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| Baker reports preliminary 1Q results Michael Baker Corporation reported its preliminary and unaudited financial information for the first quarter of 2008. For the first three months of 2008, the company estimates total contract revenues will be in the range of $172 to $177 million. Revenues in the engineering segment increased by more than 15 percent from the year-ago three-month period. From a balance sheet perspective, at March 31, 2008, Michael Baker had no long-term debt, and a cash balance of approximately $26 million. Total estimated backlog for the company was approximately $1.3 billion at March 31, 2008, which equals the total estimated backlog at December 31, 2007. write your comments about the article :: © 2008 Construction News :: home page |