Company Overview - IES Holdings, Inc. designs and installs integrated electrical and technology systems, providing infrastructure products and services across various end markets, including data centers, residential housing, and commercial and industrial facilities [2] - The company employs over 9,000 individuals serving clients throughout the United States [2] Upcoming Financial Results - IES Holdings, Inc. is scheduled to release its fiscal 2025 first quarter results before the market opens on February 4, 2025 [1]

Core Viewpoint - IES Holdings, Inc. has amended its Credit and Security Agreement, increasing its revolving credit facility from $150 million to $300 million and extending the maturity date to January 21, 2030, transitioning to a cash flow-based facility for enhanced borrowing capacity [1][2]. Group 1: Credit Facility Details - The commitment amount of the revolving credit facility has been increased to $300 million from $150 million [1]. - The maturity date of the credit facility has been extended to January 21, 2030 [1]. - The amended agreement allows for a transition to a cash flow-based facility, which provides increased borrowing capacity compared to the previous asset-based structure [1]. Group 2: Management Commentary - Jeff Gendell, Chairman and CEO of IES, expressed appreciation for the confidence shown by Wells Fargo, Fifth Third, and new banking partners in the company through this larger and more flexible credit facility [2]. - The new facility is expected to strengthen the company's ability to execute its capital allocation strategy, providing liquidity and flexibility for organic growth, acquisitions, share repurchases, and other investment opportunities [2]. Group 3: Company Overview - IES Holdings, Inc. designs and installs integrated electrical and technology systems, providing infrastructure products and services across various end markets, including data centers, residential housing, and commercial and industrial facilities [3]. - The company employs over 9,000 individuals and serves clients throughout the United States [3].

Revenue Growth - Revenue for Q4 2024 was $776 million, a 20% increase from $649 million in Q4 2023[2] - Fiscal 2024 revenue totaled $2.9 billion, reflecting a 21% increase from $2.4 billion in fiscal 2023[3] - Revenues for the three months ended September 30, 2024, were $775.8 million, an increase from $649.0 million in the same period of 2023, representing a growth of approximately 19.5%[25] - Total revenue for the year ended September 30, 2024, increased to $2,884.4 million, up 21.3% from $2,377.2 million in 2023[29] Profitability - Operating income for Q4 2024 reached $75 million, up 41% from $53.2 million in Q4 2023[2] - Net income attributable to IES for Q4 2024 was $63.1 million, a 67% increase compared to $37.8 million in Q4 2023[2] - Adjusted net income for fiscal 2024 was $213.6 million, a 91% increase from $111.9 million in fiscal 2023[5] - Net income for the year ended September 30, 2024, was $219.1 million, a 102.5% increase compared to $108.3 million in 2023[30] Segment Performance - The Communications segment generated $776.5 million in revenue for fiscal 2024, a 29% increase from fiscal 2023[6] - The Infrastructure Solutions segment's revenue was $351.1 million for fiscal 2024, a 62% increase compared to fiscal 2023[9] - Operating income for the Communications segment increased to $86.9 million for the year ended September 30, 2024, up from $51.5 million in 2023, representing a 68.5% growth[29] Cash and Assets - The company ended fiscal 2024 with a cash balance of $100.8 million, up from $75.8 million at the end of fiscal 2023[11] - Total current assets rose to $871.7 million as of September 30, 2024, compared to $671.3 million a year earlier, reflecting a 30% increase[27] - Cash and cash equivalents at the end of the period were $100.8 million, up from $75.8 million a year earlier, marking a 32.3% increase[28] Backlog and Obligations - Remaining performance obligations as of September 30, 2024, were approximately $1.2 billion[2] - Backlog as of September 30, 2024, was approximately $1.8 billion[2] - Backlog as of September 30, 2024, was $1,786 million, an increase from $1,558 million in the previous year, indicating a 14.6% growth[32] Expenses and Liabilities - Selling, general and administrative expenses for the three months ended September 30, 2024, were $110.9 million, compared to $87.2 million in the prior year, indicating an increase of 27.2%[25] - Total liabilities increased to $591.9 million as of September 30, 2024, compared to $481.7 million in 2023, reflecting a 22.9% rise[27] Earnings Per Share - Basic earnings per share attributable to common stockholders for the three months ended September 30, 2024, were $3.10, up from $1.68 in the same period of 2023, representing an increase of 84.5%[25] - The company’s adjusted earnings per share for the three months ended September 30, 2024, were $2.83, compared to $1.76 in the same period of 2023, showing a growth of 60.8%[26] EBITDA - Adjusted EBITDA for the year ended September 30, 2024, was $330.1 million, up from $171.6 million in 2023, representing a 92.5% increase[30] Tax and Income Tax Provision - The company’s effective tax rate for the three months ended September 30, 2024, was impacted by a provision for income taxes of $14.8 million, compared to $12.4 million in the same period of 2023[25]

