10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001048268-21-000030`
Period End Date	20201231
Filing Date	20210205
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	iesc-20201231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 17

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.58M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.61M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.28M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted Cash	`RestrictedCash`	-	USD	Point-in-time
Restricted Cash	`RestrictedCash`	$4.81M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$213.02M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$214.95M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$41.82M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$40.88M	USD	Point-in-time
Inventories	`InventoryNet`	$24.89M	USD	Point-in-time
Inventories	`InventoryNet`	$33.30M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Costs and estimated earnings in excess of billings	`ContractWithCustomerAssetGrossCurrent`	$23.84M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Costs and estimated earnings in excess of billings	`ContractWithCustomerAssetGrossCurrent`	$29.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.15M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.88M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	20.77M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	20.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$371.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$358.88M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.28M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.29M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.59M	USD	Point-in-time
Goodwill	`Goodwill`	$53.76M	USD	Point-in-time
Goodwill	`Goodwill`	$86.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$62.82M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$39.36M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$29.76M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.80M	USD	Point-in-time
Operating right of use assets	`OperatingLeaseRightOfUseAsset`	$31.79M	USD	Point-in-time
Operating right of use assets	`OperatingLeaseRightOfUseAsset`	$36.61M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.69M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$5.78M	USD	Point-in-time
Total assets	`Assets`	$609.37M	USD	Point-in-time
Total assets	`Assets`	$560.53M	USD	Point-in-time
Total assets	`Assets`	$469.87M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$184.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$186.71M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`ContractWithCustomerLiabilityCurrent`	$64.73M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`ContractWithCustomerLiabilityCurrent`	$55.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$242.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$249.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$14.49M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$217.00K	USD	Point-in-time
Operating long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$20.53M	USD	Point-in-time
Operating long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$23.91M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$13.91M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$12.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$275.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$301.31M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.80M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$12.59M	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, value	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, value	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, value	`TreasuryStockValue`	$24.98M	USD	Point-in-time
Treasury stock, value	`TreasuryStockValue`	$24.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$201.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$200.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$119.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$107.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$254.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$295.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$283.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$246.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$560.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$609.37M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$314.84M	USD	1 Quarter
Revenues	`Revenues`	$276.04M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$256.16M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$225.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$50.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.79M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$10.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$36.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$15.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$12.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$172.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$239.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-141.00K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.85M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.00M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.47M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.64M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$12.21M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$8.53M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$112.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$28.00K	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.88M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.15M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.06M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$12.21M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$8.53M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$21.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-168.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$101.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$46.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.36M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$10.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$36.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$931.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$842.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.01M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.32M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInContractWithCustomerAsset`	$-6.10M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInContractWithCustomerAsset`	$-1.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.29M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.47M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-74.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$302.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-14.76M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-22.77M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$4.99M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$8.99M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-6.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.25M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.18M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.39M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$46.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$12.00K	USD	1 Quarter
Cash paid in conjunction with business combinations	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$54.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.34M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.94M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$25.11M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$104.19M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$10.10M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$104.19M	USD	1 Quarter
Cash paid for finance leases	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-110.00K	USD	1 Quarter
Distribution to noncontrolling interest	`ProceedsFromPaymentsToMinorityShareholders`	$-457.00K	USD	1 Quarter
Distribution to noncontrolling interest	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$858.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$695.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.21M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.31M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-21.48M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$8.36M	USD	1 Quarter
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.09M	USD	Point-in-time
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.93M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.30M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.09M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.93M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$273.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$99.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$-707.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$19.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$254.78M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$295.46M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$283.31M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$246.25M	USD	Point-in-time
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$858.00K	USD	1 Quarter
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$695.00K	USD	1 Quarter
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$931.00K	USD	1 Quarter
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$842.00K	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	$118.00K	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	$-45.00K	USD	1 Quarter
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-214.00K	USD	Point-in-time
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$8.50M	USD	1 Quarter
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$254.78M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$295.46M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$283.31M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$246.25M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.