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Davey Tree Expert

The Davey Tree Expert Company, which was founded in 1880 and incorporated in Ohio in 1909, and its subsidiaries ("we" or "us") provide a wide range of arboricultural, horticultural, environmental and consulting services to our customers throughout the United States and Canada. We have two reportable operating segments organized by type or class of customer: Residential and Commercial, and Utility. Our Residential and Commercial segment provides services to our residential and commercial customers including: the treatment, preservation, maintenance, removal and planting of trees, shrubs and other plant life; the practice of landscaping, grounds maintenance, tree surgery, tree feeding and tree spraying; the application of fertilizer, herbicides and insecticides; and natural resource management and consulting, forestry research and development, and environmental planning.

Company profile

Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Davey Tree Surgery Company • Davey Tree Expert Co. of Canada, Limited • Standing Rock Insurance Company • Davey Resource Group, Inc • Wolf Tree, Inc. ...
IRS number
340176110

Calendar

12 Aug 22
19 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.46M 10.46M 10.46M 10.46M 10.46M 10.46M
Cash burn (monthly) 3.77M 1.93M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 6.05M 3.1M n/a n/a n/a n/a
Cash remaining 4.41M 7.36M n/a n/a n/a n/a
Runway (months of cash) 1.2 3.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 James C Houston Common Stock Other Acquire J No No 18.1 1,500 27.15K 80,627
1 Aug 22 James C Houston Stock Subscription Rights Common Stock Other Acquire J No No 18.1 500 9.05K 500
1 Aug 22 Sears Thea R. Common Stock Other Acquire J No No 18.1 1,000 18.1K 218,880
1 Aug 22 Sears Thea R. Stock Subscription Rights Common Stock Other Acquire J No No 18.1 333 6.03K 333
1 Aug 22 Brown Donald C Common Stock Other Acquire J No No 18.1 7,500 135.75K 81,143
1 Aug 22 Brown Donald C Stock Subscription Rights Common Stock Other Acquire J No No 18.1 2,500 45.25K 2,500
1 Aug 22 Kilbane Catherine M Common Stock Other Acquire J No No 18.1 5,000 90.5K 13,377
1 Aug 22 Kilbane Catherine M Stock Subscription Rights Common Stock Other Acquire J No No 18.1 1,667 30.17K 1,667
1 Aug 22 Paul Joseph R Common Stock Other Acquire J No No 18.1 300 5.43K 290,169
1 Aug 22 Paul Joseph R Stock Subscription Rights Common Stock Other Acquire J No No 18.1 100 1.81K 100

Financial report summary

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Risks
  • Our business, results of operations, financial position or cash flow could in the future be materially adversely impacted by the coronavirus pandemic (COVID-19).
  • Rules and requirements concerning mandatory COVID-19 vaccinations could have a material adverse impact on our business and results of operations.
  • We may be unable to employ a sufficient workforce for our field operations.
  • We may be unable to attract and retain skilled management.
  • We are subject to intense competition.
  • We could be materially adversely affected by wildfires in California and other areas and other severe weather events and natural disasters, including negative impacts to our business, reputation, financial condition, results of operations, liquidity and cash flows.
  • Our business is dependent upon service to our utility customers and we may be affected by developments in the utility industry.
  • We could be negatively impacted if our self-insurance accruals or our insurance coverages prove to be inadequate.
  • The unavailability or cancellation of third-party insurance coverage may have a material adverse effect on our financial condition and results of operations as well as disrupt our operations.
  • Our business is highly seasonal and weather dependent.
  • Financial difficulties or the bankruptcy of one or more of our major customers could adversely affect our results.
  • We are subject to third-party and governmental regulatory claims and litigation and adverse litigation judgments or settlements resulting from those claims could materially adversely affect our business.
  • We are subject to the risk of changes in fuel costs.
  • Disruptions, delays or price increases within our supply chain could adversely affect our results of operations.
  • Global climate change and related regulations could negatively affect our business.
  • Our quarterly results may fluctuate.
  • We may be adversely affected if we enter into a major unprofitable contract.
  • A disruption in our information technology systems, including a disruption related to cybersecurity, could adversely affect our financial performance.
  • We may be adversely affected if our reputation is damaged.
  • Our failure to comply with environmental laws could result in significant liabilities.
  • We may be adversely affected if we are unable to obtain necessary surety bonds or letters of credit.
  • Economic conditions may adversely impact our customers’ future spending as well as pricing and payment for our services, thus negatively impacting our operations and growth.
  • We may not have access to capital in the future due to uncertainties in the financial and credit markets.
  • We are subject to the effect of foreign currency exchange rate fluctuations, which may have a material adverse impact on us.
  • Increases in our health insurance costs and uncertainty about federal health care policies could adversely affect our results of operations and cash flows.
  • Our inability to properly verify the employment eligibility of our employees could adversely affect our business.
  • Increased scrutiny of our environmental, social or governance responsibilities have and will likely continue to result in additional costs and risks and may adversely impact our reputation, employee retention and willingness of customers and suppliers to do business with us.
  • Natural disasters, pandemics, terrorist attacks and other external events could adversely affect our business.
  • We are implementing a new enterprise resource planning system. Our failure to implement it successfully, on time and on budget could have a material adverse effect on us.
  • Because no public market exists for our common shares, the ability of shareholders to sell their common shares may be limited.
  • There can be no assurance that we will continue to declare cash dividends.
Management Discussion
  • Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations.
  • Management’s Discussion and Analysis of Financial Condition and Results of Operations is provided as a supplement to the accompanying condensed consolidated financial statements and notes to help provide an understanding of our financial condition, cash flows and results of operations.
  • We provide a wide range of arboricultural, horticultural, environmental and consulting services to residential, utility, commercial and government entities throughout the United States and Canada.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: absence, captive, composed, correspondingly, director, elevated, greatest, identification, Interbank, led, London, maturity, month, overnight, pledged, portfolio, portion, prepayment, recover, shown, SOFR, subscription, sustained, transition, transportation, wholly
Removed: Aid, computer, lower, side, vaccine