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| Washington Group reports record quarterly net income Washington Group International announced financial results for its second quarter ended June 30, 2006. Net income was $28.7 million, which represent record quarterly results. New work awarded in the 2006 second quarter was $834.6 million, compared to $741.5 million in the 2005 second quarter. In the second quarter, the company generated revenue of $890.1 million, up 15 percent from the $773.2 million in the 2005 second quarter. Operating income was $48.7 million in the quarter, compared to an operating loss of $6.5 million in the 2005 second quarter. Backlog at the end of the quarter was $4.7 billion. The company ended the quarter with $292.1 million of cash on hand and no debt. write your comments about the article :: © 2006 Construction News :: home page |