2019 Q1 Form 10-Q Financial Statement

#000119312519138305 Filed on May 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q3 2018 Q1
Revenue $256.9M $240.3M $205.7M
YoY Change 24.91% 16.31% 0.99%
Cost Of Revenue $213.7M $199.8M $171.8M
YoY Change 24.35% 18.58% -0.01%
Gross Profit $43.24M $40.52M $33.84M
YoY Change 27.76% 6.34% 6.37%
Gross Profit Margin 16.83% 16.86% 16.45%
Selling, General & Admin $35.07M $31.80M $29.65M
YoY Change 18.29% 1.6% -1.57%
% of Gross Profit 81.11% 78.48% 87.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.474M $2.150M $2.061M
YoY Change 20.04% -21.82% -11.13%
% of Gross Profit 5.72% 5.31% 6.09%
Operating Expenses $35.07M $31.70M $29.65M
YoY Change 18.29% 1.93% -1.57%
Operating Profit $8.216M $8.821M $4.142M
YoY Change 98.36% 25.94% 156.15%
Interest Expense $535.0K -$500.0K $473.0K
YoY Change 13.11% 25.0% 10.51%
% of Operating Profit 6.51% -5.67% 11.42%
Other Income/Expense, Net $112.0K $100.0K $0.00
YoY Change 0.0%
Pretax Income $7.793M $8.300M $3.712M
YoY Change 109.94% 23.88% 201.05%
Income Tax $2.336M $3.700M $1.425M
% Of Pretax Income 29.98% 44.58% 38.39%
Net Earnings $5.489M $4.675M $2.221M
YoY Change 147.14% 48.6% 314.37%
Net Earnings / Revenue 2.14% 1.95% 1.08%
Basic Earnings Per Share $0.26 $0.22 $0.11
Diluted Earnings Per Share $0.26 $0.22 $0.11
COMMON SHARES
Basic Shares Outstanding 21.14M shares 21.21M shares 21.18M shares
Diluted Shares Outstanding 21.38M shares 21.44M shares

Balance Sheet

Concept 2019 Q1 2018 Q3 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.20M $26.20M $35.70M
YoY Change -54.62% -7.42% 71.63%
Cash & Equivalents $16.16M $26.25M $35.71M
Short-Term Investments
Other Short-Term Assets $10.90M $8.100M $9.500M
YoY Change 14.74% -7.95% 53.23%
Inventory $23.73M $20.97M $17.59M
Prepaid Expenses
Receivables $160.9M $151.6M $127.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $262.9M $262.7M $226.6M
YoY Change 16.02% 13.35% 5.25%
LONG-TERM ASSETS
Property, Plant & Equipment $26.52M $25.36M $25.06M
YoY Change 5.85% 2.93% 2.58%
Goodwill $50.62M $50.70M $46.74M
YoY Change 8.31% 8.59% 7.48%
Intangibles $28.46M $30.59M $29.52M
YoY Change -3.58% -2.62% -4.91%
Long-Term Investments
YoY Change
Other Assets $5.662M $6.065M $6.106M
YoY Change -7.27% 60.36% 81.35%
Total Long-Term Assets $154.3M $159.3M $158.4M
YoY Change -2.54% -17.35% -17.8%
TOTAL ASSETS
Total Short-Term Assets $262.9M $262.7M $226.6M
Total Long-Term Assets $154.3M $159.3M $158.4M
Total Assets $417.3M $422.0M $385.0M
YoY Change 8.39% -0.59% -5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $129.7M $130.6M $111.6M
YoY Change 16.22% 8.2% -2.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $162.6M $164.4M $139.4M
YoY Change 16.65% 9.15% -0.6%
LONG-TERM LIABILITIES
Long-Term Debt $19.67M $29.56M $29.57M
YoY Change -33.47% 0.44% 0.66%
Other Long-Term Liabilities $3.655M $4.374M $4.639M
YoY Change -21.21% -1.86% -37.43%
Total Long-Term Liabilities $23.33M $33.94M $34.21M
YoY Change -31.81% 0.14% -7.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $162.6M $164.4M $139.4M
Total Long-Term Liabilities $23.33M $33.94M $34.21M
Total Liabilities $186.0M $198.4M $173.6M
YoY Change 7.1% 7.5% -1.93%
SHAREHOLDERS EQUITY
Retained Earnings $44.79M $32.31M $19.12M
YoY Change 134.22% -30.4% -48.95%
Common Stock $220.0K $220.0K $220.0K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.443M $8.937M $8.108M
YoY Change 4.13% 29.56% 73.77%
Treasury Stock Shares 667.7K shares 844.0K shares 790.4K shares
Shareholders Equity $228.1M $220.4M $208.1M
YoY Change
Total Liabilities & Shareholders Equity $417.3M $422.0M $385.0M
YoY Change 8.39% -0.59% -5.63%

