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IES Holdings Reports Fiscal 2025 Third Quarter Results
Globenewswire· 2025-08-01 11:45
Overview of Results - IES Holdings, Inc. reported a 16% increase in revenue to $890 million for the third quarter of fiscal 2025 compared to $768 million in the same quarter of fiscal 2024 [6] - Operating income rose by 24% to $111.9 million from $90.2 million year-over-year [6] - Net income attributable to IES increased by 24% to $77.2 million, with diluted earnings per share rising to $3.81 from $2.67 [6][21] Segment Performance - The Communications segment generated revenue of $299.2 million, a 56% increase from $192.3 million in the prior year, with operating income rising to $47.8 million from $21.0 million [4][30] - The Residential segment's revenue decreased by 8% to $346.1 million due to a challenging housing market, with operating income falling to $33.4 million from $43.7 million [5][30] - Infrastructure Solutions segment revenue increased by 27% to $129.5 million, with operating income improving to $32.6 million from $19.8 million [7][30] - The Commercial & Industrial segment saw revenue rise by 20% to $115.4 million, with operating income slightly decreasing to $12.9 million from $13.0 million [8][30] Financial Position - Remaining performance obligations stood at approximately $1.3 billion, indicating future revenue to be recognized from current contracts [6][14] - Backlog was approximately $2.1 billion, reflecting signed agreements and letters of intent [6][14] - The company ended the quarter with $88.4 million in cash and restricted cash, net of debt, and $66.8 million in marketable securities [11] Capital Allocation and Investments - IES Holdings invested $17.1 million in capital expenditures and funded a $7 million deposit for the purchase of an industrial fabrication operation [12] - The company repurchased 33,900 shares of common stock for $5.3 million, with $168.0 million remaining under its stock repurchase authorization [12]
IES Holdings Announces Fiscal 2025 Third Quarter Results Earnings Release Schedule
Globenewswire· 2025-07-28 20:15
Core Viewpoint - IES Holdings, Inc. is set to release its fiscal 2025 third quarter results on August 1, 2025, before market opening [1] Company Overview - IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems, along with providing infrastructure products and services [2] - The company serves various end markets, including data centers, residential housing, and commercial and industrial facilities [2] - IES employs over 9,000 individuals and operates primarily within the United States [2]
IES Holdings Announces Fiscal 2025 Second Quarter Results Earnings Release Schedule
Globenewswire· 2025-04-29 12:00
Core Viewpoint - IES Holdings, Inc. is set to release its fiscal 2025 second quarter results on May 2, 2025, before market opening [1] 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 and serves clients throughout the United States [2]