IES Holdings reports Q1 adjusted EPS $3.71 vs $2.64 last year

Core Insights - The company reported Q1 revenue of $871 million, an increase from $749.5 million in the previous year, indicating a year-over-year growth in revenue [1] Group 1: Residential Segment Performance - The residential segment continues to face challenges due to a difficult housing market, which has not shown signs of improvement [1] - Factors such as housing affordability issues, insurance availability and costs, and overall economic uncertainty are negatively impacting consumer demand, leading to a decrease in residential revenue and earnings for Q1 of fiscal 2026 compared to the prior year [1] - The company is prioritizing plumbing and HVAC expansion plans in markets where it already has a strong presence in the single-family electrical business, in response to the challenging market conditions [1] Group 2: Future Outlook - Despite the current economic challenges expected to persist, particularly through the slower winter season, the company remains optimistic about the long-term outlook for its residential business [1]