Cashflow Statement

Concept 2019 Q1 2018 Q3 2018 Q1
OPERATING ACTIVITIES
Net Income $5.489M $4.675M $2.221M
YoY Change 147.14% 48.6% 314.37%
Depreciation, Depletion And Amortization $2.474M $2.150M $2.061M
YoY Change 20.04% -21.82% -11.13%
Cash From Operating Activities $10.77M $7.240M $6.170M
YoY Change 74.55% -40.41% -25.66%
INVESTING ACTIVITIES
Capital Expenditures -$1.840M -$1.180M -$1.130M
YoY Change 62.83% 49.37% 3.67%
Acquisitions
YoY Change
Other Investing Activities $10.00K -$1.430M $80.00K
YoY Change -87.5% -74.09% -100.69%
Cash From Investing Activities -$1.830M -$2.600M -$1.050M
YoY Change 74.29% -58.8% -91.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.35M -90.00K -1.300M
YoY Change 926.92% -93.79% 140.74%
NET CHANGE
Cash From Operating Activities 10.77M 7.240M 6.170M
Cash From Investing Activities -1.830M -2.600M -1.050M
Cash From Financing Activities -13.35M -90.00K -1.300M
Net Change In Cash -4.410M 4.550M 3.820M
YoY Change -215.45% 3.64% -176.71%
FREE CASH FLOW
Cash From Operating Activities $10.77M $7.240M $6.170M
Capital Expenditures -$1.840M -$1.180M -$1.130M
Free Cash Flow $12.61M $8.420M $7.300M
YoY Change 72.74% -34.93% -22.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
-111000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2018Q3 us-gaap Goodwill
Goodwill
50702000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
185963000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
66000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9403000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26247000 USD
CY2018Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
171000 USD
CY2019Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1841000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16158000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26520000 USD
CY2018Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
151578000 USD
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1746000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2018Q1 us-gaap Depreciation
Depreciation
2061000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4846000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
8937000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
8443000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30590000 USD
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
31487000 USD
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22049529 shares
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3922000 USD
CY2018Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
130591000 USD
CY2018Q3 iesc Contractsinprocessnet
Contractsinprocessnet
2380000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1456000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-2098000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
220407000 USD
us-gaap Interest Paid
InterestPaid
1008000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2408000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4269000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
175000 USD
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21182268 shares
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
34000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
213679000 USD
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-98000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1425000 USD
CY2018Q1 iesc Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
15000 USD
CY2018Q3 us-gaap Billings In Excess Of Cost
BillingsInExcessOfCost
33826000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
94000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1015000 USD
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29564000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
473000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5662000 USD
CY2019Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 USD
CY2018Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
71000 USD
CY2018Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5411000 USD
CY2019Q1 iesc Estimatedcostofcompetionofbondedproject
Estimatedcostofcompetionofbondedproject
77025000 USD
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
5168000 USD
CY2019Q1 iesc Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
22000 USD
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
220000 USD
CY2019Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2218000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
162636000 USD
CY2018Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
41625000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-97000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-144000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
137000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
68000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
39000 USD
CY2019Q1 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
3163000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2453 pure
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11159000 USD
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8144000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2336000 USD
CY2018Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Repayments Of Debt
RepaymentsOfDebt
109000 USD
CY2018Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
-564000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21379746 shares
CY2019Q1 us-gaap Billings In Excess Of Cost
BillingsInExcessOfCost
32932000 USD
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21205536 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7423000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
2474000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
20966000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
5489000 USD
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
485000 USD
CY2018Q1 iesc Netincomelossattributabletoparentavailabletocommonstockholdersbasic
Netincomelossattributabletoparentavailabletocommonstockholdersbasic
2250000 USD
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
240650 shares
dei Amendment Flag
AmendmentFlag
false
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
69000 USD
CY2018Q3 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
6202000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21139096 shares
CY2019Q1 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
28293000 USD
CY2019Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
100000 USD
CY2018Q3 iesc Estimatedprofitoncontractsinprocess
Estimatedprofitoncontractsinprocess
539226000 USD
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15570000 USD
CY2018Q3 us-gaap Other Inventory
OtherInventory
9599000 USD
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
20000 USD
dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 us-gaap Profit Loss
