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Mar 31, 2022
IES Holdings Q2 2022 Earnings Report
IES Holdings reported a net loss for the second quarter of fiscal year 2022, impacted by project execution issues and challenging operating conditions.
Key Takeaways
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.
Revenue increased by 51% to $502 million compared to the same quarter last year.
Operating loss was $4.9 million, a significant decrease from the $17.1 million operating income in the prior year's quarter.
Net loss attributable to IES was $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 of fiscal 2021.
The company faced challenges in project execution, particularly in the Commercial & Industrial and Communications segments, which resulted in losses.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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