$IESC

INTEGRATED ELECTRICAL SERVICES INC

CIK:0001048268|SEC Filings

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 1,242,697	$ 890,158	$ 3,087,939	$ 2,473,665
Cost of services	902,035	650,561	2,272,475	1,847,172
Gross profit	340,662	239,597	815,464	626,493
Selling, general and administrative expenses	162,167	127,334	426,424	346,417
Loss (gain) on sale of assets	(181)	23	118	(156)
Operating income (loss)	178,547	111,902	388,535	279,216
Interest expense	(1,007)	(534)	(3,004)	(1,318)
Gain (Loss) on Investments	26,218	(3,311)	80,406	4,581
Other (income) expense, net	1,081	694	3,481	2,618
Provision for (benefit from) income taxes	(51,293)	(29,464)	(118,018)	(75,537)
Income (Loss) from Equity Method Investments			4,226	0
Net income (loss)	153,546	79,287	355,626	209,560
Net income attributable to noncontrolling interest	(572)	(2,057)	(1,304)	(5,375)
Net Income (Loss) Available to Common Stockholders, Basic	$ 152,974	$ 77,230	$ 354,322	$ 204,185
Earnings Per Share, Basic	$ 7.67	$ 3.86	$ 17.76	$ 10.16
Earnings Per Share, Diluted	$ 7.57	$ 3.81	$ 17.52	$ 10.03
Weighted Average Number of Shares Outstanding, Basic	19,924,154	19,856,289	19,912,529	19,938,694
Weighted Average Number of Shares Outstanding, Diluted	20,197,707	20,104,257	20,186,894	20,188,035
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	$ 204,839	$ 108,751	$ 469,418	$ 285,097
Business Combination, Contingent Consideration, Change in Contingent Consideration, Asset, Increase (Decrease)	$ 129	$ 338	$ 387	$ 1,016

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net income (loss)	$ 355,626	$ 209,560
Bad debt expense	618	679
Deferred financing cost amortization	458	323
Depreciation and amortization	45,715	34,699
Gain (Loss) on Disposition of Property Plant Equipment	118	(156)
Non-cash compensation expense	11,133	9,416
Deferred income taxes	314	477
Unrealized Gain (Loss) on Investments	(56,078)	(4,098)
Business Combination, Achieved in Stages, Preacquisition Equity Interest in Acquiree, Remeasurement, Gain	(2,818)	0
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	(4,226)	0
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI	(153,889)	(27,714)
Accounts receivable	(149,131)	(64,223)
Inventories	(19,942)	4,467
Costs and estimated earnings in excess of billings	(41,995)	(14,605)
Prepaid expenses and other current assets	(43,529)	(14,275)
Other non-current assets	225	(1,368)
Accounts payable and accrued expenses	107,675	24,047
Billings in excess of costs and estimated earnings	179,785	(4,169)
Other non-current liabilities	9,363	1,035
Net cash provided by operating activities	239,421	154,095
Capital expenditures	(123,042)	(47,270)
Proceeds from sale of assets	611	680
Payments to Acquire Businesses, Net of Cash Acquired	143,108	22,609
Net cash used in investing activities	(265,539)	(114,099)
Proceeds from Long-Term Lines of Credit	190,000	996,400
Repayments of Long-Term Lines of Credit	(190,000)	(976,400)
Finance Lease, Principal Payments	3,360	3,251
Distribution to noncontrolling interest	(889)	(7,536)
Purchase of treasury stock	(19,526)	(41,593)
Net cash used in financing activities	(23,775)	(32,380)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(49,893)	7,616
CASH, CASH EQUIVALENTS, beginning of period	127,171	100,832
CASH, CASH EQUIVALENTS, end of period	77,278	108,448
Cash paid for interest	2,047	564
Cash paid for income taxes (net)	105,264	94,078
Payments to Acquire Investments	$ 0	$ (44,900)

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 77,278	$ 127,171
Accounts receivable	722,544	552,158
Accounts and Other Receivables, Net, Current	139,021	99,930
Inventories	133,602	111,536
Costs and estimated earnings in excess of billings	120,459	69,229
Prepaid expenses and other current assets	31,109	20,870
Total current assets	1,534,595	1,085,481
Property and equipment, net	353,811	183,231
Goodwill	129,577	107,830
Intangible assets, net	54,237	41,645
Equity Method Investments	63,888	59,662
Deferred tax assets	23,283	16,055
Operating right of use assets	105,559	88,388
Other non-current assets	10,766	13,369
Total assets	2,275,716	1,595,661
Accounts payable and accrued expenses	584,148	456,646
Billings in excess of costs and estimated earnings	357,580	176,782
Total current liabilities	941,728	633,428
Long-term debt		0
Operating long-term lease liabilities	76,943	61,967
Liability for Uncertainty in Income Taxes, Noncurrent	8,371	6,755
Other non-current liabilities	14,161	5,549
Total liabilities	1,041,203	707,699
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 5,271	$ 4,007
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred stock, value	$ 0	$ 0
Common stock, value	220	220
Treasury stock, value	(140,026)	(127,751)
Additional paid-in capital	214,554	210,668
Retained earnings	1,154,494	800,818
Total stockholders' equity	1,229,242	883,955
Total liabilities and stockholders' equity	2,275,716	1,595,661
Marketable Securities, Current	310,582	$ 104,587
Restricted Cash	$ 0
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0