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Dec 31, 2021
IES Holdings Q1 2022 Earnings Report
IES Holdings reported first quarter results with increased revenue and operating income compared to the same quarter of fiscal year 2021.
Key Takeaways
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.
Revenue increased by 53% to $481 million compared to the same quarter of fiscal 2021.
Operating income increased by 27% to $20.3 million compared to the same quarter of fiscal 2021.
Net income attributable to IES increased 20% to $14.5 million, or $0.69 per diluted share.
Backlog of approximately $948 million as of December 31, 2021.
IES Holdings
IES Holdings
IES Holdings Revenue by Segment
Revenue by Segment
Communications Revenue
CapyFin.comResidential Revenue
CapyFin.comInfrastructure Solutions Revenue
CapyFin.com Forward Guidance
The company expects the ongoing COVID-19 pandemic, including supply chain disruptions and labor constraints, will continue to affect them over the next fiscal quarter.
Challenges Ahead
- The pandemic continues to add uncertainty to our operations.
- Heightened challenges from the COVID-19 pandemic impacting labor availability and the supply chain.
- Ongoing pandemic-related headwinds on our business.
- Impact of supply chain disruptions on our generator enclosure business.
- COVID-related labor inefficiencies.
Revenue & Expenses
Visualization of income flow from segment revenue to net income