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IES Holdings, Inc. IESC Infrastructure Solutions — 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 infrastructure solutions — goodwill impairment expense mean?
A loss recorded when the value of acquired businesses in the Infrastructure Solutions segment is determined to be lower than what is currently on the books.
How do you interpret infrastructure solutions — goodwill impairment expense?
An increase signals poor acquisition performance or a decline in the segment's long-term business outlook.
How does infrastructure solutions — goodwill impairment expense compare across companies?
Rare for healthy companies; peers typically report this as a rare, non-recurring event during economic downturns or strategic shifts.