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Jun 30, 2021
IES Holdings Q3 2021 Earnings Report
Reported strong growth in revenue and profitability, driven by end market and geographic diversification.
Key Takeaways
IES Holdings reported a 38% increase in revenue to $406 million and a 60% increase in operating income to $22.5 million for the third quarter of fiscal 2021. Net income attributable to IES increased 57% to $19.3 million, with diluted earnings per share of $0.92. The company benefited from strong demand across all operating segments and strategic acquisitions.
Revenue increased by 38% to $406 million compared to the same quarter last year.
Operating income increased by 60% to $22.5 million compared to the same quarter last year.
Net income attributable to IES increased 57% to $19.3 million compared to the same quarter last year.
Acquired Edmonson Electric, adding to IES Residential capabilities.
Revenue by Segment
Forward Guidance
The company continues to be optimistic as they look toward the remainder of fiscal 2021 and into fiscal 2022, despite ongoing uncertainties relating to the supply chain, input costs and the trajectory of COVID-19.
Positive Outlook
- Operating segments remain focused on executing their business.
- Operating segments are improving operational efficiencies.
- Operating segments are driving profitable growth.
- Strong financial position provides flexibility to take advantage of organic growth opportunities.
- Strong financial position provides flexibility to take advantage of strategic growth opportunities that may arise.
Challenges Ahead
- Ongoing uncertainties relating to the supply chain.
- Ongoing uncertainties relating to input costs.
- Ongoing uncertainties relating to the trajectory of COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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