ProfitLoss
5457000 USD
CY2019Q1 us-gaap Contract Receivable Retainage
ContractReceivableRetainage
22904000 USD
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
44789000 USD
CY2019Q1 us-gaap Revenues
Revenues
256914000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10089000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4142000 USD
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4368000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
417271000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29647000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
43235000 USD
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
41625000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
33840000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
142000 USD
CY2018Q1 us-gaap Revenues
Revenues
205677000 USD
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21440570 shares
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
868000 USD
us-gaap Interest Paid
InterestPaid
788000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
421994000 USD
CY2019Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
5972000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
23729000 USD
CY2019Q1 us-gaap Assets
Assets
417271000 USD
CY2018Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
196810000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6065000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-14945000 USD
CY2018Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
171837000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
43081000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
119000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
2287000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2873000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1229000 USD
CY2018Q3 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
3232000 USD
CY2018Q3 us-gaap Assets Current
AssetsCurrent
262693000 USD
CY2019Q1 iesc Billingstodate
Billingstodate
590928000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
156000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11035000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7793000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Registrant Name
EntityRegistrantName
IES Holdings, Inc.
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
28459000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
535000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
32314000 USD
CY2018Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
4453000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3655000 USD
CY2019Q1 us-gaap Other Inventory
OtherInventory
11171000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3712000 USD
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
843993 shares
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-32000 USD
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
46580000 USD
CY2018Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
43000 USD
CY2018Q3 us-gaap Assets
Assets
421994000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
2221000 USD
CY2018Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1124000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10897000 USD
dei Trading Symbol
TradingSymbol
IESC
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
258302 shares
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25364000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
10144000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10081000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
214000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
112000 USD
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
220000 USD
CY2019Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
-149000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
8216000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
665000 USD
CY2019Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
191579000 USD
CY2018Q3 us-gaap Cost Method Investments
CostMethodInvestments
558000 USD
CY2019Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
10173000 USD
CY2018Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
102000 USD
CY2018Q3 us-gaap Contract Receivable Retainage
ContractReceivableRetainage
24312000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-95000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3929000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
50622000 USD
CY2019Q1 iesc Contractsinprocessnet
Contractsinprocessnet
4639000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21368483 shares
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
160946000 USD
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
96000 USD
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
667682 shares
CY2019Q1 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
6021000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2327000 USD
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21381847 shares
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
755000 USD
CY2019Q1 iesc Performance Obligation Next12 Months
PerformanceObligationNext12Months
376680000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
764000 USD
CY2019Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.2 pure
dei Entity Central Index Key
EntityCentralIndexKey
0001048268
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1328000 USD
CY2019Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
87000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13166000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
523000 USD
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Document Type
DocumentType
10-Q
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-736000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4243000 USD
CY2019Q1 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
-155000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
228145000 USD
CY2019Q1 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.8 pure
CY2018Q3 iesc Billingstodate
Billingstodate
541606000 USD
CY2019Q1 us-gaap Assets Current
AssetsCurrent
262927000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4374000 USD
us-gaap Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract
1921000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35070000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
122000 USD
CY2018Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
747000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
33584000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
7131000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21189641 shares
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
337073000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.29
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2018Q3 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
