IES Holdings Earnings Reports

IES Holdings, Inc. reported a substantial increase in revenues and net income for the three months ended March 31, 2025. Revenues rose by 18.2% to $833.96 million, and net income increased by 27.8% to $72.59 million compared to the same period last year. This growth was primarily fueled by strong demand in the data center market and effective project execution across its Communications, Infrastructure Solutions, and Commercial & Industrial segments.

IES Holdings reported an 18% increase in revenue and a 29% increase in operating income for the first quarter of fiscal 2025 compared to the same quarter of the prior year. Strong demand in the data center market benefited the Communications, Infrastructure Solutions, and Commercial & Industrial segments. The company also completed the acquisition of Arrow Engine Company subsequent to the end of the quarter.

IES Holdings reported a strong fourth quarter and fiscal year 2024, with revenue increasing by 20% and operating income increasing by 41% for the quarter. The company's success was driven by strong demand across key end markets and expansion in Residential plumbing and HVAC services.

IES Holdings reported a significant increase in revenue and profitability for Q3 2024. Revenue increased by 31% year-over-year, driven by strong demand in the data center market and expansion of service offerings. Net income attributable to IES increased by 175%, and the company authorized a new $200 million share repurchase program.

IES Holdings reported a significant increase in revenue and profitability for the second quarter of fiscal year 2024. Revenue increased by 24% to $706 million, and operating income increased by 146% to $77.7 million. Net income attributable to IES also increased by 146% to $52.9 million, with diluted earnings per share at $2.29.

IES Holdings reported a strong first quarter in fiscal 2024, with a 10% increase in revenue to $634 million and a 43% increase in operating income to $58.0 million. Net income attributable to IES increased by 55% to $41.0 million, with diluted earnings per share at $1.87. The company remains optimistic for the balance of fiscal 2024, supported by strong demand in key markets and improved operating margins.

IES Holdings reported a 5% increase in revenue to $649 million and a 112% increase in operating income to $53.2 million for the fourth quarter of fiscal 2023. Net income attributable to IES increased by 133% to $37.8 million, with diluted earnings per share at $1.66. Adjusted net income attributable to IES was $39.5 million, an 89% increase, and adjusted diluted earnings per share was $1.74.

IES Holdings reported a 3% increase in revenue to $584 million and a significant increase in operating income to $34.3 million compared to the same quarter last year. Net income attributable to IES was $22.5 million, or $0.81 per diluted share, compared to $9.5 million, or $0.33 per diluted share, in the prior year.

IES Holdings reported a strong second quarter with a 13% increase in revenue, a significant improvement in operating income from a loss to a profit, and a net income of $21.6 million compared to a net loss in the same quarter of the previous year.

IES Holdings reported a strong first quarter for fiscal year 2023, with revenue increasing by 20% to $575 million and operating income significantly improving to $40.7 million, which includes a $13.0 million pretax gain from the sale of STR Mechanical. The company benefited from strong demand, particularly in the Residential segment, and improved operating performance in the Infrastructure Solutions segment.

IES Holdings reported Q4 2022 results with revenue of $617 million, a 28% increase compared to Q4 2021. However, operating income decreased by 17% to $25.0 million, and net income attributable to IES decreased by 28% to $16.2 million. The company's backlog as of September 30, 2022, was approximately $1.3 billion.

IES Holdings reported a 40% increase in revenue for Q3 2022 compared to Q3 2021, but experienced a decrease in operating and net income due to factors including a volatile commodities market, labor inefficiencies, and workforce disruptions related to COVID-19, as well as losses on specific projects.

IES Holdings reported a challenging second quarter with a net loss of $5.4 million, or $0.30 per diluted share, compared to a net income of $12.8 million, or $0.58 per diluted share, in the same quarter last year. The results were negatively impacted by poor project execution, material delays, and workforce disruptions, despite a 51% increase in revenue to $502 million.

IES Holdings reported a strong first quarter for fiscal year 2022, with a 53% increase in revenue and a 27% increase in operating income compared to the same quarter of the previous year. The company's Communications and Residential businesses led the growth, while strategic investments in working capital were made to support business expansion amid supply chain challenges.

IES Holdings reported a strong fourth quarter with a 46% increase in revenue to $484 million and a 109% increase in operating income to $30.1 million. Net income attributable to IES increased 54% to $22.4 million, with diluted earnings per share of $1.07.

IES Holdings reported a 38% increase in revenue to $406 million and a 60% increase in operating income to $22.5 million for the third quarter of fiscal 2021. Net income attributable to IES increased 57% to $19.3 million, with diluted earnings per share of $0.92. The company benefited from strong demand across all operating segments and strategic acquisitions.

IES Holdings reported a strong second quarter with a 14% increase in revenue to $332 million and an 86% increase in operating income to $17.1 million compared to the same quarter last year. Net income attributable to IES increased by 106% to $12.8 million, with diluted earnings per share at $0.58. The company's performance was driven by strategic acquisitions and growth in the Residential and Infrastructure Solutions segments, despite challenges from higher input prices and weather impacts.

IES Holdings reported a strong first quarter in fiscal 2021, with revenue increasing by 14% to $315 million and operating income rising by 28% to $15.9 million. Net income attributable to IES increased by 42% to $12.1 million, or $0.58 per diluted share. The company's performance was driven by significant growth in the Communications and Residential businesses, as well as strategic acquisitions.

IES Holdings reported strong fiscal 2020 fourth quarter results with a 13% increase in revenue compared to the same quarter of fiscal 2019, and a 4% increase in operating income. Net income attributable to IES increased, including goodwill impairment and executive severance charges, as well as a tax benefit. Adjusted net income attributable to IES increased 78%.

IES Holdings reported a 4% increase in revenue to $293 million and a 37% increase in operating income to $14.1 million for the third quarter of fiscal year 2020. Net income attributable to IES was $12.3 million, or $0.58 per diluted share, and adjusted net income was $12.8 million, or $0.61 per diluted share.

IES Holdings reported a revenue of $291 million, a 13.4% increase compared to the same quarter last year. Operating income was $9.2 million, a 12.3% increase. Net income attributable to IES was $6.2 million, or $0.29 per diluted share, while adjusted net income was $8.0 million, or $0.38 per diluted share.

IES Holdings reported a strong first quarter for fiscal year 2020, with revenue reaching $276 million, a 13% increase compared to the previous year. Operating income also saw a significant rise of 31%, reaching $12.4 million. The company's net income attributable to IES was $8.5 million, or $0.39 per diluted share, while adjusted net income was $11.3 million, or $0.54 per diluted share.