- Reed Trucking & Excavating
- 2026
- 16
- 6
- 37.50%
- $13,298,005
- 7.55%
- 8.77%
- 10.04%
- $51,611,234

Recent bidding momentum produced a **37.5%** success rate and **$13.3M** in 2026 awards, yet the **$5.2M** remaining backlog across four long-duration projects implies limited near-term revenue recognition. Slow mobilization on the largest contracts could constrain cash flow through year-end.
Medium-term Outlook (6-12 months)
Sustained **37.5%** win rates should replenish backlog and support steadier operations, but the **120-month** contract durations will stretch recognition of the current **$5.2M** balance. Revenue growth remains dependent on converting additional 2026 bids into executed work.
Key Risk Period
The sharp volume increase from **$5.0M** awarded in 2025 to **$13.3M** in 2026 creates exposure if bidding success declines or project starts lag. Extended durations amplify cash-flow pressure during any gap in new awards.
Recommendations
Prioritize rapid mobilization of the four active projects and maintain aggressive bidding to expand backlog above **$5.2M**. Monitor monthly burn rates closely to protect liquidity through the transition.
- Ridgetop Waaga Way Water Main Extension
- Silverdale WD
- 7/2/26
- Renton School Pedestrian Crossing No 2
- Renton
- 6/23/26
- 120th Avenue NE Roadway Rehabilitation
- Kirkland
- 6/18/26
- Bethel Road SE Water Main Replacement
- West Sound Utility District
- 2/26/26
- Lund Harris Chase Corridor Improvements CRP 2583 2629
- Kitsap County
- 2/3/26
- US 101 Safety Improvement
- Aberdeen
- 1/22/26
- 16th Avenue S Ditch Decommissioning Stormwater Improvements
- Des Moines
- $1,040,557
- 7/29/26
- 44th Avenue West Underpass Pedestrian Bicycle Improvement
- Lynnwood
- $7,669,312
- 7/21/26
- 2026 Sidewalk Repair
- Lacey
- $1,550,000
- 7/9/26
- Ridgetop Waaga Way Water Main Extension
- Silverdale WD
- $817,775
- 7/2/26
- Renton School Pedestrian Crossing No 2
- Renton
- $668,755
- 6/23/26
- 120th Avenue NE Roadway Rehabilitation
- Kirkland
- $3,332,047
- 6/18/26
- Madrona Connection 337
- Lacey
- $2,790,070
- 6/17/26
- 164th Avenue SE Extension PRVs
- Covington Water District
- $2,774,472
- 6/3/26
- 122nd Avenue East 146th St Ct E 136th St E CRP 5763
- Pierce County
- $9,928,596
- 5/29/26
- Eastrail NE Spring Boulevard Trail Link
- Bellevue
- $6,243,611
- 5/21/26
- W North Bend Way NW 8th Street Roundabout
- North Bend
- $3,824,157
- 5/20/26
- Sumner 2026 Sidewalk Repair Program CIP 25 03
- Sumner
- $1,318,965
- 5/19/26
- Bethel Road SE Water Main Replacement
- West Sound Utility District
- $3,328,611
- 2/26/26
- Lund Harris Chase Corridor Improvements CRP 2583 2629
- Kitsap County
- $3,100,000
- 2/3/26
- US 101 Safety Improvement
- Aberdeen
- $2,050,817
- 1/22/26
- Safe Routes Schools 104th St E CRP 5939
- Pierce County
- $1,173,489
- 1/14/26
- Ridgetop Waaga Way Water Main Extension
- Silverdale WD
- $817,775
- 08/31/26
- 120
- 0%
- -
- $817,775
- Safe Routes Schools 104th St E CRP 5939
- Renton
- $668,755
- 08/22/26
- 120
- 4.2%
- $167,189
- $640,890
- Safe Routes Schools 104th St E CRP 5939
- Kirkland
- $3,332,047
- 08/17/26
- 120
- 8.3%
- $833,012
- $3,054,376
- $1,000,201
- $4,513,041


