Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 132,504 $ 74,686
Restricted cash 564 1,998
Contracts receivable including retainage, net 384,076 350,811
Costs and estimated earnings in excess of billings on uncompleted contracts 35,705 25,966
Inventories 145,208 106,704
Prepaid expenses and other current assets 25,059 24,841
Total current assets 723,116 585,006
Property, plant and equipment, net 1,030,892 629,924
Operating lease right-of-use assets 42,513 38,932
Goodwill 644,206 231,656
Intangible assets, net 88,120 20,549
Investment in joint venture 85 84
Restricted investments 17,473 18,020
Other assets 21,511 17,964
Total assets 2,567,916 1,542,135
Current liabilities:    
Accounts payable 171,608 182,572
Billings in excess of costs and estimated earnings on uncompleted contracts 136,660 120,065
Current portion of operating lease liabilities 10,586 9,065
Current maturities of long-term debt 37,719 26,563
Accrued expenses and other current liabilities 113,176 42,189
Total current liabilities 469,749 380,454
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 1,183,132 486,961
Operating lease liabilities, net of current portion 32,650 30,661
Deferred income taxes, net 53,335 53,852
Other long-term liabilities 17,982 16,467
Total long-term liabilities 1,287,099 587,941
Total liabilities 1,756,848 968,395
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at December 31, 2024 and September 30, 2024 0 0
Additional paid-in capital 527,986 278,065
Accumulated other comprehensive income, net 10,038 7,502
Retained earnings 312,159 315,210
Total stockholders’ equity 811,068 573,740
Total liabilities and stockholders’ equity 2,567,916 1,542,135
Common Class A    
Stockholders’ equity:    
Common stock, value 47 44
Treasury stock, value (23,128) (11,490)
Common Class B    
Stockholders’ equity:    
Common stock, value 12 12
Treasury stock, value $ (16,046) $ (15,603)