IES Holdings Inc. (IESC) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 RIVERWAY
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1731 - Electrical Work (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:75,770    26,247
Cash and cash equivalents     26,247
Short-term investments      
Other undisclosed cash, cash equivalents, and short-term investments 75,770     
Receivables368,359390,022307,152223,726197,608151,578
Inventory, net of allowances, customer advances and progress billings95,65596,33368,57324,88921,54320,966
Inventory95,65596,33368,57324,88921,54320,966
Other undisclosed current assets131,512138,043108,455122,83577,30463,902
Total current assets:671,296624,398484,180371,450296,455262,693
Noncurrent Assets
Operating lease, right-of-use asset61,76155,89042,91631,786 
Property, plant and equipment63,41054,42635,45424,58925,74625,364
Intangible assets, net (including goodwill)148,603164,331178,01493,12077,24581,292
Goodwill92,39592,39592,39553,76350,62250,702
Intangible assets, net (excluding goodwill)56,20871,93685,61939,35726,62330,590
Deferred income tax assets20,38320,51919,00933,803 
Other noncurrent assets16,14715,1457,0495,7804,9386,065
Deferred tax assets, net46,580
Other undisclosed noncurrent assets     40,874 
Total noncurrent assets:310,304310,311282,442189,078148,803159,301
TOTAL ASSETS:981,600934,709766,622560,528445,258421,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:296,797316,950249,114186,710152,909130,591
Accounts payable 138,591184,963136,96793,31585,276 
Accrued liabilities40,31736,82734,51225,98424,805 
Other undisclosed accounts payable and accrued liabilities117,88995,16077,63567,41142,828130,591
Deferred revenue103,77184,93662,48655,739 
Other undisclosed current liabilities     40,56333,826
Total current liabilities:400,568401,886311,600242,449193,472164,417
Noncurrent Liabilities
Long-term debt and lease obligation  119,77268,39520,74729929,564
Long-term debt, excluding current maturities  81,62839,74621729929,564
Liabilities, other than long-term debt81,09622,57016,08012,2151,9454,374
Liability for uncertainty in income taxes22,047     
Other liabilities16,95122,57016,08012,2151,9454,374
Operating lease, liability42,09838,14428,64920,530 
Total noncurrent liabilities:81,096142,34284,47532,9622,24433,938
Total liabilities:481,664544,228396,075275,411195,716198,355
Equity
Equity, attributable to parent449,985361,288345,953283,313246,248220,407
Common stock220220220220220220
Treasury stock, value(49,450)(44,000)(29,300)(24,499)(12,483)(8,937)
Additional paid in capital203,431201,871201,899200,587192,911196,810
Retained earnings295,784203,197173,134107,00565,60032,314
Equity, attributable to noncontrolling interest49,95129,19324,5941,8043,294 
Total equity:499,936390,481370,547285,117249,542220,407
Other undisclosed liabilities and equity      3,232
TOTAL LIABILITIES AND EQUITY:981,600934,709766,622560,528445,258421,994

Income Statement (P&L) ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues2,377,2272,166,8081,536,4931,190,8561,076,996876,828
Cost of revenue
(Cost of Goods and Services Sold)
(1,932,688)(1,847,878)(1,248,495)(962,897)(894,893)(726,866)
Gross profit:444,539318,930287,998227,959182,103149,962
Operating expenses(284,763)(262,922)(202,415)(177,898)(140,253)(124,008)
Other undisclosed operating income    22  
Operating income:159,77656,00885,58350,08341,85025,954
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,794(37)286(12)148 
Interest and debt expense(3,022)(2,970)(962)(777)(1,857)(1,946)
Other undisclosed income from continuing operations before equity method investments, income taxes      340
Income from continuing operations before income taxes:158,54853,00184,90749,29440,14124,348
Income tax expense(38,761)(12,815)(16,231)(8,740)(6,663)(38,151)
Income (loss) from continuing operations:119,78740,18668,67640,55433,478(13,803)
Income (loss) before gain (loss) on sale of properties:40,18668,67640,55433,478(13,803)
Net income (loss):119,78740,18668,67640,55433,478(13,803)
Net income (loss) attributable to noncontrolling interest(11,499)(5,424)(2,018)1,045(272)(354)
Net income (loss) attributable to parent:108,28834,76266,65841,59933,206(14,157)
Undistributed earnings (loss) allocated to participating securities, basic112156575(256) 
Other undisclosed net income available to common stockholders, basic      44
Net income (loss) available to common stockholders, diluted:108,29934,78366,71442,17432,950(14,113)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):119,78740,18668,67640,55433,478(13,803)
Comprehensive income (loss):119,78740,18668,67640,55433,478(13,803)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11,499)(5,424)(2,018)1,045(272)(354)
Comprehensive income (loss), net of tax, attributable to parent:108,28834,76266,65841,59933,206(14,157)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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