IESC
IES Holdings, Inc.447.35
-6.08-1.34%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
8.88BP/E (TTM)
29.76Basic EPS (TTM)
15.03Dividend Yield
0%Recent Filings
8-K
Q4 earnings soar; backlog hits $2.37B
IES Holdings crushed fiscal 2025 with revenue up 17% to $3.37B and operating income rising 27% to $383.5M, fueled by data center boom in Communications and Infrastructure Solutions—while Residential dipped 6% on housing woes. Backlog swelled to $2.37B. CEO Simmes gets SSTIP bonus up to $5M tied to exceeding Adjusted Income targets.
10-K
FY2025 results
IES Holdings crushed FY2025 ended September 30, 2025 with $3.37B revenue, up 16.9% y/y, driven by Communications surging 46.9% to $1.14B on data center demand while Residential dipped 6.1% to $1.30B amid housing woes; Infrastructure Solutions rocketed 42.0% to $499M and Commercial & Industrial grew 16.2% to $428M, lifting gross margins to 25.5% from 24.2%. Operating income hit $384M (11.4% margin), fueled by volume and execution, with net income at $306M or $15.02 diluted EPS. Backlog soared to $2.37B (record), cash flow topped $286M, and they repurchased $41.6M stock while boosting revolver to $300M. Q4 momentum shone in data centers yet Residential softened sequentially. Labor shortages could crimp growth.
8-K
IES to buy Gulf Island for $12/share
IES Holdings signed a merger agreement on November 7, 2025, to acquire Gulf Island Fabrication for $12.00 per share in cash, totaling ~$192M equity value. Merger Sub merges into Gulf Island, which survives as IES's subsidiary, expanding IES's Gulf Coast fabrication footprint and services for infrastructure projects. Boards approved; 20% of shares locked via voting agreements. Closing hinges on shareholder vote, HSR clearance by August 2026.
10-Q
Q3 FY2025 results
IES Holdings posted solid Q3 FY2025 results, with revenues climbing 15.8% year-over-year to $890.2M, fueled by robust demand in data centers across Communications (up 55.6% to $299.2M), Infrastructure Solutions (up 26.9% to $129.5M), and Commercial & Industrial (up 19.5% to $115.4M), though Residential dipped 8.3% to $346.0M amid housing affordability woes. Gross margins expanded to 26.9% from 25.3%, lifting operating income 24.1% to $111.9M, while diluted EPS rose 42.7% to $3.81 on 20.1M shares. Cash swelled to $101.4M, with operating cash flow at $154.1M for the nine months; free cash flow hit $106.8M (derived) after $47.3M capex. The January 2025 Arrow Engine buyout for $22.4M added $1.3M goodwill, bolstering electro-mechanical capabilities. Backlog stands at $2.1B. Yet competition from third parties and ex-employees could squeeze margins on new bids.
8-K
IES Q3 revenue surges 16%
IES Holdings reported fiscal 2025 Q3 revenue of $890 million, up 16% from $768 million last year, with operating income rising 24% to $111.9 million on strong data center demand boosting Communications (up 56% to $299.2 million) and Infrastructure Solutions (up 27% to $129.5 million). Residential dipped 8% to $346.1 million amid housing woes, yet overall net income hit $77.2 million. Post-quarter, Communications acquired Qypsys to enhance wireless expertise. Backlog stands at $2.1 billion.
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