Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 74,686 $ 48,243
Restricted cash 1,998 837
Contracts receivable including retainage, net 350,811 303,704
Costs and estimated earnings in excess of billings on uncompleted contracts 25,966 27,296
Inventories 106,704 84,038
Prepaid expenses and other current assets 24,841 9,306
Total current assets 585,006 473,424
Property, plant and equipment, net 629,924 505,095
Operating lease right-of-use assets 38,932 14,485
Goodwill 231,656 159,270
Intangible assets, net 20,549 19,520
Investment in joint venture 84 87
Restricted investments 18,020 15,079
Other assets 17,964 32,705
Total assets 1,542,135 1,219,665
Current liabilities:    
Accounts payable 182,572 151,406
Billings in excess of costs and estimated earnings on uncompleted contracts 120,065 78,905
Current portion of operating lease liabilities 9,065 2,338
Current maturities of long-term debt 26,563 15,000
Accrued expenses and other current liabilities 42,189 31,534
Total current liabilities 380,454 279,183
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 486,961 360,740
Operating lease liabilities, net of current portion 30,661 12,649
Deferred income taxes, net 53,852 37,121
Other long-term liabilities 16,467 13,398
Total long-term liabilities 587,941 423,908
Total liabilities 968,395 703,091
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized at September 30, 2024 and September 30, 2023 and no shares issued and outstanding 0 0
Additional paid-in capital 278,065 267,330
Accumulated other comprehensive income, net 7,502 18,694
Retained earnings 315,210 246,275
Total stockholders’ equity 573,740 516,574
Total liabilities and stockholders’ equity 1,542,135 1,219,665
Class A Common Stock    
Stockholders’ Equity:    
Common stock, value 44 44
Treasury stock (11,490) (178)
Class B Common Stock    
Stockholders’ Equity:    
Common stock, value 12 12
Treasury stock $ (15,603) $ (15,603)