Financial Data and Key Metrics Changes - The company reported consolidated revenue growth of 23% to 193.7millionforQ1fiscal2026,withagrossmarginof1923 million or 1.6perdilutedshare,upfrom7.9 million or 0.58perdilutedshareyearoveryear[6][23]−EBITDAroseto30.3 million, representing 15.6% of revenues, compared to 11.9millionor7.5160 million, contributing 83% of total revenues, with a pretax book income of approximately 31million[11][22]−IndustrialConstructionServicessegmentrevenuesdecreasedto29 million from 44million,contributing152 million [11][22] - Telecommunications Infrastructure Services segment contributed 2% of total revenues, with a gross margin of 18% [13][23] Market Data and Key Metrics Changes - The company reported a record backlog of 1.9billionasofApril30,2025,reflectinga36546.5 million in cash and investments, net liquidity of 315million,andnodebtasofApril30,2025[8][25]−Aquarterlydividendof37.5¢waspaid,andthesharerepurchaseprogramwasincreasedto150 million [8][27] Q&A Session Summary Question: What does the pipeline look like for the rest of the year? - Management indicated a strong pipeline and expects to add several power industrial jobs, potentially exceeding $2 billion in backlog later this year [35][36] Question: What is the outlook for the Industrial business? - Management acknowledged a slight contraction in the previous quarter but expressed confidence in revenue growth due to strong interest in onshoring U.S. manufacturing [38][39] Question: Can you quantify the excess margin from projects like Trumbull? - Management noted that gross margins reflect strong execution and a favorable project mix, expecting to exceed last year's margin profile [42] Question: Is there an optimal backlog level if most of it is natural gas? - Management stated that backlog levels can fluctuate significantly, but they expect an overall increase in backlog throughout the year [43] Question: What is driving the extended project timelines? - Management attributed the longer timelines primarily to supply chain issues, indicating that the current typical timeframe is three to four years [46]