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)

9/30/2023
12/31/2022
MRQ
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:5,245    26,247
Cash and cash equivalents 5,245    26,247
Other undisclosed cash, cash equivalents, and short-term investments      
Receivables363,351390,022307,152223,726197,608151,578
Inventory, net of allowances, customer advances and progress billings99,62696,33368,57324,88921,54320,966
Inventory99,62696,33368,57324,88921,54320,966
Other undisclosed current assets121,120138,043108,455122,83577,30463,902
Total current assets:589,342624,398484,180371,450296,455262,693
Noncurrent Assets
Operating lease, right-of-use asset56,72855,89042,91631,786 
Property, plant and equipment53,85054,42635,45424,58925,74625,364
Intangible assets, net (including goodwill)159,133164,331178,01493,12077,24581,292
Goodwill92,39592,39592,39553,76350,62250,702
Intangible assets, net (excluding goodwill)66,73871,93685,61939,35726,62330,590
Deferred income tax assets20,96920,51919,00933,803 
Other noncurrent assets16,79415,1457,0495,7804,9386,065
Deferred tax assets, net46,580
Other undisclosed noncurrent assets     40,874 
Total noncurrent assets:307,474310,311282,442189,078148,803159,301
TOTAL ASSETS:896,816934,709766,622560,528445,258421,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:281,447316,950249,114186,710152,909130,591
Accounts payable 184,963136,96793,31585,276 
Accrued liabilities7,69536,82734,51225,98424,805 
Other undisclosed accounts payable and accrued liabilities273,75295,16077,63567,41142,828130,591
Deferred revenue95,44284,93662,48655,739 
Other undisclosed current liabilities     40,56333,826
Total current liabilities:376,889401,886311,600242,449193,472164,417
Noncurrent Liabilities
Long-term debt and lease obligation 41,997119,77268,39520,74729929,564
Long-term debt, excluding current maturities 41,99781,62839,74621729929,564
Liabilities, other than long-term debt66,64622,57016,08012,2151,9454,374
Liability for uncertainty in income taxes      
Other liabilities27,88322,57016,08012,2151,9454,374
Operating lease, liability38,76338,14428,64920,530 
Total noncurrent liabilities:108,643142,34284,47532,9622,24433,938
Total liabilities:485,532544,228396,075275,411195,716198,355
Equity
Equity, attributable to parent378,051361,288345,953283,313246,248220,407
Common stock220220220220220220
Treasury stock, value(49,653)(44,000)(29,300)(24,499)(12,483)(8,937)
Additional paid in capital200,940201,871201,899200,587192,911196,810
Retained earnings226,544203,197173,134107,00565,60032,314
Equity, attributable to noncontrolling interest33,23329,19324,5941,8043,294 
Total equity:411,284390,481370,547285,117249,542220,407
Other undisclosed liabilities and equity      3,232
TOTAL LIABILITIES AND EQUITY:896,816934,709766,622560,528445,258421,994

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues2,261,1732,166,8081,536,4931,190,8561,076,996876,828
Cost of revenue
(Cost of Goods and Services Sold)
(1,926,532)(1,847,878)(1,248,495)(962,897)(894,893)(726,866)
Gross profit:334,641318,930287,998227,959182,103149,962
Operating expenses(258,233)(262,922)(202,415)(177,898)(140,253)(124,008)
Other undisclosed operating income    22  
Operating income:76,40856,00885,58350,08341,85025,954
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
33(37)286(12)148 
Interest and debt expense(3,718)(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:72,72353,00184,90749,29440,14124,348
Income tax expense(18,862)(12,815)(16,231)(8,740)(6,663)(38,151)
Income (loss) from continuing operations:53,86140,18668,67640,55433,478(13,803)
Income (loss) before gain (loss) on sale of properties:25,10740,18668,67640,55433,478(13,803)
Net income (loss):53,86140,18668,67640,55433,478(13,803)
Net income (loss) attributable to noncontrolling interest(7,161)(5,424)(2,018)1,045(272)(354)
Net income (loss) attributable to parent:46,70034,76266,65841,59933,206(14,157)
Undistributed earnings (loss) allocated to participating securities, basic52156575(256) 
Other undisclosed net income available to common stockholders, basic      44
Net income (loss) available to common stockholders, diluted:46,70534,78366,71442,17432,950(14,113)

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):53,86140,18668,67640,55433,478(13,803)
Comprehensive income (loss):53,86140,18668,67640,55433,478(13,803)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7,161)(5,424)(2,018)1,045(272)(354)
Comprehensive income (loss), net of tax, attributable to parent:46,70034,76266,65841,59933,206(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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