Financial Performance - Consolidated revenues for the three months ended March 31, 2024, were $705.7 million, an increase of 24.1% compared to $568.9 million for the same period in 2023[111] - Gross profit for the three months ended March 31, 2024, increased to $171.6 million, representing a gross profit margin of 24.3%, up from 17.7% in the same period of 2023[112] - Net income attributable to IES Holdings, Inc. for the three months ended March 31, 2024, was $52.9 million, compared to $21.6 million for the same period in 2023, reflecting a net income margin increase from 3.8% to 7.5%[111] - Consolidated revenues for the six months ended March 31, 2024, were $1.34 billion, an increase of 17.2% compared to $1.14 billion for the same period in 2023[116] - Net income for the six months ended March 31, 2024, was $100.4 million, compared to $52.9 million for the same period in 2023, with a net income margin increase from 4.6% to 7.5%[116] - The overall gross profit percentage for the six months ended March 31, 2024, increased to 23.5%, compared to 17.2% for the same period in 2023[117] Segment Performance - Revenues for the Communications segment increased by $52.4 million, or 37.1%, during the three months ended March 31, 2024, driven by higher demand from data center customers[120] - Gross profit for the Communications segment for the three months ended March 31, 2024, was $38.9 million, with a gross profit margin of 20.1%, up from 17.8% in the same period of 2023[121] - The Residential segment's revenues increased by $33.3 million, or 10.9%, during the three months ended March 31, 2024, driven by strong demand in the single-family business and expansion of plumbing and HVAC offerings[127] - Gross profit in the Residential segment increased by $33.8 million, or 61.7%, for the three months ended March 31, 2024, with gross profit margin rising to 26.1%[128] - Revenues in the Infrastructure Solutions segment increased by $23.2 million, or 44.0%, during the three months ended March 31, 2024, primarily due to strong demand in custom power solutions[134] - Gross profit in the Infrastructure Solutions segment increased by $9.6 million, with gross profit margin improving from 27.0% to 31.3% for the three months ended March 31, 2024[135] - Revenues in the Commercial & Industrial segment increased by $28.0 million, or 40.6%, during the three months ended March 31, 2024, attributed to a large data center project[140] - Gross profit in the Commercial & Industrial segment increased by $13.5 million, with gross profit margin rising from 9.8% to 20.9% for the three months ended March 31, 2024[141] Expenses - Selling, general and administrative expenses for the three months ended March 31, 2024, were $95.3 million, a 37.4% increase from $69.3 million in the same period of 2023[114] - Selling, general and administrative expenses for the six months ended March 31, 2024, were $181.1 million, a 32.1% increase from $137.1 million in the same period of 2023[118] - The Communications segment's selling, general and administrative expenses increased by $6.2 million, or 24.2%, for the six months ended March 31, 2024, compared to the same period in 2023, with expenses as a percentage of revenues at 8.8%[126] - Selling, general and administrative expenses in the Residential segment rose by $17.3 million, or 45.4%, during the three months ended March 31, 2024, with expenses as a percentage of revenue increasing to 16.3%[129] - Selling, general and administrative expenses in the Commercial & Industrial segment increased by $2.3 million, or 36.0%, during the three months ended March 31, 2024, with expenses as a percentage of revenue decreasing to 9.0%[142] Cash Flow and Liquidity - Net cash provided by operating activities for the six months ended March 31, 2024, was $58.7 million, a decrease from $60.1 million in the same period of 2023[172] - Net cash used in investing activities was $11.4 million for the six months ended March 31, 2024, compared to $12.3 million provided in the same period of 2023[173] - Net cash used in financing activities for the six months ended March 31, 2024, was $17.1 million, a decrease from $82.1 million in the same period of 2023[174] - As of March 31, 2024, the company's liquidity was $249.5 million, with excess availability of $143.5 million, representing over 50% of minimum liquidity[168] - The company had no outstanding borrowings under its revolving credit facility as of March 31, 2024[170] Liabilities and Obligations - Total current liabilities increased by $33.7 million to $434.2 million, driven by a $24.0 million increase in billings in excess of costs[162] - Remaining performance obligations as of March 31, 2024, were $1,065.4 million, compared to $1,072.6 million as of December 31, 2023[158] - Backlog as of March 31, 2024, was $1,362.9 million, down from $1,452.1 million as of December 31, 2023[158] - Income tax expense for the six months ended March 31, 2024, was $34.8 million, compared to $18.2 million for the same period in 2023[153] Investments and Capital Expenditures - The company incurred unrealized losses on investments in trading securities of $1.9 million for the six months ended March 31, 2024[151] - Capital expenditures for the fiscal year ending September 30, 2024, are expected to range from $35 million to $45 million, significantly higher than $17.7 million for the fiscal year ended September 30, 2023[178] Other Financial Metrics - Interest expense for the six months ended March 31, 2024, decreased to $0.8 million from $2.2 million in the same period of 2023[150] - The fixed charge coverage ratio was reported at 7.9:1.0 as of March 31, 2024[168] Risk Factors - The company is exposed to fluctuations in commodity prices, including copper and aluminum, which may impact operational results[181] - The company does not currently maintain any hedging contracts to limit exposure to variable interest rates on outstanding borrowings[182]

HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ:IESC) today announced financial results for the quarter ended March 31, 2024. Second Quarter 2024 Highlights and Recent Developments Revenue of $706 million for the second quarter of fiscal 2024, an increase of 24% compared with $569 million for the same quarter of fiscal 2023Operating income of $77.7 million for the second quarter of fiscal 2024, an increase of 146% compared with $31.6 million for the same quar ...

HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ:IESC) today announced that it will release fiscal 2024 second quarter results before the market opens on Friday, May 3, 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 more than 8,000 employ ...

For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2 Riverway, Suite 1730, Houston, Texas 77056 (Address of principal executive offices and zip code) Registrant's telephone number, including area code: (713) 860-1500 Securities registered pursuant to Section 12(b) of the Act: Trading UNITED STATES SEC ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2 Riverway, Suite 1730, Houston, Texas 77056 (Address of principal executive offices and zip ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-13783 IES Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0542208 (State or other jurisdiction ...