Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 47,957 $ 48,243
Restricted cash 2,479 837
Contracts receivable including retainage, net 275,570 303,704
Costs and estimated earnings in excess of billings on uncompleted contracts 36,120 27,296
Inventories 102,750 84,038
Prepaid expenses and other current assets 10,586 9,306
Total current assets 475,462 473,424
Property, plant and equipment, net 565,351 505,095
Operating lease right-of-use assets 26,721 14,485
Goodwill 181,467 159,270
Intangible assets, net 21,451 19,520
Investment in joint venture 84 87
Restricted investments 15,452 15,079
Other assets 27,412 32,705
Total assets 1,313,400 1,219,665
Current liabilities:    
Accounts payable 141,522 151,406
Billings in excess of costs and estimated earnings on uncompleted contracts 103,453 78,905
Current portion of operating lease liabilities 5,564 2,338
Current maturities of long-term debt 15,000 15,000
Accrued expenses and other current liabilities 24,608 31,534
Total current liabilities 290,147 279,183
Long-term liabilities:    
Long-term debt, net of current maturities and deferred debt issuance costs 423,388 360,740
Operating lease liabilities, net of current portion 21,717 12,649
Deferred income taxes, net 35,438 37,121
Other long-term liabilities 17,727 13,398
Total long-term liabilities 498,270 423,908
Total liabilities 788,417 703,091
Stockholders’ equity:    
Preferred stock, par value $0.001; 10,000,000 shares authorized and no shares issued and outstanding at March 31, 2024 and September 30, 2023 0 0
Additional paid-in capital 272,669 267,330
Accumulated other comprehensive income, net 14,381 18,694
Retained earnings 254,994 246,275
Total stockholders’ equity 524,983 516,574
Total liabilities and stockholders’ equity 1,313,400 1,219,665
Class A Common Stock    
Stockholders’ equity:    
Common stock 44 44
Treasury stock (1,514) (178)
Class B Common Stock    
Stockholders’ equity:    
Common stock 12 12
Treasury stock $ (15,603) $ (15,603)