Company profile

Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
340176110

Calendar

6 Aug 19
25 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 301.43M 247.89M 280.17M 265.32M
Net income 19.75M -493K 4.51M 8.38M
Diluted EPS 0.82 -0.02 0.13 0.34
Net profit margin 6.55% -0.20% 1.61% 3.16%
Operating income 30.28M 2.97M 16.97M 14.59M
Net change in cash -10.61M 4M 12.15M -1.97M
Cash on hand 16.06M 26.66M 22.66M 10.52M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.02B 915.96M 845.68M 821.9M
Net income 27.98M 22.12M 22.28M 21.8M
Diluted EPS 1.1 0.83 0.82 0.78
Net profit margin 2.73% 2.41% 2.64% 2.65%
Operating income 55.69M 52.19M 48.87M 44.11M
Net change in cash 9.54M 4.12M -7.02M -2.39M
Cash on hand 22.66M 13.12M 9.01M 16.03M

Financial data from company earnings reports

Financial report summary

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Risks
  • We may be unable to employ a sufficient workforce for our field operations.
  • 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.
  • 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 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.
  • We are subject to intense competition.
  • Our business is dependent upon service to our utility customers and we may be affected by developments in the utility industry.
  • We cannot predict the impact that policies regarding changing climate conditions, including legal, regulatory and social responses thereto, may have on our business.
  • Our quarterly results may fluctuate.
  • We may be adversely affected if we enter into a major unprofitable contract.
  • We may be unable to attract and retain skilled management.
  • 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.
  • Because no public market exists for our common shares, your ability to sell your common shares may be limited.
  • Natural disasters, pandemics, terrorist attacks and other external events could adversely affect our business.
  • 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.
Management Discussion
  • Revenues--Revenues of $301,434 increased $30,785 compared with $270,649 in the second quarter of 2018. Utility Services increased $22,696 or 17.7% compared with the second quarter of 2018. The increase is attributable to new accounts as well as increased work year-over-year and price increases on existing accounts. Residential and Commercial Services increased $8,505 or 6.0% from the second quarter of 2018. Increases were primarily in grounds maintenance revenues.
  • Operating Expenses--Operating expenses of $187,778 increased $20,096 compared with the second quarter of 2018. Utility Services increased $13,280 or 13.8% compared with the second quarter of 2018 but, as a percentage of revenue, decreased to 72.3% from 74.8%. The increase is attributable to additional expenses for labor, fuel, equipment maintenance, and crew meals and lodging expenses, which were partially offset by a decrease in a subcontractor expense. Residential and Commercial Services increased $5,414 or 7.7% compared with the second quarter of 2018 and, as a percentage of revenue, increased to 50.4% from 49.5%. The increase is attributable to additional expenses for labor, equipment maintenance, subcontractor expense and tool and parts expense, which were partially offset by a decrease in materials expense.
  • Fuel costs of $9,480 increased $780, or 9.0%, from the $8,700 incurred in the second quarter of 2018 and impacted operating expenses within all segments. The $780 increase included usage increases approximating $190 and price increases approximating $590.
Content analysis ?
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Legalese
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H.S. sophomore Avg
New words: annuity, British, Columbia, ERP, frozen, irrevocably, located, Ontario, pretax, statutory, unconditionally
Removed: determining, finalized, medical, potentially