IES HOLDINGS, INC. (NASDAQ: IESC) | Fourth Quarter Fiscal 2025 Update | September 30, 2025 Disclosures Forward-Looking Statements Certain statements in this release may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statemen ...

Core Insights - IES Holdings, Inc. reported record earnings for fiscal 2025, with consolidated revenue increasing by 17% year-over-year and operating income rising by 27% due to strategic investments and strong demand in key markets [4][5]. Financial Performance - Fourth quarter revenue reached $898 million, a 16% increase from $776 million in the same quarter of fiscal 2024 [6]. - Operating income for the fourth quarter was $104.3 million, up 39% from $75.0 million year-over-year [6]. - Net income attributable to IES for the fourth quarter was $101.8 million, a 61% increase compared to $63.1 million in the same quarter of fiscal 2024 [6]. - For fiscal 2025, total revenue was $3.37 billion, a 17% increase from $2.88 billion in fiscal 2024 [6]. - Operating income for fiscal 2025 was $383.5 million, up 27% from $300.9 million in fiscal 2024 [6]. Segment Performance - The Communications segment generated $1.14 billion in revenue for fiscal 2025, a 47% increase driven by demand in the data center market [7]. - The Residential segment's revenue was $1.30 billion, reflecting a 6% decrease due to challenges in the housing market [8]. - Infrastructure Solutions segment revenue increased by 42% to $498.7 million, benefiting from strong demand for custom engineered solutions [9]. - The Commercial & Industrial segment saw revenue rise by 16% to $427.7 million, driven by activity in education and healthcare markets [10]. Future Outlook - The company anticipates continued growth in its Communications, Infrastructure Solutions, and Commercial & Industrial segments, particularly in the data center market [5]. - A definitive agreement to acquire Gulf Island Fabrication, Inc. has been announced, aimed at increasing capacity for custom manufactured products [5]. Capital Allocation - IES ended the fiscal year with $127.2 million in cash and $104.6 million in marketable securities, with no debt [12]. - Capital allocation highlights include $52.4 million invested in acquisitions and $67.3 million in capital expenditures [18].

Core Viewpoint - IES Holdings, Inc. is set to release its fiscal 2025 fourth quarter and year-end results on November 21, 2025, before market opening [1] Company Overview - IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems, as well as providing infrastructure products and services across various end markets, including data centers, residential housing, and commercial and industrial facilities [2] - The company employs over 10,000 individuals and serves clients throughout the United States [2]

Core Points - IES Holdings, Inc. will present at the Midwest IDEAS Investor Conference on August 27, 2025, at 4:50pm CT [1] - The presentation will be webcast and accessible through the conference host's website [1] - Presentation materials will be available in the investor relations section of IES's website [1] Company Overview - IES Holdings, Inc. designs and installs integrated electrical and technology systems [2] - The company provides infrastructure products and services to various end markets, including data centers, residential housing, and commercial and industrial facilities [2] - IES employs over 9,000 individuals serving clients across the United States [2]

Financial Performance - Revenue for the third quarter of fiscal year 2025 was $890 million, a 16% increase year-over-year[7] - Operating income for the third quarter of fiscal year 2025 was $111.9 million, a 24% increase year-over-year[7] - Earnings per share for the third quarter of fiscal year 2025 was $3.81, and adjusted earnings per share was $3.95[7] - Year-to-date revenue for fiscal year 2025 reached $2473.7 million, a 17% increase compared to $2108.6 million in the same period of fiscal year 2024[9, 19] - Year-to-date earnings per share increased by 45% from $6.84 to $10.03[11] Segment Performance - Communications segment revenue for the third quarter of fiscal year 2025 was $299.2 million, a 56% increase from the third quarter of fiscal year 2024[14] - Residential segment revenue for the third quarter of fiscal year 2025 was $346.1 million, an 8% decrease from the third quarter of fiscal year 2024[14] - Infrastructure Solutions segment revenue for the third quarter of fiscal year 2025 was $129.5 million, a 27% increase from the third quarter of fiscal year 2024[14] - Commercial & Industrial segment revenue for the third quarter of fiscal year 2025 was $115.4 million, a 19% increase from the third quarter of fiscal year 2024[14] Backlog - Remaining performance obligations, a GAAP measure of future revenue, stood at $1.3 billion[7] - Record backlog reached $2.1 billion[7] - Agreements without an enforceable obligation are valued at $772 million[24]

