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IES Holdings, Inc. IESC Commercial and Industrial — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q4 '20

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Other financials

Income statement

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Revenue$974.3M+16.8%
Gross profit$254.8M+22.0%
Operating income$112.3M+21.1%
Net income$110.3M+52.0%
EPS (diluted)$5.44+55.4%

Balance sheet

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Cash & equivalents$48.7M+117%
Total debt$107.4M+108%
Total equity$1.1B+52.0%
Total assets$2.0B+46.1%

Cash flow

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Operating cash flow$103.3M+316%
CapEx$31.8M+87.8%
Free cash flow$71.5M+805%

Valuation

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Market cap$14.19B+187%
Enterprise value$14.25B+187%
P/E37.6×+17.7×
P/S3.9×+2.3×

Profitability

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Gross margin26.1%+1.5pp
Operating margin11.7%+1.1pp
Net margin10.4%+2.4pp
FCF margin6.6%+1.0pp

Returns & leverage

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Return on equity42.5%+2.3pp
Debt / equity0.1×0.0×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by IES Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: IES Holdings, Inc.’s 10-K, filed December 3, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does commercial and industrial — goodwill, purchase accounting adjustments mean?
Corrections or updates to the recorded value of goodwill after the initial acquisition accounting is completed.
How do you interpret commercial and industrial — goodwill, purchase accounting adjustments?
Frequent or large adjustments may signal volatility in the valuation process or uncertainty in the initial assessment of acquired assets.
How does commercial and industrial — goodwill, purchase accounting adjustments compare across companies?
Commonly found in the 'Business Combinations' note for companies undergoing frequent M&A activity.