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Dec 31, 2019
IES Holdings Q1 2020 Earnings Report
IES Holdings reported first quarter results for fiscal year 2020, with revenue increasing by 13% year-over-year.
Key Takeaways
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.
Revenue for Q1 2020 reached $276 million, a 13% increase year-over-year.
Operating income for Q1 2020 increased by 31% to $12.4 million.
Net income attributable to IES for Q1 2020 was $8.5 million, or $0.39 per diluted share.
Adjusted net income attributable to IES for Q1 2020 increased 35% to $11.3 million, or $0.54 per diluted share.
Revenue by Segment
Forward Guidance
Full year performance is expected to be supported by continued residential and data center end market momentum, offsetting soft results in the near-term at Commercial & Industrial. The company is also actively evaluating acquisition candidates.
Positive Outlook
- Continued residential end market momentum
- Continued data center end market momentum
- Streamlining costs in Commercial & Industrial segment
- Improving project selection in Commercial & Industrial segment
- Overhauling procurement sourcing in Commercial & Industrial segment
Challenges Ahead
- Soft results in the near-term at Commercial & Industrial.
- Inefficiencies on several projects in Commercial & Industrial.
- Reduced volume in a competitive marketplace for Commercial & Industrial.
- Risk of change in ownership under Section 382 of the Internal Revenue Code.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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