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IES Holdings, Inc. IESC Infrastructure Solutions — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q3 '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-Q, filed August 7, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does infrastructure solutions — goodwill, purchase accounting adjustments mean?
Reflects retrospective adjustments made to the initial valuation of assets and liabilities acquired in a business combination within the Infrastructure Solutions segment. These adjustments typically occur within the measurement period as new information regarding fair values becomes available. It ensures the accuracy of the acquisition's opening balance sheet.