Electrical and Technology Systems
Search documents
IES Holdings Expands Through Acquisition Amid Insider Stock Sales and Revenue Growth
Yahoo Financeยท 2025-09-29 23:13
Core Insights - IES Holdings, Inc. (NASDAQ:IESC) is recognized as one of the 12 stocks with consistent growth, showcasing significant revenue increases and strategic acquisitions [1][2]. Financial Performance - The company reported revenue of $890 million for the third quarter ended June 30, 2025, marking a 16% increase compared to the same quarter the previous year [2]. - IES Holdings has a backlog of approximately $2.1 billion, indicating strong future revenue potential [2]. Strategic Developments - The acquisition of Qypsys, a provider of wireless network infrastructure, is expected to enhance IES Holdings' growth trajectory. This acquisition was completed on August 1, 2025, through the subsidiary IES Communications [2][3]. - The President of IES Communications, Tom Emma, emphasized that the integration of Qypsys' design and integration services will strengthen the company's market presence, particularly in the Southeastern U.S. [3]. Insider Activity - There has been notable insider activity following the acquisition, including the sale of 3,000 shares by Senior Vice President Mary K Newman, valued at $971,914, on August 22, 2025 [3]. Historical Performance - Over the past decade, IES Holdings has demonstrated remarkable growth with a performance increase of 5354.94% [4]. - Founded in 1997, the company specializes in designing and installing integrated electrical and technology systems, serving a diverse client portfolio that includes data centers, residential housing, and commercial and industrial facilities [4].