Loading...
•
Jun 30, 2020
IES Holdings Q3 2020 Earnings Report
IES Holdings reported third quarter results with increased revenue and operating income.
Key Takeaways
IES Holdings reported a 4% increase in revenue to $293 million and a 37% increase in operating income to $14.1 million for the third quarter of fiscal year 2020. Net income attributable to IES was $12.3 million, or $0.58 per diluted share, and adjusted net income was $12.8 million, or $0.61 per diluted share.
Revenue increased by 4% year-over-year, reaching $293 million.
Operating income increased by 37% year-over-year, totaling $14.1 million.
Net income attributable to IES was $12.3 million, or $0.58 per diluted share.
Adjusted net income attributable to IES increased 38% to $12.8 million, or $0.61 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.com Forward Guidance
The company expects to continue to experience some COVID-related project delays and a competitive market, but they are optimistic about the long-term outlook for the Commercial & Industrial segment.
Positive Outlook
- Strong liquidity position.
- Disciplined capital allocation philosophy.
- Well-positioned to execute on long-term growth strategy.
- Company is positioned to manage through times of economic uncertainty.
- Residential segment’s revenue grew 34% compared to the same quarter last year as demand for our single-family and multi-family lines of business continues to be strong.
Challenges Ahead
- Expect to continue to experience some COVID-related project delays.
- Competitive market.
- Commercial & Industrial was negatively impacted by disruptions caused by COVID-19.
- Ongoing project execution difficulties on certain projects in Commercial & Industrial segment.
- A charge related to a commercial dispute in Commercial & Industrial segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income