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
Corporate docs
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
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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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 |
Recent insider trades
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
?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
?Positive | ||
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Readability |
H.S. freshman Avg
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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
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
7 Jul 22
8-K
Results of Operations and Financial Condition
2 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Departure of Directors or Certain Officers
9 Mar 22
8-K
Results of Operations and Financial Condition
24 Nov 21
8-K
Entry into a Material Definitive Agreement
21 Sep 21
8-K
Results of Operations and Financial Condition
27 Aug 21
8-K
Entry into a Material Definitive Agreement
23 Aug 21
8-K
Entry into a Material Definitive Agreement
20 May 21
8-K
Results of Operations and Financial Condition
17 May 21
Registration and prospectus
S-8
Registration of securities for employees
29 Sep 21
S-8
Registration of securities for employees
18 May 16
S-8
Registration of securities for employees
4 May 15
S-8 POS
Registration of securities for employees (post-effective amendment)
4 May 15
S-8 POS
Registration of securities for employees (post-effective amendment)
4 May 15
S-8
Registration of securities for employees
22 May 14
S-8
Registration of securities for employees
11 Mar 13
S-8
Registration of securities for employees
10 Mar 11
S-8
Registration of securities for employees
31 Mar 05
S-8
Registration of securities for employees
27 Mar 97
Proxies
DEFA14A
Additional proxy soliciting materials
26 Apr 22
DEFA14A
Additional proxy soliciting materials
1 Apr 22
DEFA14A
Additional proxy soliciting materials
2 Apr 21
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
DEF 14A
Definitive proxy
4 Apr 18
Ownership
4
DAVEY TREE EXPERT / JOSEPH EDWARD DAY III ownership change
2 Aug 22
4
DAVEY TREE EXPERT / ERIKA J. SCHOENBERGER ownership change
2 Aug 22
4
DAVEY TREE EXPERT / Brent R Repenning ownership change
2 Aug 22
4
DAVEY TREE EXPERT / PATRICK M COVEY ownership change
2 Aug 22
4
DAVEY TREE EXPERT / Christopher J Bast ownership change
2 Aug 22
4
DAVEY TREE EXPERT / Gregory M Ina ownership change
2 Aug 22
4
DAVEY TREE EXPERT / JOSEPH R PAUL ownership change
2 Aug 22
4
DAVEY TREE EXPERT / CATHERINE M KILBANE ownership change
2 Aug 22
4
DAVEY TREE EXPERT / Donald C Brown ownership change
2 Aug 22
4
DAVEY TREE EXPERT / Thea R. Sears ownership change
2 Aug 22