Over the past several months, we have noted instances where our Fabrication Focus strategy has driven improvements and operational successes. As the end of the year approaches, one clear indicator of success relates back to past financial performance. To continue to be relevant, we must be competitive and profitable. To that end, October was the first month in two years where we had a profit in fabrication (profit prior to corporate administrative costs). This doesn’t necessarily mean that the market is changing but is a testament to the team and the Fabrication Focus effort.
The steps we have taken over the course of the year to consolidate, optimize, integrate, and focus have worked and have been impactful. The focus has been on pursuing and winning the right kind of work. We have worked hard to execute well and have seen acknowledgement of that from customer feedback. The team has done a great job controlling costs and continues to do so as revenue has grown over the second half of 2017. We are seeing great team work and coordination with other project groups to achieve multi-service line project commitments; Williams Pine Needle project in North Carolina and Williams Station 62 project in Gibson to name a few.
This has been a team effort and deserves a team recognition for what was involved getting us to this point on an initiative that seemed quite daunting 12 months ago. With that said, we cannot sit back and claim success yet, because there is still progress to be made. But we can look back over the past year, as noted above, and see progress in action as we worked to execute our Fabrication Focus strategy.