RE: RE: $130 million Clean-up..Bids closed May 11" Commenting on the results, Jack Shaw, president and chief executive officer, stated: "Current inventory levels represent approximately two months of processing. We are optimistic that based on outstanding proposals and expected bid opportunities that we will be able to increase this amount prior to commencing processing. Operating costs are controlled and consistent with expectations. "
Even if they only get 4 months of processing contract from this $130 million, they will generate about $16 to $18 million in gross sales and their net profit margin is 40 % so they would earn $6 to $7 million which will go to the bottom line.
But, they may have much bigger fish to fry too.