- K Barnett & Sons
- 2026
- 1
- 1
- 100.00%
- $41,520,718
- 15.80%
- 0.00%
- 15.80%
- $41,520,718

Recent 2024 wins totaling **$3.8M** across five projects, including the **$894,690** Curry Road L award, will drive initial revenue ramps as mobilization begins on active contracts. The **$64.5M** backlog supports steady cash inflows from ongoing phases of shorter-cycle work.
Medium-term Outlook (6-12 months)
Execution on 2023-2024 awards such as the **$4.4M** Curry REBID and **$2.4M** Clovis Effluent project will maintain positive cash flow momentum through 2025. Progressive drawdown of the **$64.5M** backlog across multiple 100+ month contracts provides predictable revenue visibility.
Key Risk Period
Beyond 12 months, completion of legacy high-value projects from 2018-2022 creates potential backlog gaps if new awards do not offset the **$64.5M** run-off at historical volumes.
Recommendations
Accelerate bidding activity in NM to replenish backlog ahead of legacy project wind-downs and negotiate accelerated milestone payments on long-duration contracts to optimize cash timing.

