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IES Holdings, Inc. IESC Communications — Goodwill impairment expense

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:GoodwillImpairmentLoss.

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

Questions, answered.

What does communications — goodwill impairment expense mean?
A loss recorded when the value of goodwill in the Communications segment is determined to have decreased.
How do you interpret communications — goodwill impairment expense?
An increase signals potential overpayment for past acquisitions or a deterioration in the segment's competitive position.
How does communications — goodwill impairment expense compare across companies?
Reported by most public companies under GAAP/IFRS when annual impairment testing indicates a loss in asset value.