CIMCO announced earnings results for the fourth quarter and full year ended December 31, 2019. For the year, revenues decreased $8.4 million (2%) to $334.8 million. Operating income was up by $7.7 million (37%) in 2019, reflecting a one-time charge last year, which did not repeat, and improved project gross margins on better execution in 2019. For the fourth quarter, revenues of $92.1 million were largely unchanged from the record last year. Operating income increased $4.6 million (78%) in the quarter versus last year as the one-time item noted above and improved gross margins were partially offset by higher expense levels.