XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

Business Acquisitions (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed | The following table summarizes the consideration for the acquisitions and the provisional amounts of identified assets acquired and liabilities assumed as of June 30, 2025 (unaudited, in thousands):
|  | Lone Star Paving |  | Overland |  | Mobile Asphalt Company, LLC |  | PRI |  | Total
Cash and cash equivalents |  | $ | 15,168 |  |  | $ | 2,426 |  |  | $ | — |  |  | $ | 1,634 |  |  | $ | 19,228 |
Contracts receivable including retainage |  | 96,740 |  |  | 5,658 |  |  | 6,071 |  |  | 12,244 |  |  | 120,713 |
Cost and estimated earnings in excess of billings on uncompleted contracts |  | 3,972 |  |  | 501 |  |  | 74 |  |  | 1,473 |  |  | 6,020 |
Inventories |  | 26,604 |  |  | 6,414 |  |  | 2,975 |  |  | 964 |  |  | 36,957 |
Prepaid expenses and other current assets |  | 493 |  |  | 1,757 |  |  | 538 |  |  | 250 |  |  | 3,038 |
Property, plant and equipment |  | 408,190 |  |  | 34,791 |  |  | 29,219 |  |  | 49,921 |  |  | 522,121 |
Operating lease right-of-use assets |  | 2,006 |  |  | 33 |  |  | 2,924 |  |  | 176 |  |  | 5,139 |
Intangible assets |  | 53,800 |  |  | 7,900 |  |  | — |  |  | 3,200 |  |  | 64,900 |
Total assets |  | 606,973 |  |  | 59,480 |  |  | 41,801 |  |  | 69,862 |  |  | 778,116 |
Accounts payable |  | 36,810 |  |  | 5,287 |  |  | 2,586 |  |  | 2,427 |  |  | 47,110 |
Billings in excess of costs and estimated earnings on uncompleted contracts |  | 10,293 |  |  | 2,089 |  |  | 168 |  |  | 1,018 |  |  | 13,568 |
Accrued expenses and other current liabilities |  | 4,573 |  |  | 1,597 |  |  | — |  |  | 1,566 |  |  | 7,736 |
Operating lease liabilities |  | 1,949 |  |  | 33 |  |  | 2,924 |  |  | — |  |  | 4,906 |
Total liabilities |  | 53,625 |  |  | 9,006 |  |  | 5,678 |  |  | 5,011 |  |  | 73,320 |
Goodwill |  | 423,859 |  |  | 68,422 |  |  | 18,535 |  |  | 31,549 |  |  | 542,365 |
Total cash consideration transferred |  | 674,201 |  |  | 121,057 |  |  | 54,658 |  |  | 96,057 |  |  | 945,973 |
Fair value of Class A common stock transferred |  | 236,250 |  |  | — |  |  | — |  |  | — |  |  | 236,250 |
Total consideration payable (receivable) |  | 66,756 |  |  | (2,161) |  |  | — |  |  | 343 |  |  | 64,938 |
Total purchase price |  | $ | 977,207 |  |  | $ | 118,896 |  |  | $ | 54,658 |  |  | $ | 96,400 |  |  | $ | 1,247,161 |
Schedule of Pro Forma Revenues and Net Income | The following tables present pro forma revenues and net income as though the acquisitions had occurred on October 1, 2023 (unaudited, in thousands):
| For the Three Months Ended June 30,
| 2025 |  | 2024 |  |
Pro forma revenues | $ | 785,665 |  |  | $ | 764,679 |  |  |
Pro forma net income | $ | 45,101 |  |  | $ | 48,745 |  |  |
| For the Nine Months Ended June 30,
| 2025 |  | 2024 |  |
Pro forma revenues | $ | 2,061,082 |  |  | $ | 1,942,147 |  |  |
Pro forma net income | $ | 70,196 |  |  | $ | 59,291 |  |  |

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration