Recently we had our Annual Stockholders Meetings for 2018. It was exciting to share our results with our stockholders and see old faces as well as meet some new ones. We meet to inform our stockholders of ESOP Trustees’ roles and responsibilities and ESOP eligibility, vesting, distribution rules, qualifying events, contributions, dividends and share price. We shared the exciting news that this year’s share price increased by 7.5%. We also shared the past 10-year history of our share price, net worth, revenues and profits. I love to see the excitement in the room as we share this information and show how all our hard work has paid off. In addition, we share the business side of contracting with years of cash flow, backlog, work acquired, capital expenditures and our business plan versus actual results. We share this information to show how you play a special role in the outcome of our business results as we strive to be a best-in-class contractor.
This year we invited Senior Project Managers to showcase some of our larger and more interesting projects currently under construction. Some of the projects included California Highspeed Rail, 24th Street, BNSF yard, Pier E, Devil’s Gate Dam, and Los Angeles World Airport’s LULEP Project. Ryan Aukerman gave a report on our current operations and ongoing training efforts. Our field teams are doing an amazing job building our projects at or better than our budgets. I would like to give kudos to them for a job well done. Without the hard work or our trained tradesmen and our hard-working Foremen and Superintendents this level of success would not be possible. With the solid economy and strong funding, it looks like there is no slowing down in the next few years. So, congratulations, stockholders, and keep up the good work!