Company profile

Ticker
GV
Exchange
CEO
John H. Sottile
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
880031580

GV stock data

(
)

Calendar

6 Nov 19
11 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 44.73M 44.38M 47.48M 36.69M
Net income 1.16M 819.12K 1.78M 663.74K
Diluted EPS 0.05 0.03 0.07 0.03
Net profit margin 2.60% 1.85% 3.75% 1.81%
Operating income 2.07M 1.65M 2.92M 852.75K
Net change in cash 5.15M 436.3K 3.66M -2.18M
Cash on hand 20.62M 15.47M 15.04M 11.38M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 138.15M 113.95M 130.42M 120.57M
Net income 5.03M 8.3M 13M 4.49M
Diluted EPS 0.2 0.33 0.51 0.18
Net profit margin 3.64% 7.28% 9.97% 3.73%
Operating income 7.56M 10.19M 21.41M 8.78M
Net change in cash -7.15M -2.07M 9.23M 1.55M
Cash on hand 11.38M 18.53M 20.6M 11.37M

Financial data from Goldfield earnings reports

Financial report summary

?
Risks
  • We derive a significant portion of our revenue from a small group of customers. The loss of one or more of these customers could negatively impact our revenue and results of operations.
  • The electrical construction industry is highly competitive.
  • Our business is affected by the spending patterns of our customers, exposing us to variable quarterly results.
  • An adverse change in economic conditions in the electric utility industry might reduce the demand for our services.
  • Skilled labor shortages and increased labor costs may negatively affect our ability to compete for new projects.
  • Our revenue recognition accounting policies may result in a reduction or elimination of previously reported profits.
  • We possess a significant amount of accounts receivable and costs and estimated earnings in excess of billings assets.
  • Amounts included in our backlog may not result in revenue or translate into profits.
  • Our projects are subject to numerous hazards. If we do not maintain an adequate safety record, we may be ineligible to bid on certain projects, may be terminated from existing projects and may have difficulty procuring adequate insurance.
  • An inability to obtain bonding would have a negative impact on our operations and results.
  • Our capital expenditures may fluctuate as a result of changes in business requirements.
  • We may be unable to secure sufficient independent subcontractors to fulfill our obligations, or our independent subcontractors may fail to satisfy their obligations.
  • Our failure to properly manage projects, or project delays, may result in additional costs or claims, which could have a material adverse effect on our operating results, cash flows and liquidity.
  • Our business may be affected by difficult work sites and environments, which could cause delays and increase our costs.
  • Our unionized workforce and related obligations could adversely affect our operations.
  • We may be required to contribute cash to meet our underfunded obligations in certain multi-employer pension plans.
  • Adverse weather conditions and climate change risk expose us to variable quarterly results.
  • Our operating results may vary significantly from period-to-period.
  • Our actual costs may be greater than expected in performing our fixed-price and unit-price contracts.
  • We could be adversely affected by the loss of key management personnel.
  • We engage in real estate activities which are speculative and involve a high degree of risk.
  • Changes in national and regional economic conditions, as well as local economic conditions where we conduct our real estate development operations and where prospective purchasers of our homes live, can have a negative impact on our business. Adverse changes in employment levels, job growth, consumer confidence, interest rates and population growth may reduce demand and depress prices for our homes. This, in turn, can reduce our earnings.
  • The residential real estate development industry is highly competitive and, if others are more successful, our business could decline.
  • If land is not available at reasonable prices, our sales and earnings could decrease.
  • If the market value of our land and developments drops significantly, our profits could decrease.
  • Government regulations and legal challenges may delay the start or completion of our developments, increase our expenses or limit our building activities, which could have a negative impact on our operations.
  • Increases in taxes or government fees could increase our costs, and adverse changes in tax laws could reduce customer demand for our homes.
  • Our real estate business is concentrated in Florida, which increases our exposure to local adverse events.
  • Adverse weather conditions and conditions in nature beyond our control could significantly impact our revenue and profitability.
  • If we experience shortages of labor and supplies or other circumstances beyond our control, there could be delays or increased costs in developing our homes, which could adversely affect our operating results.
  • Product liability litigation and warranty claims that arise in the ordinary course of business may be costly, which could adversely affect our business.
  • If we are not able to obtain suitable financing, our business may decline.
  • If our potential customers are not able to obtain suitable financing, our business may decline.
  • We depend upon the availability and skill of subcontractors.
  • We rely on outside professionals whose errors could increase our costs.
  • Our revenue and operating results have fluctuated in the past and may continue to do so in the future.
  • We may be subject to environmental liabilities that could adversely affect our results of operations or the value of our properties.
  • Increased insurance risk could negatively affect our business.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We could be adversely affected by environmental liabilities associated with our former mining business.
  • The violation of our debt covenants imposed by our credit facility could impact our access to that credit facility and therefore our cash flows.
Management Discussion
  • We make “forward-looking statements” within the meaning of the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995 throughout this document. You can identify these statements by forward-looking words such as “may,” “will,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” and “continue” or similar words. We have based these statements on our current expectations about future events. Although we believe that our expectations reflected in or suggested by our forward-looking statements are reasonable, we cannot assure you that these expectations will be achieved. Our actual results may differ materially from what we currently expect. Factors that may affect the results of our operations include, among others: the level of construction activities by public utilities; the concentration of revenue from a limited number of utility customers; the loss of one or more significant customers; the timing and duration of construction projects for which we are engaged; our ability to estimate accurately with respect to fixed-price construction contracts; and heightened competition in the electrical construction field, including intensification of price competition. Other factors that may affect the results of our operations include, among others: adverse weather; natural disasters; effects of climate changes; changes in generally accepted accounting principles; ability to obtain necessary permits from regulatory agencies; our ability to maintain or increase historical revenue and profit margins; general economic conditions, both nationally and in our region; adverse legislation or regulations; availability of skilled construction labor and materials and material increases in labor and material costs; and our ability to obtain additional and/or renew financing. Other important factors which could cause our actual results to differ materially from the forward-looking statements in this document include, but are not limited to, those discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as those discussed elsewhere in this report and as set forth from time to time in our other public filings and public statements. In addition to the other information included in this report and our other public filings and releases, a discussion of factors affecting our business is included in our Annual Report on Form 10-K for the year ended December 31, 2018 under “Item 1A. Risk Factors” and should be considered while evaluating our business, financial condition, results of operations and prospects.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: commensurate, compelling, grew, reimbursed, return, runoff, thousand
Removed: assumed, capitalized, caption, disaggregation, input, lower, prescribed, storm