10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001048268-22-000026`
Period End Date	20211231
Filing Date	20220202
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	iesc-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 36 Cash Flow Statement 64 Stockholders Equity 16

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.11M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.50M	USD	Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.83M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$294.79M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$286.71M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts and Other Receivables, Net, Current	`AccountsAndOtherReceivablesNetCurrent`	$45.74M	USD	Point-in-time
Accounts and Other Receivables, Net, Current	`AccountsAndOtherReceivablesNetCurrent`	$41.34M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$68.57M	USD	Point-in-time
Inventories	`InventoryNet`	$73.77M	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
Costs and estimated earnings in excess of billings	`ContractWithCustomerAssetGrossCurrent`	$52.53M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Costs and estimated earnings in excess of billings	`ContractWithCustomerAssetGrossCurrent`	$43.39M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.84M	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
Total current assets	`AssetsCurrent`	$484.18M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	20.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$496.49M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	20.79M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.26M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.26M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.32M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.45M	USD	Point-in-time
Goodwill	`Goodwill`	$92.39M	USD	Point-in-time
Goodwill	`Goodwill`	$92.39M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$85.62M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$82.09M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$19.01M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$16.82M	USD	Point-in-time
Operating right of use assets	`OperatingLeaseRightOfUseAsset`	$42.53M	USD	Point-in-time
Operating right of use assets	`OperatingLeaseRightOfUseAsset`	$42.92M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$7.05M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$9.64M	USD	Point-in-time
Total assets	`Assets`	$785.23M	USD	Point-in-time
Total assets	`Assets`	$609.37M	USD	Point-in-time
Total assets	`Assets`	$766.62M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$249.11M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$232.55M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`ContractWithCustomerLiabilityCurrent`	$62.49M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`ContractWithCustomerLiabilityCurrent`	$66.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$311.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$298.79M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$67.83M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$39.75M	USD	Point-in-time
Operating long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$27.52M	USD	Point-in-time
Operating long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$28.65M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.56M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$16.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$396.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$404.70M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$24.59M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$24.07M	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`	$29.30M	USD	Point-in-time
Treasury stock, value	`TreasuryStockValue`	$30.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$199.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$201.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$187.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$173.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$283.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$356.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$345.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$295.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$785.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$766.62M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$480.51M	USD	1 Quarter
Revenues	`Revenues`	$314.84M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$256.16M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$400.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.79M	USD	1 Quarter
Contingent consideration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Contingent consideration	`BusinessCombinationIntegrationRelatedCosts`	$69.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$5.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$10.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$15.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$20.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$436.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$172.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-765.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.06M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.85M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.98M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.64M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$15.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$12.21M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$615.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$112.00K	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$14.46M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.70M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.06M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.96M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$15.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$12.21M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-168.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$92.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$47.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$46.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.02M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$5.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$10.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$900.00K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$842.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.17M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.19M	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`	$9.14M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.37M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.47M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.56M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$302.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-23.18M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-14.76M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$8.99M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInContractWithCustomerLiability`	$3.76M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-137.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.31M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.25M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$1.18M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$12.34M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$84.00K	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
Cash paid in conjunction with business combinations	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$500.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.76M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$444.16M	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet`	$25.11M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$10.10M	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$415.94M	USD	1 Quarter
Cash paid for finance leases	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-270.00K	USD	1 Quarter
Cash paid for finance leases	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-110.00K	USD	1 Quarter
Distribution to noncontrolling interest	`ProceedsFromPaymentsToMinorityShareholders`	-	USD	1 Quarter
Distribution to noncontrolling interest	`ProceedsFromPaymentsToMinorityShareholders`	$-1.22M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$695.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$4.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.21M	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`	$-15.28M	USD	1 Quarter
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.83M	USD	Point-in-time
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.58M	USD	Point-in-time
CASH, CASH EQUIVALENTS, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.09M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.83M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.58M	USD	Point-in-time
CASH, CASH EQUIVALENTS, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.09M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$99.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$501.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$19.00K	USD	1 Quarter
Cash paid for income taxes (net)	`IncomeTaxesPaidNet`	$9.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$283.31M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$356.46M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$345.95M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$295.46M	USD	Point-in-time
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$4.80M	USD	1 Quarter
Acquisition of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$695.00K	USD	1 Quarter
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$842.00K	USD	1 Quarter
Non-cash compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$900.00K	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	$118.00K	USD	1 Quarter
Noncontrolling Interest, Change in Redemption Value	`MinorityInterestChangeInRedemptionValue`	$60.00K	USD	1 Quarter
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$12.10M	USD	1 Quarter
Net income (loss) attributable to IES Holdings, Inc.	`NetIncomeLoss`	$14.46M	USD	1 Quarter
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$283.31M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$356.46M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$345.95M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$295.46M	USD	Point-in-time

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