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IES Holdings Q2 2025 Earnings Report
IES Holdings reported a significant increase in revenues and net income for the second quarter of fiscal year 2025, driven by strong demand in the data center market and successful project execution.
Key Takeaways
IES Holdings, Inc. reported a substantial increase in revenues and net income for the three months ended March 31, 2025. Revenues rose by 18.2% to $833.96 million, and net income increased by 27.8% to $72.59 million compared to the same period last year. This growth was primarily fueled by strong demand in the data center market and effective project execution across its Communications, Infrastructure Solutions, and Commercial & Industrial segments.
Revenues increased by 18.2% to $833.96 million for the three months ended March 31, 2025, compared to $705.73 million in the prior year.
Net income attributable to IES Holdings, Inc. grew by 33.5% to $70.65 million, up from $52.91 million in the same period last year.
Diluted EPS increased to $3.50 from $2.29 in the prior year, reflecting strong profitability.
The Communications segment saw a 41.1% increase in revenues, driven by strong demand in the data center market.
Revenue by Segment
Forward Guidance
IES Holdings anticipates continued strong demand in key end markets, particularly data centers, for the second half of fiscal 2025. However, challenges in housing affordability and labor availability could impact growth.
Positive Outlook
- Strong demand continuing across many key end markets.
- Data center market demand remains particularly strong.
- Anticipated increase in multi-family bid activity benefiting fiscal 2026.
- Backlog across business segments remains high, reflecting strong demand.
- Investments in increasing capacity are expected to support growth.
Challenges Ahead
- Elevated mortgage rates and inflation dampening consumer demand for housing.
- Pressure on bid margins for services provided to home builders due to customer incentives.
- Reduction in multi-family residential backlog entering fiscal 2025 due to high borrowing costs.
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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