31446000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
674000 USD
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
19672000 USD
CY2018Q3 us-gaap Liabilities
Liabilities
198355000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
220407000 USD
CY2019Q1 iesc Estimatedprofitoncontractsinprocess
Estimatedprofitoncontractsinprocess
586289000 USD
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
us-gaap Depreciation
Depreciation
4846000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
415920000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21189641 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33584000 USD
us-gaap Interest Expense
InterestExpense
914000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
71000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4243000 USD
us-gaap Net Income Loss
NetIncomeLoss
12373000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21187834 shares
us-gaap Profit Loss
ProfitLoss
12440000 USD
us-gaap Revenues
Revenues
500756000 USD
us-gaap Profit Loss
ProfitLoss
-27226000 USD
us-gaap Interest Expense
InterestExpense
1082000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6358000 USD
us-gaap Net Income Loss
NetIncomeLoss
-27348000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
-115000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
17700000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
67156000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
122000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-95000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
34000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
67000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
141000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
65000 USD
us-gaap Revenues
Revenues
403977000 USD
CY2019Q1 us-gaap Cost Method Investments
CostMethodInvestments
408000 USD
CY2018Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
680000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21424522 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59736000 USD
us-gaap Depreciation
Depreciation
4269000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2327000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
236688 shares
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
225231000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
625000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3200000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
207509000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1229000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
475000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
236704000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1230000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
111000 USD
CY2019Q1 iesc Ownership Percentage Of Common Stock
OwnershipPercentageOfCommonStock
0.575 pure
CY2018Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
44000 USD
CY2019Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
44000 USD
iesc Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
25000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28290000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35713000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26247000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16158000 USD
CY2019Q1 iesc Revenue Recognized On Contract Liabilities
RevenueRecognizedOnContractLiabilities
18114000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
208070000 USD
CY2019Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000 shares
CY2018Q1 iesc Revenue Recognized On Contract Liabilities
RevenueRecognizedOnContractLiabilities
14977000 USD
iesc Revenue Recognized On Contract Liabilities
RevenueRecognizedOnContractLiabilities
24701000 USD
iesc Revenue Recognized On Contract Liabilities
RevenueRecognizedOnContractLiabilities
25575000 USD
CY2019Q1 iesc Performance Obligations
PerformanceObligations
423718000 USD
CY2019Q1 iesc Netincomelossattributabletoparentavailabletocommonstockholdersbasic
Netincomelossattributabletoparentavailabletocommonstockholdersbasic
5467000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
9000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
228145000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5411000 USD
us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
102000 USD
iesc Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
Netincomelossattributabletoparentavailabletocommonstockholdersdiluted
0 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
255146 shares
CY2018Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
631000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1023000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
914000 USD
us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
-101000 USD
CY2019Q1 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
1428000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
674000 USD
iesc Netincomelossattributabletoparentavailabletocommonstockholdersbasic
Netincomelossattributabletoparentavailabletocommonstockholdersbasic
-27304000 USD
iesc Netincomelossattributabletoparentavailabletocommonstockholdersbasic
Netincomelossattributabletoparentavailabletocommonstockholdersbasic
12348000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
718000 USD
CY2019Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
623000 USD
CY2019Q1 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
270000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-680000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-270000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
295000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-115000 USD

Files In Submission

Name View Source Status
0001193125-19-138305-index-headers.html Edgar Link pending
0001193125-19-138305-index.html Edgar Link pending
0001193125-19-138305.txt Edgar Link pending
0001193125-19-138305-xbrl.zip Edgar Link pending
d740684d10q.htm Edgar Link pending
d740684dex1010.htm Edgar Link pending
d740684dex1011.htm Edgar Link pending
d740684dex1012.htm Edgar Link pending
d740684dex102.htm Edgar Link pending
d740684dex105.htm Edgar Link pending
d740684dex106.htm Edgar Link pending
d740684dex107.htm Edgar Link pending
d740684dex108.htm Edgar Link pending
d740684dex109.htm Edgar Link pending
d740684dex311.htm Edgar Link pending
d740684dex312.htm Edgar Link pending
d740684dex321.htm Edgar Link pending
d740684dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g740684g63v77.jpg Edgar Link pending
iesc-20190331.xml Edgar Link completed
iesc-20190331.xsd Edgar Link pending
iesc-20190331_cal.xml Edgar Link unprocessable
iesc-20190331_def.xml Edgar Link unprocessable
iesc-20190331_lab.xml Edgar Link unprocessable
iesc-20190331_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending