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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.
IES Holdings
IES Holdings
IES Holdings Revenue by Segment
Revenue by Segment
Communications Revenue
CapyFin.comResidential Revenue
CapyFin.comInfrastructure Solutions Revenue
CapyFin.comCommercial & Industrial Revenue
CapyFin.com 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.
- Competition in the industries in which IES operates
Revenue & Expenses
Visualization of income flow from segment revenue to net income