1 unchanged sentence
Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock trades on the NASDAQ Global Market under the ticker symbol “IESC.”
+Added: Our common stock trades on the N asdaq Global Market under the ticker symbol “IESC.”
As of December 1, 2021, the closing market price of our common stock was $48.21 per share and there were approximately 324 holders of record.
2 unchanged sentences
Stock Repurchase Program
−Removed: In 2015, our Board of Directors authorized a stock repurchase program for the purchase from time to time of up to 1.5 million shares of the Company’s common stock, and on May 2, 2019, authorized the repurchase from time to time of up to an additional 1.0 million shares of the Company's common stock under the stock repurchase program.
+Added: In 2015, our Board of Directors authorized a stock repurchase program for the purchase from time to time of up to 1.5 million shares of the Company’s common stock, and o n May 2, 2019, authorized the repurchase from time to time of up to an additional 1.0 million shares of the Company's common stock under the stock repurchase program.
S hare purchases are made for cash in open market transactions at prevailing market prices or in privately negotiated transactions or otherwise.
3 unchanged sentences
During the year ended September 30, 2021, we repurchased 124,205 shares of common stock at an average price of $ 44.40 per share for a total aggregate purchase price of $5.5 million.
−Removed: The Company had 1.0 million shares remaining under its stock repurchase authorization at September 30, 2020.
+Added: The Company had 869,620 shares remaining under its stock repurchase authorization at September 30, 2021.
The following table presents information with respect to purchases of common stock by the Company during the three months ended September 30, 2021:
5 unchanged sentences
Five-Year Stock Performance Graph
−Removed: The graph below compares the cumulative five year total return provided shareholders on IES Holdings, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index and a customized peer group of four companies that includes:
−Removed: Comfort Systems USA Inc., MYR Group Inc., Sterling Construction Company Inc.
+Added: The graph below compares the cumulative five year total return provided shareholders on IES Holdings, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index, a customized peer group of four companies that includes Comfort Systems USA Inc., MYR Group Inc., Sterling Construction Company Inc.
and Team Inc.
−Removed: An investment of $100 (with reinvestment of all dividends) is assumed to have been made in our common stock, in the Russell 2000 index, and in the peer group on September 30, 2015, and its relative performance is tracked through September 30, 2020 .
+Added: (the "Peer Group (Old)") and a revised customized peer group of four companies that includes:
+Added: Comfort Systems USA Inc., MYR Group Inc., Sterling Construction Company Inc.
+Added: and Primoris (the "Peer Group (New)").
+Added: The change from the Peer Group (Old) to the Peer Group (New) is being made to better reflect companies relevant to the Company's current business.
+Added: An investment of $100 (with reinvestment of all dividends) is assumed to have been made in our common stock, in the Russell 2000 index, and in the two peer groups on September 30, 2016, and its relative performance is tracked through September 30, 2021 .
Comparison of Five Year Cumulative Total Return*
7 unchanged sentences
Russell 2000 100.00 120.74 139.14 126.77 127.27 187.95
−Removed: Peer Group $ 100.00 128.38 164.16 188.77 165.79 175.17
−Removed: Selected Financial Data
−Removed: The following selected consolidated historical financial information for IES should be read in conjunction with the audited historical Consolidated Financial Statements of IES Holdings, Inc.
−Removed: and subsidiaries, and the notes thereto, set forth in Item 8, “ Financial Statements and Supplementary Data” of this Annual Report on Form 10-K.
−Removed: Year Ended September 30,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In Thousands, Except Share Information)
−Removed: Continuing Operations:
−Removed: Revenues $ 1,190,856 $ 1,076,996 $ 876,828 $ 810,744 $ 695,993
−Removed: Cost of services 962,897 894,893 726,866 670,246 569,013
−Removed: Gross profit 227,959 182,103 149,962 140,498 126,980
−Removed: Selling, general and administrative expenses 170,911 140,575 123,920 120,370 100,558
−Removed: Goodwill impairment expense 6,976 — — — —
−Removed: Contingent consideration (11) (374) 103 (145) 652
−Removed: Loss (gain) on sale of assets — 52 (15) (69) 810
−Removed: Operating Income 50,083 41,850 25,954 20,342 24,960
−Removed: Interest and other (income) expense:
−Removed: Interest expense 777 1,857 1,946 1,702 1,282
−Removed: Other (income) expense, net 12 (148) (340) (165) (83)
−Removed: Income from operations before income taxes 49,294 40,141 24,348 18,805 23,761
−Removed: Provision (benefit) for income taxes 8,740 6,663 38,151 5,211 (97,117)
−Removed: Net income (loss) 40,554 33,478 (13,803) 13,594 120,878
−Removed: Net (income) loss attributable to noncontrolling interest 1,045 (272) (354) (172) (100)
−Removed: Net income (loss) attributable to IES Holdings, Inc.
−Removed: $ 41,599 $ 33,206 $ (14,157) $ 13,422 $ 120,778
−Removed: Basic earnings (loss) per share attributable to common shareholders of IES Holdings, Inc.
−Removed: $ 1.96 $ 1.56 $ (0.67) $ 0.62 $ 5.63
−Removed: Diluted earnings (loss) per share attributable to common shareholders of IES Holdings, Inc.
−Removed: $ 1.94 $ 1.55 $ (0.67) $ 0.62 $ 5.62
−Removed: Shares used to calculate earnings (loss) per share:
−Removed: Basic 20,795,892 21,082,012 21,196,388 21,280,549 21,279,342
−Removed: Diluted 21,092,410 21,315,245 21,196,388 21,533,254 21,492,339
−Removed: September 30,
−Removed: 2020 2019 2018 2017 2016
−Removed: (In Thousands)
−Removed: Balance Sheet Data:
−Removed: Cash and cash equivalents $ 53,577 $ 18,934 $ 26,247 $ 28,290 $ 32,961
−Removed: Working capital, exclusive of cash 75,424 84,049 72,029 52,834 43,716
−Removed: Total assets 560,528 445,258 421,994 424,494 394,340
−Removed: Total debt 217 299 29,564 29,434 29,257
−Removed: Total stockholders' equity 283,313 246,248 220,407 236,704 223,405
+Added: Peer Group (Old) 100.00 114.32 139.42 120.88 126.25 221.50
+Added: Peer Group (New) 100.00 140.13 152.89 131.61 144.91 250.50
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.