Business
IES Holdings Reports Fiscal 2020 Third Quarter Results
- Revenue of $293 million, an increase of 4% year-over-year- Operating income of $14 million, an increase of 37% year-over-year - Net Income Per Share of
About this update from Ies Holdings, Inc.
[{"type":"text","content":"- Revenue of $293 million, an increase of 4% year-over-year- Operating income of $14 million, an increase of 37% year-over-year - Net Income Per Share of $0.58 and Adjusted Net Income Per Share of $0.61 \n HOUSTON, Aug. 07, 2020 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2020. Third Quarter 2020 Highlights Revenue of $293 million for the third quarter of fiscal 2020, an increase of 4% compared with $283 million for the same quarter of fiscal 2019Operating income of $14.1 million for the third quarter of fiscal 2020, an increase of 37% compared with $10.2 million for the same quarter of fiscal 2019Net income attributable to IES of $12.3 million, or $0.58 per diluted share, for the third quarter of fiscal 2020, compared with $11.0 million, or $0.52 per diluted share, for the same quarter of fiscal 2019Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) increased 38% to $12.8 million, or $0.61 per diluted share, for the third quarter of fiscal 2020, compared with $9.3 million, or $0.44 per diluted share, for the same quarter of fiscal 2019Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $523 million as of June 30, 2020Backlog (a non-GAAP financial measure, as defined below) of approximately $597 million as of June 30, 2020 Nine Months 2020 Highlights Revenue of $860 million for the first nine months of fiscal 2020, an increase of 10% compared with $783 million for the same period of fiscal 2019Operating income of $35.7 million for the first nine months of fiscal 2020, an increase of 28% compared with $27.9 million for the same period of fiscal 2019Net income attributable to IES of $27.0 million, or $1.26 per diluted share, for the first nine months of fiscal 2020, compared with $23.3 million, or $1.09 per diluted share, for the same period of fiscal 2019Adjusted net income attributable to IES increased 24% to $32.1 million, or $1.52 per diluted share, for the first nine months of fiscal 2020, compared with $25.9 million, or $1.21 per diluted share, for the same period of fiscal 2019 Management Commentary“First and foremost, I am proud of the perseverance and determination that our team has displayed sin...