Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 101,855 $ 74,686
Restricted cash 1,729 1,998
Contracts receivable including retainage, net 409,209 350,811
Costs and estimated earnings in excess of billings on uncompleted contracts 46,488 25,966
Inventories 146,901 106,704
Prepaid expenses and other current assets 23,330 24,841
Total current assets 729,512 585,006
Property, plant and equipment, net 1,103,392 629,924
Operating lease right-of-use assets 56,336 38,932
Goodwill 745,040 231,656
Intangible assets, net 79,916 20,549
Investment in joint venture 72 84
Restricted investments 20,220 18,020
Other assets 19,038 17,964
Total assets 2,753,526 1,542,135
Current liabilities:    
Accounts payable 199,210 182,572
Billings in excess of costs and estimated earnings on uncompleted contracts 136,303 120,065
Current portion of operating lease liabilities 14,234 9,065
Current maturities of long-term debt 40,375 26,563
Accrued expenses and other current liabilities 123,488 42,189
Total current liabilities 513,610 380,454
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 1,319,325 486,961
Operating lease liabilities, net of current portion 42,728 30,661
Deferred income taxes, net 52,407 53,852
Other long-term liabilities 17,587 16,467
Total long-term liabilities 1,432,047 587,941
Total liabilities 1,945,657 968,395
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at March 31, 2025 and September 30, 2024 0 0
Additional paid-in capital 531,279 278,065
Accumulated other comprehensive income, net 7,379 7,502
Retained earnings 316,374 315,210
Total stockholders’ equity 807,869 573,740
Total liabilities and stockholders’ equity 2,753,526 1,542,135
Class A Common Stock    
Stockholders’ equity:    
Common stock 47 44
Treasury stock (31,176) (11,490)
Class B Common Stock    
Stockholders’ equity:    
Common stock 12 12
Treasury stock $ (16,046) $ (15,603)