Core Viewpoint - IES Holdings, Inc. announces the succession of Matthew Simmes as Chief Executive Officer effective July 1, 2025, as part of the company's executive succession plan, with Jeffrey Gendell transitioning to Executive Chairman [1] Group 1: Leadership Transition - Matthew Simmes has over 31 years of experience at IES, having held various senior roles, including President and Chief Operating Officer since 2023 [2] - Jeffrey Gendell, who has been with the company since 2016, will continue to lead the Board of Directors while working closely with Simmes [1][3] Group 2: Strategic Focus - Gendell emphasizes that Simmes' leadership has been crucial for the operational and financial success of IES's four business segments and in executing the company's strategic vision [3] - The company has experienced significant growth over the last five years, positioning Simmes well for the CEO role [3] Group 3: Company Overview - IES designs and installs integrated electrical and technology systems, providing infrastructure products and services across various markets, including data centers and residential housing [4] - The company employs over 9,000 individuals serving clients throughout the United States [4]

Financial Performance - Revenue for the second quarter of fiscal year 2025 reached $834 million, an 18% increase compared to $706 million in the second quarter of fiscal year 2024[7, 9] - Operating income for the second quarter of fiscal year 2025 was $92.7 million, a 19% increase from $77.7 million in the second quarter of fiscal year 2024[7, 9, 16] - Earnings per share for the second quarter of fiscal year 2025 were $3.50, while adjusted earnings per share were $3.30[7] - Year-to-date revenue for fiscal year 2025 totaled $1584 million, an 18% increase from $1340 million in the same period of fiscal year 2024[9, 16] - Year-to-date operating income for fiscal year 2025 was $167.3 million, a 23% increase from $135.7 million in the same period of fiscal year 2024[9, 16] - Year-to-date earnings per share reached $6.22, and adjusted earnings per share were $5.94, representing increases of 50% and 40% respectively[9] Segment Performance - Communications segment revenue for the second quarter of fiscal year 2025 was $273.1 million, a 41% increase from the second quarter of fiscal year 2024, with an 81% increase in operating income to $39.6 million[11, 19] - Infrastructure Solutions segment revenue for the second quarter of fiscal year 2025 was $117.6 million, a 55% increase from the second quarter of fiscal year 2024, with a 65% increase in operating income to $26.5 million[11, 19] Backlog - Remaining performance obligations, a GAAP measure of future revenue, stood at $1.2 billion[7] - Record backlog reached $1.8 billion[7] - Backlog increased from $1.363 billion on March 31, 2024, to $1.813 billion on March 31, 2025[13, 21]

Core Insights - IES Holdings, Inc. reported an 18% increase in revenue and a 19% increase in operating income for the second quarter of fiscal 2025 compared to the same quarter in fiscal 2024, driven by strong demand in its Communications, Infrastructure Solutions, and Commercial & Industrial segments, particularly in the data center market [3][5][7]. Financial Performance - Revenue for the second quarter of fiscal 2025 was $834 million, up from $706 million in the same quarter of fiscal 2024 [5]. - Operating income increased to $92.7 million for the second quarter of fiscal 2025, compared to $77.7 million for the same quarter of fiscal 2024 [5]. - Net income attributable to IES was $70.7 million for the second quarter of fiscal 2025, a 34% increase from $52.9 million in the same quarter of fiscal 2024 [5]. - Diluted earnings per share attributable to common stockholders rose to $3.50 for the second quarter of fiscal 2025, compared to $2.29 for the same quarter of fiscal 2024 [5]. Segment Performance - The Communications segment generated revenue of $273.1 million, a 41% increase from $193.6 million in the second quarter of fiscal 2024, with operating income rising to $39.6 million from $21.9 million [3][7]. - The Residential segment's revenue was $317.9 million, a decrease of 6% from $339.3 million in the same quarter of fiscal 2024, with operating income dropping to $22.7 million from $34.7 million [4][27]. - The Infrastructure Solutions segment reported revenue of $117.6 million, a 55% increase from $75.8 million in the second quarter of fiscal 2024, with operating income increasing to $26.5 million from $16.1 million [7][27]. - The Commercial & Industrial segment's revenue was $125.4 million, a 29% increase from $97.0 million in the same quarter of fiscal 2024, with operating income rising to $15.8 million from $11.7 million [8][27]. Capital Allocation and Investments - The company ended the quarter with $22.4 million in cash and $65.8 million in marketable securities [10]. - Capital expenditures amounted to $30.1 million during the quarter [11]. - IES completed the acquisition of Arrow Engine Company to enhance its Infrastructure Solutions offerings [11]. - The company repurchased 118,314 shares of common stock for $20.4 million, with $173.3 million remaining under its stock repurchase authorization [11]. Future Outlook - The company anticipates continued growth in its multi-family business, expecting increased bid activity to benefit revenues in fiscal 2026 and 2027 [3]. - Despite challenges in the Residential segment due to high mortgage rates and inflation, the company remains optimistic about long-term demand driven by positive demographic trends [3].