Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS

v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 114,336 $ 74,686
Restricted cash 1,969 1,998
Contracts receivable including retainage, net 464,529 350,811
Costs and estimated earnings in excess of billings on uncompleted contracts 54,564 25,966
Inventories 148,541 106,704
Prepaid expenses and other current assets 25,504 24,841
Total current assets 809,443 585,006
Property, plant and equipment, net 1,147,613 629,924
Operating lease right-of-use assets 70,323 38,932
Goodwill 775,756 231,656
Intangible assets, net 81,864 20,549
Investment in joint venture 72 84
Restricted investments 21,954 18,020
Other assets 18,816 17,964
Total assets 2,925,841 1,542,135
Current liabilities:    
Accounts payable 244,123 182,572
Billings in excess of costs and estimated earnings on uncompleted contracts 124,152 120,065
Current portion of operating lease liabilities 17,548 9,065
Current maturities of long-term debt 38,500 26,563
Accrued expenses and other current liabilities 127,875 42,189
Total current liabilities 552,198 380,454
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 1,392,639 486,961
Operating lease liabilities, net of current portion 53,225 30,661
Deferred income taxes, net 52,989 53,852
Other long-term liabilities 21,462 16,467
Total long-term liabilities 1,520,315 587,941
Total liabilities 2,072,513 968,395
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at June 30, 2025 and September 30, 2024 0 0
Additional paid-in capital 535,259 278,065
Accumulated other comprehensive income, net 5,485 7,502
Retained earnings 360,421 315,210
Total stockholders’ equity 853,328 573,740
Total liabilities and stockholders’ equity 2,925,841 1,542,135
Class A Common Stock    
Stockholders’ equity:    
Common stock 47 44
Treasury stock (31,850) (11,490)
Class B Common Stock    
Stockholders’ equity:    
Common stock 12 12
Treasury stock $ (16,046) $ (15,603)