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)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:91,95775,77028,55815,1295,245 
Cash and cash equivalents87,456 28,55815,1295,245 
Short-term investments4,501     
Other undisclosed cash, cash equivalents, and short-term investments  75,770    
Receivables474,684368,359425,951342,251363,351390,022
Inventory, net of allowances, customer advances and progress billings113,77495,655102,594106,31199,62696,333
Inventory113,77495,655102,594106,31199,62696,333
Other undisclosed current assets47,176131,51247,364128,243121,120138,043
Total current assets:727,591671,296604,467591,934589,342624,398
Noncurrent Assets
Operating lease, right-of-use asset62,56061,76153,81154,20656,72855,890
Property, plant and equipment65,42363,41056,56055,07353,85054,426
Intangible assets, net (including goodwill)145,536148,603152,862155,987159,133164,331
Goodwill92,39592,39592,39592,39592,39592,395
Intangible assets, net (excluding goodwill)53,14156,20860,46763,59266,73871,936
Deferred income tax assets20,28020,38314,94315,43820,96920,519
Other noncurrent assets20,62916,14717,08516,45016,79415,145
Total noncurrent assets:314,428310,304295,261297,154307,474310,311
TOTAL ASSETS:1,042,019981,600899,728889,088896,816934,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:294,947296,797261,099278,138281,447316,950
Accounts payable  138,591   184,963
Accrued liabilities9,33440,3178,0097,6327,69536,827
Other undisclosed accounts payable and accrued liabilities285,613117,889253,090270,506273,75295,160
Deferred revenue126,962103,771109,11994,82995,44284,936
Total current liabilities:421,909400,568370,218372,967376,889401,886
Noncurrent Liabilities
Long-term debt and lease obligation    14,17341,997119,772
Long-term debt, excluding current maturities    14,17341,99781,628
Liabilities, other than long-term debt76,49881,09669,90167,60466,64622,570
Liability for uncertainty in income taxes22,31222,04719,240   
Other liabilities11,84916,95114,52530,92027,88322,570
Operating lease, liability42,33742,09836,13636,68438,76338,144
Total noncurrent liabilities:76,49881,09669,90181,777108,643142,342
Total liabilities:498,407481,664440,119454,744485,532544,228
Equity
Equity, attributable to parent488,643449,985415,102397,751378,051361,288
Common stock220220220220220220
Treasury stock, value(49,521)(49,450)(49,478)(49,751)(49,653)(44,000)
Additional paid in capital203,986203,431202,406201,958200,940201,871
Retained earnings333,958295,784261,954245,324226,544203,197
Equity, attributable to noncontrolling interest54,96949,95144,50736,59333,23329,193
Total equity:543,612499,936459,609434,344411,284390,481
TOTAL LIABILITIES AND EQUITY:1,042,019981,600899,728889,088896,816934,709

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

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Revenues634,444649,021584,451568,881574,874617,405
Cost of revenue
(Cost of Goods and Services Sold)
(490,640)(508,455)(476,842)(467,955)(479,436)(519,509)
Gross profit:143,804140,566107,609100,92695,43897,896
Operating expenses(85,814)(87,380)(73,290)(69,316)(54,777)(72,862)
Operating income:57,99053,18634,31931,61040,66125,034
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,3935321891,768(695)806
Interest and debt expense(397)(398)(391)(1,049)(1,184)(1,230)
Income from continuing operations before income taxes:58,98653,32034,11732,32938,78224,610
Income tax expense(15,398)(12,313)(8,263)(8,157)(10,028)(6,518)
Income from continuing operations:43,58841,00725,85424,17228,75418,092
Income before gain (loss) on sale of properties:18,092
Net income:43,58841,00725,85424,17228,75418,092
Net loss attributable to noncontrolling interest(2,632)(3,218)(3,308)(2,621)(2,352)(1,847)
Net income attributable to parent:40,95637,78922,54621,55126,40216,245
Undistributed earnings (loss) allocated to participating securities, basic  20  (11)11
Net income available to common stockholders, diluted:40,95637,80922,54621,55126,39116,256

Comprehensive Income ($ in thousands)

3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
Net income:43,58841,00725,85424,17228,75418,092
Comprehensive income:43,58841,00725,85424,17228,75418,092
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,632)(3,218)(3,308)(2,621)(2,352)(1,847)
Comprehensive income, net of tax, attributable to parent:40,95637,78922,54621,55126,40216,245

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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