Page 11 - 2022 Shareholders Report

DELIVERY GROUPS

GRIFOLS WASTEWATER TREATMENT PLANT EXPANSION
CLAYTON, NORTH CAROLINA

INDUSTRIAL WATER AVIATION & AEROSPACE MANUFACTURING
The Industrial Water Division has grown over The Aviation & Aerospace Manufacturing Division
700% in the past three years and expects strong began 2022 with key revenue-generating projects LAMB WESTON WASTEWATER TREATMENT PLANT
AMERICAN FALLS, IDAHO
contribution to continue into 2023. The division in active construction, including JAA Boeing MRO
was awarded $149.1 million in sales, almost five Hangar, Blue Origin 2CAT Tank Cleaning and
BLUE ORIGIN 2CAT
times the $30 million sales goal. It was able to Testing Facility, TUI Airways Terminal Expansion MERRITT ISLAND, FLORIDA
successfully convert many engineering-only at the Orlando Melbourne International Airport
projects to full EPC construction projects, resulting (MLB), Blue Origin Warehouse Expansion and
in $88.4 million in revenue against a goal of $33.5 the Amazon Data Center project. This resulted in
million. The bottom-line contribution for the revenue of $226.3 million, exceeding the goal of
division was $9.08 million, nearly three times the $124 million. However, fee write downs on the MLB
established goal of $3.12 million. Additional sales are terminal and Blue Origin 2CAT projects caused
expected from Nestle Glendale WRC, the remainder the contribution to fall to $6.01 million, below its
of Project Alpha for Lamb Weston, Starbucks Coffee goal of $10.4 million. The division also fell short of
Company, the Grifols Wastewater Treatment Plant its sales goal with $108.4 million in sales against a
Expansion and confidential projects, positioning $150 million goal. Looking ahead, 2023 is promising
Industrial Water for another strong year. with expected sales coming from GMP conversions
on Dassault Falcon Jet MRO and All Points
Spacecraft Processing Facility at Cape Canaveral.

2022 Annual Report to Shareholders ◆ Haskell 9