Read moreĪdditionally, we invested in our. Our Residential segment's selling, general. Our Communications segment's selling, general. Our Infrastructure Solutions segment's selling. Read moreĢ020 Compared to 2019 Consolidated. Read moreĢ021 Compared to 2020 Consolidated. Read moreĬosts and estimated earnings in. Read moreīusiness Outlook While there are. Our Infrastructure Solutions segment's gross. Read moreĬontract costs include all direct. Read moreĭuring the year ended September. Read moreĬhanges in job performance, job. The increased expense for the year ended Septemincludes a reserve for credit losses related to a commercial dispute, as well as an increase in legal fees.ĭuring the year ended September 30, 2021, our current assets exclusive of cash increased to $461.1 million, as compared to $317.9 million as of September 30, 2020, primarily as a result of a $73.7 million increase in trade accounts receivable, and a $43.7 million increase in inventory.Īdditionally, during the fourth fiscal.
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The increase in gross profit was driven primarily by higher volumes and improved commodity prices. Gross profit as a percentage of revenue increased to 19.8% from 17.6% for the year ended September 30, 2020, as we took on a larger proportion of fixed-cost arrangements and we benefited efficiency gains from strong project execution. Gross margin as a percentage of revenue increased from 20.7% to 22.8% during the year ended September 30, 2020, as compared with the year ended September 30, 2019, as we benefited from improved commodity prices and the increased scale of our operations. Other Inside Ies Holdings, Inc.'s 10-K Annual Report: