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Sep 30, 2022
IES Holdings Q4 2022 Earnings Report
Announced financial results for the quarter and fiscal year ended September 30, 2022.
Key Takeaways
IES Holdings reported Q4 2022 results with revenue of $617 million, a 28% increase compared to Q4 2021. However, operating income decreased by 17% to $25.0 million, and net income attributable to IES decreased by 28% to $16.2 million. The company's backlog as of September 30, 2022, was approximately $1.3 billion.
Revenue of $617 million for the fourth quarter of fiscal 2022, an increase of 28% compared with $484 million for the fourth quarter of fiscal 2021
Operating income of $25.0 million for the fourth quarter of fiscal 2022, a decrease of 17% compared with $30.1 million for the same quarter of fiscal 2021
Net income attributable to IES decreased 28% to $16.2 million for the fourth quarter of fiscal 2022, compared with $22.4 million for the same quarter of fiscal 2021; diluted earnings per share attributable to common stockholders of $0.72 for the fourth quarter of fiscal 2022 compared with $1.07 for the fourth quarter of fiscal 2021
Board replaced our existing share repurchase program with a new $40 million share repurchase authorization
Revenue by Segment
Forward Guidance
The company anticipates new challenges in fiscal 2023, including slowing demand for single-family housing due to higher interest rates and selling prices, as well as uncertainty regarding the overall economy's impact on customers' capital spending plans.
Positive Outlook
- Flexible capital structure
- Low fixed costs
- Strong balance sheet
- Agile in adjusting to changing demand
- Well-positioned to continue to expand service offerings and pursue market share growth
Challenges Ahead
- Higher interest rates
- Higher selling prices
- Slowing demand for single-family housing
- Heightened uncertainty regarding the overall economy
- Potential impact on customers’ future capital spending plans
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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