KSW INC (KSW) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06
	10-K	10-K	10-K	10-K	10-K	10-K
Revenues	69.3	76.3	64.5	93.0	77.4	77.2
Revenue growth	-9.2%	18.3%	-30.7%	20.2%	0.3%
Cost of goods sold	61.9	67.9	57.5	80.9	66.8	67.2
Gross profit	7.4	8.4	7.0	12.1	10.6	10.0
Gross margin	10.7%	11.0%	10.9%	13.0%	13.7%	13.0%
Selling, general and administrative	4.8	4.9	5.0	5.3	4.4	4.5
Other operating expenses				0.0	0.1	0.0
EBITDA [+]	2.8	3.7	2.2	6.9	6.1	5.5
EBITDA growth	-24.0%	65.7%	-68.0%	12.8%	11.1%
EBITDA margin	4.0%	4.8%	3.4%	7.5%	7.9%	7.2%
Depreciation and amortization	0.2	0.2	0.2	0.1	0.1	0.1
EBIT [+]	2.6	3.5	2.0	6.8	6.1	5.5
EBIT growth	-24.9%	71.3%	-70.1%	12.6%	11.1%
EBIT margin	3.8%	4.6%	3.2%	7.3%	7.8%	7.1%
Interest income, net [+]	0.1	0.1	0.0	0.4	0.6	0.3
Interest expense	0.1	0.1	0.1	0.0	0.0
Interest income	0.1	0.1	0.1	0.4	0.6	0.3
Other income (expense), net				0.0	0.1	0.0
Pre-tax income	2.7	3.6	2.1	7.2	6.8	5.8
Income taxes	1.1	1.6	0.8	3.0	3.1	2.7
Tax rate	42.2%	44.8%	38.9%	41.2%	45.7%	46.6%
Net income	1.6	2.0	1.3	4.2	3.7	3.1
Net margin	2.2%	2.6%	2.0%	4.6%	4.7%	4.0%

Basic EPS [+]	$0.24	$0.31	$0.20	$0.68	$0.59	$0.52
Growth	-22.0%	53.4%	-69.9%	13.6%	13.8%
Diluted EPS [+]	$0.24	$0.31	$0.20	$0.67	$0.59	$0.51
Growth	-21.9%	54.1%	-69.8%	14.1%	14.7%

Dividends per share [+]	$0.15	$0.17
Growth	-11.8%

Shares outstanding (basic) [+]	6.4	6.3	6.2	6.3	6.2	6.0
Growth	1.0%	1.0%	-0.6%	1.9%	3.6%
Shares outstanding (diluted) [+]	6.4	6.3	6.3	6.3	6.2	6.1
Growth	0.9%	0.6%	-0.8%	1.5%	2.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.