Employment and Workforce - As of September 30, 2024, the company had 9,485 employees, with 9,423 being full-time employees[79] - The company has established two residential education centers to train employees in technical skills necessary for careers in residential contracting[83] - The company has not experienced any work stoppage and maintains a strong relationship with its employees[79] Operations and Locations - The company operates 131 domestic locations, including 24 in Communications, 75 in Residential, 13 in Infrastructure Solutions, and 17 in Commercial & Industrial[87] Financial Performance and Investments - The company reported an unrealized gain of $1.8 million from changes in market value of investments measured at fair value for the year ended September 30, 2024[328] - The company had investments in marketable securities with a fair value of $35.0 million as of September 30, 2024, with a 10% change in market value potentially impacting pre-tax income by $3.5 million[328] - The company had no borrowings outstanding under its revolving credit facility as of September 30, 2024[329] Risk Factors - The company is exposed to fluctuations in commodity prices, including copper, aluminum, and steel, which may impact operational results due to fixed-price contracts[327] - The company utilizes SOFR as the benchmark for establishing interest rates on borrowings under its revolving credit facility, exposing it to interest rate risk[329] Diversity and Inclusion - The company has a commitment to diversity and inclusion, prohibiting discrimination based on various factors, including race, gender, and disability[80]

HOUSTON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2024. Fourth Quarter 2024 Highlights Revenue of $776 million for the fourth quarter of fiscal 2024, an increase of 20% compared with $649 million for the same quarter of fiscal 2023Operating income of $75.0 million for the fourth quarter of fiscal 2024, an increase of 41% compared with $53.2 million for the same quarte ...

HOUSTON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced that it will release fiscal 2024 fourth quarter and year-end results before the market opens on Friday, November 22, 2024. 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 mor ...

HOUSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced the appointment of John Louis Fouts to its Board of Directors ("Board"), effective September 23, 2024. "We're excited to welcome Lou to the Board," said Jeff Gendell, IES's Chairman and CEO. "Lou brings an extensive background in investment management and finance, and I'm confident that his knowledge, experience and perspective will make him a valuable addition to our Board." Mr. Fouts h ...

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2024. Third Quarter 2024 Highlights and Recent Developments Revenue of $768 million for the third quarter of fiscal 2024, an increase of 31% compared with $584 million for the same quarter of fiscal 2023 Operating income of $90.2 million for the third quarter of fiscal 2024, an increase of 163% compared with $34.3 million for the same quart ...

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2024. Third Quarter 2024 Highlights and Recent Developments Revenue of $768 million for the third quarter of fiscal 2024, an increase of 31% compared with $584 million for the same quarter of fiscal 2023 Operating income of $90.2 million for the third quarter of fiscal 2024, an increase of 163% compared with $34.3 million for the same quart ...

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 9,000 employees serve clients in the United States. For more information about IES, please visit www.ies-co.com. Investor Relations Contact: About IES Holdings, Inc. Tracy McLauchlin Chief Financial Officer IES Holdings, Inc. (713) 860-1500 HOUSTON, July 29, 202 ...