10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-248190`
Period End Date	20170630
Filing Date	20170804
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	iesc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 72 Cash Flow Statement 72

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalents`	$260.00K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Trade, net of allowance of $729 and $736, respectively	`AccountsReceivableNetCurrent`	$132.88M	USD	Point-in-time
Trade, net of allowance of $729 and $736, respectively	`AccountsReceivableNetCurrent`	$124.37M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$24.59M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$20.14M	USD	Point-in-time
Inventories	`InventoryNet`	$13.24M	USD	Point-in-time
Inventories	`InventoryNet`	$18.99M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$18.70M	USD	Point-in-time
Costs and estimated earnings in excess of billings	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$15.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.73M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.69M	USD	Point-in-time
Goodwill	`Goodwill`	$39.94M	USD	Point-in-time
Goodwill	`Goodwill`	$45.03M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.72M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$88.87M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$93.55M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.35M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.71M	USD	Point-in-time
Total assets	`Assets`	$277.52M	USD	Point-in-time
Total assets	`Assets`	$417.16M	USD	Point-in-time
Total assets	`Assets`	$394.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$108.82M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$116.25M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCost`	$24.23M	USD	Point-in-time
Billings in excess of costs and estimated earnings	`BillingsInExcessOfCost`	$30.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$146.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$133.05M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$29.26M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$29.41M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.83M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$169.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$180.76M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.71M	USD	Point-in-time
Noncontrolling interest	`MembersEquityAttributableToNoncontrollingInterest`	$1.79M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 shares issued and 21,434,086 and 21,456,539 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 shares issued and 21,434,086 and 21,456,539 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, at cost, 615,443 and 592,990 shares, respectively	`TreasuryStockValue`	$4.78M	USD	Point-in-time
Treasury stock, at cost, 615,443 and 592,990 shares, respectively	`TreasuryStockValue`	$5.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$195.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$196.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$43.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$234.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$223.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$417.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$394.34M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$490.35M	USD	3 Qtrs
Revenues	`Revenues`	$604.16M	USD	3 Qtrs
Revenues	`Revenues`	$208.32M	USD	1 Quarter
Revenues	`Revenues`	$179.60M	USD	1 Quarter
Cost of services	`CostOfServices`	$145.60M	USD	1 Quarter
Cost of services	`CostOfServices`	$400.90M	USD	3 Qtrs
Cost of services	`CostOfServices`	$501.77M	USD	3 Qtrs
Cost of services	`CostOfServices`	$172.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$89.44M	USD	3 Qtrs
Gross profit	`GrossProfit`	$35.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.39M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$89.08M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$72.49M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.77M	USD	1 Quarter
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	$-33.00K	USD	1 Quarter
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	$50.00K	USD	3 Qtrs
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	$66.00K	USD	1 Quarter
Contingent Consideration Expense	`BusinessCombinationIntegrationRelatedCosts`	$332.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$-34.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$-811.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$55.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnDispositionOfAssets`	$68.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$8.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.80M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.33M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$4.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$407.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.28M	USD	3 Qtrs
Interest expense	`InterestExpense`	$299.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$895.00K	USD	3 Qtrs
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$49.00K	USD	3 Qtrs
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$17.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$94.00K	USD	3 Qtrs
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$46.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.96M	USD	3 Qtrs
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.14M	USD	3 Qtrs
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.90M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.35M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.79M	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-3.87M	USD	3 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-1.52M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.87M	USD	1 Quarter
Net Income	`ProfitLoss`	$10.84M	USD	1 Quarter
Net Income	`ProfitLoss`	$10.35M	USD	3 Qtrs
Net Income	`ProfitLoss`	$18.83M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$72.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$31.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$31.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00K	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$18.80M	USD	3 Qtrs
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$10.80M	USD	1 Quarter
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$10.28M	USD	3 Qtrs
Comprehensive income attributable to IES Holdings, Inc.	`NetIncomeLoss`	$5.87M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.88	USD	3 Qtrs
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.48	USD	3 Qtrs
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.87	USD	3 Qtrs
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.48	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.30M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.28M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.30M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.30M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.55M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.46M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.41M	shares	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.87M	USD	1 Quarter
Net income	`ProfitLoss`	$10.84M	USD	1 Quarter
Net income	`ProfitLoss`	$10.35M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.83M	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$274.00K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$31.00K	USD	3 Qtrs
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$229.00K	USD	3 Qtrs
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$263.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.50M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.88M	USD	3 Qtrs
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$68.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainsLossesOnSalesOfAssets`	$-832.00K	USD	3 Qtrs
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$494.00K	USD	3 Qtrs
Deferred Income Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Non-cash compensation expense	`RestrictedStockExpense`	$645.00K	USD	3 Qtrs
Non-cash compensation expense	`RestrictedStockExpense`	$1.33M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.59M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.04M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.92M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$208.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$3.15M	USD	3 Qtrs
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-2.96M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.08M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.10M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.31M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-350.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.61M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$600.00K	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$6.44M	USD	3 Qtrs
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$2.48M	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.31M	USD	3 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-4.84M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.90M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.80M	USD	3 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.20M	USD	3 Qtrs
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$237.00K	USD	3 Qtrs
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$14.66M	USD	3 Qtrs
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$59.70M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-59.65M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-18.22M	USD	3 Qtrs
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$20.03M	USD	3 Qtrs
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$5.31M	USD	3 Qtrs
Repayments of debt	`RepaymentsOfDebt`	$112.00K	USD	3 Qtrs
Repayments of debt	`RepaymentsOfDebt`	$5.33M	USD	3 Qtrs
Contingent Consideration Payment	`Paymentforcontingentconsiderationliabilityfinancingactivities`	-	USD	3 Qtrs
Contingent Consideration Payment	`Paymentforcontingentconsiderationliabilityfinancingactivities`	$448.00K	USD	3 Qtrs
Distribution to Noncontrolling Interest	`PaymentsToMinorityShareholders`	-	USD	3 Qtrs
Distribution to Noncontrolling Interest	`PaymentsToMinorityShareholders`	$153.00K	USD	3 Qtrs
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$207.00K	USD	3 Qtrs
Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$133.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$590.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$891.00K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$260.00K	USD	3 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-260.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.20M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.04M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.55M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.06M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.96M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$651.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$1.11M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.29M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.29M	USD	3 Qtrs

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