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Sep 30, 2021
IES Holdings Q4 2021 Earnings Report
Reported strong fourth quarter and fiscal year results driven by revenue growth and strategic acquisitions.
Key Takeaways
IES Holdings reported a strong fourth quarter with a 46% increase in revenue to $484 million and a 109% increase in operating income to $30.1 million. Net income attributable to IES increased 54% to $22.4 million, with diluted earnings per share of $1.07.
Revenue increased by 46% to $484 million compared to the fourth quarter of fiscal 2020.
Operating income increased by 109% to $30.1 million compared to the same quarter of fiscal 2020.
Net income attributable to IES increased 54% to $22.4 million compared to the same quarter of fiscal 2020.
Adjusted diluted earnings per share increased to $1.30 compared to $1.05 for the same quarter of fiscal 2020.
Revenue by Segment
Forward Guidance
Strong demand within our four segments, aided by businesses acquired in fiscal 2021, is expected to drive continued growth in fiscal 2022; however, broader supply chain challenges impacting the U.S. economy and rising input and labor costs may affect reported margins in certain quarters.
Positive Outlook
- Strong demand within our four segments
- Businesses acquired in fiscal 2021 aiding growth
- Expected continued growth in fiscal 2022
- Amendment to credit agreement increasing maximum revolver
- Extension of credit agreement maturity date to September 2026
Challenges Ahead
- Broader supply chain challenges impacting the U.S. economy
- Rising input costs
- Rising labor costs
- Potential affect on reported margins in certain quarters
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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