Todd Shipyards Corp. (TOD) reported net income for the first quarter of $2.6 million or $0.44 per share, compared to $1.5 million or $0.26 per share for the year-ago quarter.
Revenue for the first quarter rose 103% to $70.21 million from $34.64 million in the prior year quarter, mainly due to higher volumes of Coast Guard and Navy vessel maintenance and repair activity and new construction activity for Washington State Ferries.
Revenue for the first quarter rose 103% to $70.21 million from $34.64 million in the prior year quarter, mainly due to higher volumes of Coast Guard and Navy vessel maintenance and repair activity and new construction activity for Washington State Ferries.