Company mentioned specialty Contractors revenue was down due to reduced activities on certain electrical projects in California, Washington and New York.

Q4 Gross margin improved by 237 bps to 13.3%; operating margin improved by 270 bps to 7.6%.

Why Investors Are Calling ASDN the TPC of the Sky!

Cash flow from operations for the quarter was $56.2M; and Cash provided by operating activities YTD was $21.4M, compared to $163.55M a year ago.

Company had Cash, cash equivalents and restricted cash at end of year of $119.63M.

Total backlog was at $9.29B (+28% Y/Y), with double-digit Y/Y backlog growth across all segments; and a book to burn ratio of 1.45.

FY19 Guidance: EPS $2 to $2.3; and expects double-digit revenue growth and higher operating margins across all segments.

Gray Television (NYSE:GTN) is up 13% after hitting record revenues in its Q4 report, with strong political-ad contributions and its second-best Q4 profit.

Net income was $88.3M, down 47% from a year-ago $165.6M that was boosted by an income tax benefit of $134.4M.

Revenues rose 40% Y/Y, with a boost not only from the election cycle but also higher retransmission consent rates.

Broadcast cash flow more than doubled to a record $172.8M.

Revenue breakout: Local (including Internet/digital/mobile), $117.4M (down 3%); National, $30.6M (down 4%); Political, $83.2M (up 1,015%); Retransmission consent, $92.96M (up 34%).

The company also added former Fox News standby Greta Van Susteren as its chief national political analyst. She’ll support the company’s local newsrooms with national coverage and work on developing two nationally syndicated shows with Gray.

Wow the future of Autonomous flight is finally here with the launch of ASDN passenger drone Elroy