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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.
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 did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income