If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs, and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Over the summer I called shares of IES Holdings ( IESC ) a real fixer, after the company had seen spectacular growth, with sales tripling in just five years, driven by a solid balance of organic ...

Group 1 - The article highlights IES Holdings (IESC) as a company that has experienced significant growth, with sales tripling over five years due to a combination of organic growth and strategic initiatives [1] - The investment group "Value In Corporate Events" focuses on identifying actionable investment opportunities through major corporate events such as earnings reports, mergers and acquisitions, and IPOs, providing coverage of 10 major events monthly [1] Group 2 - The article emphasizes the importance of understanding corporate events for investment strategies, suggesting that these events can lead to potential investment opportunities [1]

Reports Q1 revenue $871M vs $749.5M last year. “In our Residential segment, the challenging housing market we faced throughout fiscal 2025 has not yet begun to improve. Housing affordability challenges, availability and cost of insurance, and overall economic uncertainty continue to weigh on consumer demand, resulting in a decrease in Residential revenue and earnings for the first quarter of fiscal 2026 compared with the prior year. Given the challenging market conditions, we have prioritized our plumbing ...

IES HOLDINGS, INC. (NASDAQ: IESC) | First Quarter Fiscal 2026 Update | DECEMBER 31, 2025 Disclosures Forward-Looking Statements Certain statements in this release may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statements ...

Financial Performance - Revenue for Q1 2026 was $871 million, a 16% increase from $750 million in Q1 2025[7] - Operating income for Q1 2026 reached $97.7 million, up 31% from $74.6 million in Q1 2025[7] - Net income attributable to IES was $91.4 million for Q1 2026, a 62% increase compared to $56.3 million in Q1 2025, with diluted earnings per share of $4.51 versus $2.72[7] - Adjusted net income attributable to IES was $75.2 million for Q1 2026, a 38% increase from $54.6 million in Q1 2025, with diluted adjusted earnings per share of $3.71 compared to $2.64[7] - Gross profit rose to $220.0 million, representing a 23.5% increase compared to $178.0 million in the prior year[27] - Net income attributable to IES Holdings, Inc. was $91.4 million, a 62.2% increase from $56.3 million in the same quarter of 2024[27] - Basic earnings per share attributable to common stockholders increased to $4.58, up 65.5% from $2.76 in the previous year[27] - Adjusted net income attributable to IES Holdings, Inc. was $75.2 million, compared to $54.6 million in the same quarter of 2024, reflecting a 37.5% increase[28] - Operating income for the same period was $97.7 million, up 30.9% from $74.6 million year-over-year[34] - Net income attributable to IES Holdings, Inc. increased to $91.4 million, a rise of 62.3% compared to $56.3 million in the prior year[35] - Adjusted EBITDA for the three months ended December 31, 2025, was $113.8 million, reflecting a 31.9% increase from $86.3 million in 2024[35] Revenue Segments - Communications segment revenue was $351.9 million in Q1 2026, a 51% increase from Q1 2025, driven by strong demand in the data center market[9] - Residential segment revenue decreased by 11% to $284.1 million in Q1 2026 due to ongoing challenges in the housing market[10] - Infrastructure Solutions segment revenue increased by 30% to $140.2 million in Q1 2026, reflecting strong demand for custom engineered solutions[11] - Communications segment revenue rose to $351.9 million, a significant increase of 50.1% from $232.9 million in the previous year[34] - Infrastructure Solutions segment operating income improved to $35.6 million, up 52.5% from $23.3 million year-over-year[34] - Residential segment revenue decreased to $284.1 million, down 11.2% from $320.0 million in the same period of 2024[34] Backlog and Performance Obligations - Remaining performance obligations were approximately $1.8 billion as of December 31, 2025[7] - Backlog stood at approximately $2.6 billion as of December 31, 2025[7] - Remaining performance obligations as of December 31, 2025, totaled $1,809 million, up from $1,215 million a year earlier, representing a 48.9% increase[37] - Backlog increased to $2,602 million as of December 31, 2025, compared to $1,754 million in the same period of 2024, marking a 48.5% growth[37] Cash Flow and Assets - Net cash provided by operating activities for the three months ended December 31, 2025, was $27.7 million, down from $37.3 million in the same period of 2024[33] - The company reported a net cash used in investing activities of $46.2 million, compared to $58.4 million in the prior year[33] - Cash and cash equivalents at the end of the period were $88.8 million, down from $127.2 million at the beginning of the period[33] - Total assets as of December 31, 2025, were $1,658.4 million, an increase from $1,595.7 million as of September 30, 2025[31] - Total stockholders' equity increased to $961.1 million from $884.0 million in the previous quarter, indicating a growth of 8.7%[31] Acquisition - The acquisition of Gulf Island Fabrication, Inc. was completed post-quarter end for an aggregate equity value of $192 million[7]

Financial Performance - Consolidated revenues for the three months ended December 31, 2025, were $870.96 million, an increase of 16.2% compared to $749.55 million for the same period in 2024[108][109] - Gross profit for the three months ended December 31, 2025, increased to $220.02 million, representing a gross profit margin of 25.3%, up from 23.8% in the prior year[108][110] - Operating income for the three months ended December 31, 2025, was $97.73 million, representing an operating margin of 11.2%, compared to 10.0% in the same period of 2024[108] - Net income attributable to IES Holdings, Inc. for the three months ended December 31, 2025, was $91.44 million, or 10.5% of revenues, compared to $56.30 million, or 7.5%, in the prior year[108] Segment Performance - The Communications segment's revenues rose by $119.0 million, or 51.1%, to $351.92 million, driven by strong demand in the data center market[112] - The Residential segment's revenues decreased by $35.9 million, or 11.2%, to $284.04 million, impacted by housing affordability challenges and economic uncertainty[115] - Infrastructure Solutions segment revenues increased by $32.1 million, or 29.6%, to $140.18 million, primarily due to strong demand for custom engineered solutions[118] - Revenues in the Commercial & Industrial segment increased by $6.3 million, or 7.2%, to $94.8 million for the three months ended December 31, 2025, compared to $88.5 million for the same period in 2024[122] - Gross profit for the segment rose by $5.0 million, or 33.3%, to $20.2 million, with gross profit as a percentage of revenue increasing to 21.3% from 17.1% year-over-year[123] Expenses - Selling, general and administrative expenses for the three months ended December 31, 2025, were $121.82 million, an increase of 18.2% from $103.04 million in the prior year[111] - Selling, general and administrative expenses as a percentage of revenue increased from 13.7% in the prior year to 14.0% for the three months ended December 31, 2025[111] - Selling, general and administrative expenses increased by $2.5 million, or 30.4%, to $10.5 million, with expenses as a percentage of revenue rising to 11.1% from 9.1%[124] Cash Flow and Investments - Net cash provided by operating activities was $27.7 million for the three months ended December 31, 2025, down from $37.3 million in the same period of 2024[150] - Net cash used in investing activities was $46.2 million for the three months ended December 31, 2025, compared to $58.4 million in the same period of 2024[151] - Net cash used in financing activities was $19.8 million for the three months ended December 31, 2025, compared to $20.6 million in the same period of 2024[152] - Total interest and other income, net, was $18.2 million for the three months ended December 31, 2025, compared to $3.0 million for the same period in 2024, driven by a net gain on marketable securities of $16.9 million[126][127] - An unrealized gain of $17.0 million was recorded in the three months ended December 31, 2025, from investments in marketable securities[158] - The fair value of investments in marketable securities was $169.9 million as of December 31, 2025[158] Tax and Obligations - Income tax expense increased to $28.4 million for the three months ended December 31, 2025, up from $20.0 million in the same period of 2024, primarily due to increased pretax income[129] - Remaining performance obligations as of December 31, 2025, were $1.8 billion, with backlog increasing to $2.6 billion from $2.4 billion as of September 30, 2025[134] Capital and Commitments - Working capital, excluding cash and equivalents, increased by $80.5 million during the three months ended December 31, 2025, reflecting a $62.7 million increase in current assets[136] - The Board authorized a stock repurchase program for up to $200.0 million of the Company's common stock[153] - As of December 31, 2025, the Company had firm commitments of $17.0 million for material purchases in the next 12 months[155] - The Company expects cash and cash equivalents, cash flow from operations, and availability under the revolving credit facility to be sufficient for cash requirements over the next 12 months[155] Risk Factors - The Company is exposed to fluctuations in commodity prices, including copper and aluminum, which may impact operational results[157] - Floating rate debt exposes the Company to interest rate risk, with borrowings under the revolving credit facility structured on floating rate terms[159] - The Company had no borrowings outstanding under the revolving credit facility as of December 31, 2025[159] - The Amended Credit Agreement uses SOFR as the benchmark for establishing interest rates on borrowings[159]

