Business
IES Holdings Reports Fiscal 2019 Fourth Quarter and Year-End Results
- Revenue of $1.1 billion for Fiscal 2019, an increase of 23% year-over-year- Fiscal 2019 Net Income Per Share of $1.55 and Adjusted Net Income Per Share of
About this update from Ies Holdings, Inc.
[{"type":"text","content":"- Revenue of $1.1 billion for Fiscal 2019, an increase of 23% year-over-year- Fiscal 2019 Net Income Per Share of $1.55 and Adjusted Net Income Per Share of $1.79\n HOUSTON, Dec. 06, 2019 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2019. Fourth Quarter and Fiscal Year 2019 Highlights Revenue of $294 million for the fourth quarter of fiscal 2019, an increase of 22% compared with $240 million for the fourth quarter of fiscal 2018; Revenue of $1.1 billion for fiscal 2019, an increase of 23% compared with $877 million for fiscal 2018Operating income of $13.9 million for the fourth quarter of fiscal 2019, an increase of 59% compared with $8.7 million for the fourth quarter of fiscal 2018; Operating income of $41.9 million for fiscal 2019, an increase of 61% compared with $26.0 million for fiscal 2018Net income attributable to IES of $9.9 million, or $0.46 per diluted share, for the fourth quarter of fiscal 2019, compared with $4.7 million, or $0.22 per diluted share, for the fourth quarter of fiscal 2018; Net income attributable to IES of $33.2 million, or $1.55 per diluted share, for fiscal 2019, which includes a tax benefit of $4.0 million associated with the recognition of previously unrecognized tax benefits, compared with net loss attributable to IES of $14.2 million, or $0.67 per diluted share, for fiscal 2018, which included a fiscal 2018 charge of $31.3 million related to the enactment of the Tax Cuts and Jobs Act, partly offset by a tax benefit of $1.9 million associated with the recognition of previously unrecognized tax benefitsAdjusted net income attributable to IES (a non-GAAP financial measure, as defined below) increased 26% to $12.5 million, or $0.58 per diluted share, for the fourth quarter of fiscal 2019, compared with $9.9 million, or $0.46 per diluted share, for the fourth quarter of fiscal 2018; Adjusted net income attributable to IES increased 56% to $38.4 million, or $1.79 per diluted share, for fiscal 2019, compared with $24.6 million, or $1.16 per diluted share, for fiscal 2018Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $452 million as of September 30, 2019Backlog (a non-GAAP financial measur...