Goldfield Corp (NASDAQ:GV) Q1 2020 Earnings Conference Call May 7, 2020 10:00 AM ET Company Participants Kristine Walczak - Effective Corporate Communications John Sottile - Chairman, President & CEO Stephen Wherry - SVP, CFO, Treasurer & Assistant Secretary Conference Call Participants Sam Rebotsky - SER Asset Management Kurt Caramanidis - Carl M. Hennig, Inc. Operator Ladies and gentlemen, welcome to the Goldfield Corporation First Quarter 2020 Conference Call. [Operator Instructions]. I would now like to ...

Financial Data and Key Metrics Changes - The company reported record high electrical construction revenue of $44.1 million for Q4 2019, an increase of $7.4 million compared to Q4 2018, driven by improved operations [11][12] - Net income for Q4 2019 increased to $3 million or $0.12 per share, up from $664,000 or $0.03 per share in Q4 2018 [15] - EBITDA for Q4 2019 was $7.4 million compared to $3.3 million for the same period in 2018 [15] - Total backlog at December 31, 2019, increased by $61.9 million or 28.9% to $276 million compared to $214.5 million as of December 31, 2018 [16] Business Line Data and Key Metrics Changes - Electrical construction revenue in Q4 2019 was $44 million, a 20% increase from $36.7 million in Q4 2018, primarily due to growth in Texas Southwest and Southeast regions [12][14] - Gross margin on electrical construction operations increased to 22.2% in Q4 2019 from 13.4% in Q4 2018, attributed to favorable project closeouts in Texas [13] Market Data and Key Metrics Changes - The company experienced strong revenue growth across all regions in 2019, driven by new customer acquisition and increased demand from existing customers [8] - The backlog as of January 31, 2020, was approximately $502 million, reflecting newly executed Master Service Agreements (MSAs) [8][17] Company Strategy and Development Direction - The company is expanding its service lines in substation and distribution services and increasing its presence in Kentucky through additional MSAs [9][10] - Geographic expansion into states adjacent to Texas, including Oklahoma, Arkansas, and Louisiana, is part of the growth strategy [10][44] - The company aims to enhance its distribution presence and expand its customer base, with a focus on new MSAs and service line expansion [45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning to build on recent successes and continue revenue growth [10] - The management cautioned investors to consider the company's performance on an annual basis due to potential quarterly fluctuations [32] - The company has developed plans to address potential impacts from the Coronavirus, emphasizing a lower likelihood of encountering the virus due to the nature of its operations [81] Other Important Information - The company reported an increase in selling, general, and administrative expenses due to higher accrued executive bonuses [14] - The company is actively considering share buybacks, weighing the best use of funds between buybacks, capital expenditures, and debt reduction [85] Q&A Session Summary Question: What was the profitability in the Texas and Southwest region? - Management confirmed that the Texas and Southwest region showed profitability in Q4 2019, with a revenue increase to $16.8 million from $13 million [21][25] Question: What is the timeframe for the $240 million backlog? - Management indicated that the backlog is expected to be completed over a period of three to five years [23][24] Question: Are there enough employees to handle current jobs? - Management confirmed that they currently have sufficient employees, although this may vary depending on other contractors' workloads [28] Question: What are the expected gross margins for new MSA work? - Management expressed hope that gross margins for new MSA work would be in the range of 16% to 19% [61] Question: Are there any large contracts being bid on? - Management confirmed that they are actively working on substantial contracts that may require public announcement if successful [76] Question: How is the company addressing the Coronavirus impact? - Management stated that they have developed plans to mitigate the impact of the Coronavirus, noting the dispersed nature of their work crews [81] Question: Is there consideration for a tender offer for share buybacks? - Management acknowledged that share buybacks are under consideration, but emphasized the need to evaluate the best use of company funds [85]

The Goldfield Corporation (NASDAQ:GV) Q3 2019 Results Earnings Conference Call November 7, 2019 10:00 AM ET Company Participants Josh Littman - Associate, Alpha IR Group John Sottile - Chairman, President and Chief Executive Officer Stephen Wherry - Senior Vice President and Chief Financial Officer Conference Call Participants Sam Rebotsky - SER Asset Management Brett Reiss - Janney Montgomery Scott Kurt Caramanidis - Carl M. Hennig Operator Greetings and welcome to the Goldfields Corp Third quarter 2019 Fi ...

The Goldfield Corporation (NASDAQ:GV) Q2 2019 Earnings Conference Call August 8, 2019 10:00 AM ET Company Participants Josh Littman - Associate, Alpha IR Group John Sottile - Chairman, President and Chief Executive Officer Stephen Wherry - Senior Vice President and Chief Financial Officer Conference Call Participants Sam Rebotsky - SER Asset Management Brett Reiss - Janney Montgomery Scott LLC Kurt Caramanidis - Carl M. Hennig Inc Operator Good day, ladies and gentlemen, and welcome to the Goldfield Corpora ...

The Goldfield Corporation (NASDAQ:GV) Q1 2019 Earnings Conference Call May 9, 2019 10:00 AM ET Company Participants Josh Littman – Alpha Investor Relations John Sottile – President and Chief Executive Officer Steve Wherry – Chief Financial Officer Conference Call Participants Sam Rebotsky – SER Asset Management Brett Reiss – Janney Montgomery Scott Operator Ladies and gentlemen, thank you for standing by. Welcome to the Goldfield CorporationÂ's First Quarter 2019 Conference Call. At this time, all participa ...

Goldfield Corp (NASDAQ:GV) Q4 2018 Earnings Conference Call March 13, 2019 10:00 AM ET Company Participants Josh Littman - Alpha IR John Sottile - Chairman, President & CEO Stephen Wherry - SVP, CFO, Treasurer & Assistant Secretary Conference Call Participants Operator Greetings and welcome to The Goldfield Corporation Fourth and Full Year 2018 Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Josh Littman, with Alpha IR ...