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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues $ 44,239 $ 35,503 $ 120,312 $ 109,571
Cost of sales 39,719 30,306 107,491 92,171
Gross profit 4,520 5,197 12,821 17,400
OPERATING EXPENSES:        
Selling, general and administrative 3,796 3,854 11,805 12,391
Gain on sale of Manitowoc industrial fabrication operations (8,155) 0 (8,213) 0
Intangible amortization 165 165 496 496
Total operating expense, net (4,194) 4,019 4,088 12,887
Operating income 8,714 1,178 8,733 4,513
OTHER (EXPENSE) INCOME, net:        
Interest expense, net (1,227) (1,058) (2,526) (2,316)
Other, net 3 (5) (7) 2
Total other expense, net (1,224) (1,063) (2,533) (2,314)
Net income before provision for income taxes 7,490 115 6,200 2,199
Provision for income taxes 27 41 96 133
NET INCOME $ 7,463 $ 74 $ 6,104 $ 2,066
NET INCOME PER COMMON SHARE—BASIC:        
Net income (in dollars per share) $ 0.32 $ 0 $ 0.27 $ 0.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) 23,102,152 22,028,854 22,748,240 21,803,073
NET INCOME PER COMMON SHARE—DILUTED:        
Net income (in dollars per share) $ 0.32 $ 0 $ 0.27 $ 0.09
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) 23,255,462 22,100,436 22,809,390 21,903,814