2015 Q3 Form 10-Q Financial Statement

#000119312515281996 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $159.7M $144.1M $136.2M
YoY Change 17.54% 5.79% 12.04%
Cost Of Revenue $129.3M $119.0M $113.5M
YoY Change 13.92% 4.85% 7.18%
Gross Profit $30.43M $25.05M $22.67M
YoY Change 36.33% 10.53% 44.8%
Gross Profit Margin 19.05% 17.39% 16.64%
Selling, General & Admin $22.80M $20.50M $19.10M
YoY Change 15.74% 7.33% 15.23%
% of Gross Profit 74.93% 81.83% 84.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $700.0K $636.0K $629.0K
YoY Change 9.37% 1.11% -20.88%
% of Gross Profit 2.3% 2.54% 2.78%
Operating Expenses $22.70M $20.50M $19.10M
YoY Change 15.23% 7.33% 15.23%
Operating Profit $7.727M $4.552M $3.566M
YoY Change 195.15% 27.65% -393264.28%
Interest Expense -$300.0K -$300.0K $348.0K
YoY Change 0.0% -186.21% 93448.39%
% of Operating Profit -3.88% -6.59% 9.76%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income $7.300M $4.300M $3.217M
YoY Change 217.39% 33.66% -610.63%
Income Tax -$200.0K $339.0K $422.0K
% Of Pretax Income -2.74% 7.88% 13.12%
Net Earnings $7.479M $3.957M $2.673M
YoY Change 251.13% 48.04% -334.89%
Net Earnings / Revenue 4.68% 2.75% 1.96%
Basic Earnings Per Share $0.35 $0.19 $0.14
Diluted Earnings Per Share $0.35 $0.19 $0.14
COMMON SHARES
Basic Shares Outstanding 21.52M shares 21.32M shares 21.77M shares
Diluted Shares Outstanding 21.37M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.40M $44.80M $22.20M
YoY Change 4.44% 101.8% 47.02%
Cash & Equivalents $49.36M $44.82M $22.24M
Short-Term Investments
Other Short-Term Assets $3.000M $4.400M $4.100M
YoY Change -3.23% 7.32% -64.35%
Inventory $13.98M $13.80M $25.70M
Prepaid Expenses
Receivables $92.98M $112.1M $92.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $189.0M $175.0M $144.2M
YoY Change 12.55% 21.36% 109617.03%
LONG-TERM ASSETS
Property, Plant & Equipment $11.68M $11.90M $10.20M
YoY Change 14.67% 16.67% 187641.58%
Goodwill $17.25M
YoY Change 15.05%
Intangibles $4.723M
YoY Change 34.83%
Long-Term Investments $900.0K
YoY Change 0.0%
Other Assets $2.984M $4.200M $5.900M
YoY Change -14.74% -28.81% 113013.5%
Total Long-Term Assets $36.64M $37.51M $34.66M
YoY Change 14.52% 8.22% -77.1%
TOTAL ASSETS
Total Short-Term Assets $189.0M $175.0M $144.2M
Total Long-Term Assets $36.64M $37.51M $34.66M
Total Assets $225.7M $212.5M $178.9M
YoY Change 12.87% 18.81% 18.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.90M $74.30M $71.50M
YoY Change 12.03% 3.92% 9.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000K $3.500M
YoY Change 109343.4%
Total Short-Term Liabilities $108.1M $101.1M $96.50M
YoY Change 12.72% 4.77% 106103.98%
LONG-TERM LIABILITIES
Long-Term Debt $9.203M $10.20M $7.583M
YoY Change -9.85% 34.51% 454789.02%
Other Long-Term Liabilities $6.983M $7.100M $7.048M
YoY Change -0.87% 0.74% 106413.53%
Total Long-Term Liabilities $16.19M $17.30M $14.63M
YoY Change -6.18% 18.24% 176517.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $108.1M $101.1M $96.50M
Total Long-Term Liabilities $16.19M $17.30M $14.63M
Total Liabilities $124.3M $118.4M $112.8M
YoY Change 9.84% 4.97% 113345.64%
SHAREHOLDERS EQUITY
Retained Earnings -$88.03M -$106.7M
YoY Change -15.82% 98648.77%
Common Stock $220.0K $182.0K
YoY Change 0.0% 118081.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.401M $2.376M
YoY Change 83.83% 83591.44%
Treasury Stock Shares 573.8K shares 523.4K shares 279.1K shares
Shareholders Equity $101.4M $94.10M $66.06M
YoY Change
Total Liabilities & Shareholders Equity $225.7M $212.5M $178.9M
YoY Change 12.22% 18.81% 117978.47%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $7.479M $3.957M $2.673M
YoY Change 251.13% 48.04% -334.89%
Depreciation, Depletion And Amortization $700.0K $636.0K $629.0K
YoY Change 9.37% 1.11% -20.88%
Cash From Operating Activities $5.300M $1.470M $3.130M
YoY Change -23.19% -53.04% 21.32%
INVESTING ACTIVITIES
Capital Expenditures -$390.0K -$760.0K -$550.0K
YoY Change -30.36% 38.18% 96.43%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.110M $0.00
YoY Change
Cash From Investing Activities -$390.0K -$3.870M -$550.0K
YoY Change -30.36% 603.64% 89.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -360.0K -40.00K -880.0K
YoY Change -101.92% -95.45% 41.94%
NET CHANGE
Cash From Operating Activities 5.300M 1.470M 3.130M
Cash From Investing Activities -390.0K -3.870M -550.0K
Cash From Financing Activities -360.0K -40.00K -880.0K
Net Change In Cash 4.550M -2.440M 1.700M
YoY Change -81.87% -243.53% 1.8%
FREE CASH FLOW
Cash From Operating Activities $5.300M $1.470M $3.130M
Capital Expenditures -$390.0K -$760.0K -$550.0K
Free Cash Flow $5.690M $2.230M $3.680M
YoY Change -23.73% -39.4% 28.67%

Facts In Submission

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17843885 shares
iesc Weighted Average Number Of Shares Outstanding Diluted Before Rights Offering
WeightedAverageNumberOfSharesOutstandingDilutedBeforeRightsOffering
17900991 shares
CY2014Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
527000 USD
CY2014Q2 us-gaap Depreciation
Depreciation
629000 USD
us-gaap Depreciation
Depreciation
1806000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2385000 USD
us-gaap Depreciation
Depreciation
1891000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1422000 USD
CY2014Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
91000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
283000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
267000 USD
CY2014Q3 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
4560000 USD
CY2014Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
569000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
6000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3246000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
161000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-15000 USD
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-112000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015Q2 us-gaap Assets
Assets
212506000 USD
CY2014Q2 us-gaap Assets
Assets
178857000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3112000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22243000 USD

Files In Submission

Name View Source Status
0001193125-15-281996-index-headers.html Edgar Link pending
0001193125-15-281996-index.html Edgar Link pending
0001193125-15-281996.txt Edgar Link pending
0001193125-15-281996-xbrl.zip Edgar Link pending
d17842d10q.htm Edgar Link pending
d17842dex311.htm Edgar Link pending
d17842dex312.htm Edgar Link pending
d17842dex321.htm Edgar Link pending
d17842dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g17842g93h94.jpg Edgar Link pending
iesc-20150630.xml Edgar Link completed
iesc-20150630.xsd Edgar Link pending
iesc-20150630_cal.xml Edgar Link unprocessable
iesc-20150630_def.xml Edgar Link unprocessable
iesc-20150630_lab.xml Edgar Link unprocessable
iesc-20150630_pre.xml Edgar Link unprocessable
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