Core Insights - IES Holdings, Inc. reported a strong start to fiscal 2026 with a 16% increase in revenue and a 31% increase in operating income compared to the same quarter in fiscal 2025, driven by robust demand in key markets, particularly data centers [3][5] - The company acquired Gulf Island Fabrication, enhancing its capacity and capabilities in the Infrastructure Solutions segment, which aligns with its strategy to support U.S. infrastructure development [3][5] Financial Performance - Total revenue for the first quarter of fiscal 2026 was $871 million, up from $750 million in the same quarter of fiscal 2025, marking a 16% increase [5][21] - Operating income reached $97.7 million, a 31% increase from $74.6 million year-over-year [5][21] - Net income attributable to IES was $91.4 million, reflecting a 62% increase compared to $56.3 million in the prior year [5][21] - Diluted earnings per share attributable to common stockholders increased to $4.51 from $2.72 year-over-year [5][21] Segment Performance - Communications segment revenue was $351.9 million, a 51% increase from $232.9 million in the prior year, with operating income rising to $57.4 million from $28.6 million [4][31] - Residential segment revenue decreased to $284.1 million, an 11% decline from $320 million, with operating income dropping to $8.9 million from $23.8 million due to a challenging housing market [5][31] - Infrastructure Solutions segment revenue increased by 30% to $140.2 million, with operating income rising to $35.6 million from $23.3 million [7][31] - Commercial & Industrial segment revenue grew by 7% to $94.8 million, with operating income increasing to $9.7 million from $7.1 million [8][31] Capital Allocation and Investments - The company ended the quarter with $88.8 million in cash, no debt, and $169.9 million in marketable securities, positioning it well for future investments [10] - IES invested $46.6 million in capital expenditures and utilized $48.6 million of excess cash to purchase marketable securities [12][10] - The acquisition of Gulf Island was completed for an aggregate equity value of $192 million, funded through cash and borrowings [10][5] Backlog and Future Outlook - Remaining performance obligations stood at approximately $1.8 billion, indicating future revenue potential from current contracts [5][14] - The backlog was approximately $2.6 billion, reflecting signed agreements and letters of intent [5][14]

Data Center Stock IES Nears A Break Out Ahead Of Earnings | Investor's Business DailyBREAKING: [Futures Rise Amid Huge Earnings]---Electrical contracting firm IES Holdings (IESC) is one of the latest data center stocks to climb toward a breakout. Shares of IES, which services data centers extensively, briefly broke out on Tuesday, when the stock rose above its buy point of 482.35. After dipping Wednesday, the stock closed essentially flat at 475.04, still in striking distance of the entry. Cashing…## Relate ...

HOUSTON, Jan. 26, 2026 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced that it will release fiscal 2026 first quarter results before the market opens on Friday, January 30, 2026. About IES Holdings, Inc. IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 10,000 e ...

Core Thesis - IES Holdings, Inc. (IESC) is viewed as a high-conviction, long-term investment due to its exceptional operational consistency and disciplined valuation [2][6] - The company's share price was $460.09 as of January 19th, with a trailing P/E of 30.63 [1][2] Financial Performance - IESC has achieved a five-year compound annual growth rate (CAGR) of over 20% in revenue and more than 40% in net income, with strong growth in EPS, equity, and free cash flow over the past seven years [2][3] - The business model is scalable and resilient, compounding value through multiple cycles rather than relying on short-term factors [3] Valuation Insights - A conservative intrinsic value estimate for IESC is approximately $540 per share, based on cautious assumptions about future earnings growth [4] - A targeted buy price of roughly $405 is suggested after applying a 25% margin of safety to account for potential forecasting errors or unforeseen risks [5] Investment Strategy - Shares were accumulated at an average price of $384.81, providing a discount to intrinsic value and downside protection [5] - The company is positioned as a core holding unless there is a material deterioration in fundamentals or excessive valuation [6] Market Context - The risk-reward profile for IESC remains skewed to the upside, supporting a bullish long-term outlook [6] - The investment thesis shares similarities with Quanta Services, Inc. (PWR), which has seen significant stock appreciation due to its role in AI-driven infrastructure [7]