,365 |  |  | $ | 208,641 |  |  | $ | 699,308 |
Gross profit | 19,464 |  |  | 33,437 |  |  | 42,670 |  |  | 51,982 |  |  | 147,553 |
Net income (loss) | 1,162 |  |  | 8,473 |  |  | 18,454 |  |  | 26,436 |  |  | 54,525 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.10 |  |  | $ | 0.71 |  |  | $ | 1.55 |  |  | $ | 2.22 |  |  | $ | 4.59 |
Diluted | $ | 0.10 |  |  | $ | 0.70 |  |  | $ | 1.52 |  |  | $ | 2.17 |  |  | $ | 4.50 |
(1) The results for the first quarter of Fiscal 2023 demonstrated normal seasonality and were negatively impacted by holidays and work schedules compared to other quarterly periods.
(2) The results for the second quarter of Fiscal 2023 were positively impacted by a project cancellation of $1.6 million.
(3) The results for the third quarter of Fiscal 2023 were positively impacted by a project cancellation of $1.7 million.
(4) The results for the fourth quarter of Fiscal 2023 were positively impacted by project cancellations of $1.0 million and the reversal of a $1.9 million valuation allowance against the U.K. net deferred tax assets.
| 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.
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://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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