Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 56,327 $ 48,243
Restricted cash 2,116 837
Contracts receivable including retainage, net 340,684 303,704
Costs and estimated earnings in excess of billings on uncompleted contracts 32,550 27,296
Inventories 104,554 84,038
Prepaid expenses and other current assets 17,955 9,306
Total current assets 554,186 473,424
Property, plant and equipment, net 579,106 505,095
Operating lease right-of-use assets 33,329 14,485
Goodwill 200,333 159,270
Intangible assets, net 20,879 19,520
Investment in joint venture 84 87
Restricted investments 17,016 15,079
Other assets 27,163 32,705
Total assets 1,432,096 1,219,665
Current liabilities:    
Accounts payable 158,617 151,406
Billings in excess of costs and estimated earnings on uncompleted contracts 113,195 78,905
Current portion of operating lease liabilities 7,324 2,338
Current maturities of long-term debt 23,906 15,000
Accrued expenses and other current liabilities 42,975 31,534
Total current liabilities 346,017 279,183
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 453,942 360,740
Operating lease liabilities, net of current portion 26,762 12,649
Deferred income taxes, net 34,895 37,121
Other long-term liabilities 17,539 13,398
Total long-term liabilities 533,138 423,908
Total liabilities 879,155 703,091
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2024 and September 30, 2023 0 0
Additional paid-in capital 275,562 267,330
Accumulated other comprehensive income, net 13,807 18,694
Retained earnings 285,902 246,275
Total stockholders’ equity 552,941 516,574
Total liabilities and stockholders’ equity 1,432,096 1,219,665
Class A Common Stock    
Stockholders’ equity:    
Common stock 44 44
Treasury stock (6,783) (178)
Class B Common Stock    
Stockholders’ equity:    
Common stock 12 12
Treasury stock $ (15,603) $ (15,603)