Business
IES Holdings Reports Fiscal 2025 Second Quarter Results
HOUSTON, May 02, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter
About this update from Ies Holdings, Inc.
[{"type":"text","content":"HOUSTON, May 02, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter ended March 31, 2025. Second Quarter 2025 Highlights and Recent Developments Revenue of $834 million for the second quarter of fiscal 2025, an increase of 18% compared with $706 million for the same quarter of fiscal 2024Operating income of $92.7 million for the second quarter of fiscal 2025, an increase of 19% compared with $77.7 million for the same quarter of fiscal 2024Net income attributable to IES of $70.7 million for the second quarter of fiscal 2025, an increase of 34% compared with $52.9 million for the same quarter of fiscal 2024, and diluted earnings per share attributable to common stockholders of $3.50 for the second quarter of fiscal 2025, compared with $2.29 for the same quarter of fiscal 2024Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) of $66.6 million for the second quarter of fiscal 2025, an increase of 23% compared with $54.3 million for the same quarter of fiscal 2024, and diluted adjusted earnings per share attributable to common stockholders of $3.30 for the second quarter of fiscal 2025, compared with $2.36 for the same quarter of fiscal 2024Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $1.2 billion as of March 31, 2025Backlog (a non-GAAP financial measure, as defined below) of approximately $1.8 billion as of March 31, 2025 Overview of Results “During the second quarter of fiscal 2025, we continued the momentum we built coming out of 2024 and through the first quarter of fiscal 2025, with an 18% increase in revenue and a 19% increase in operating income compared with the second quarter of fiscal 2024,\" said Jeff Gendell, Chairman and Chief Executive Officer. \"Our Communications, Infrastructure Solutions and Commercial & Industrial segments continue to benefit from strong demand, particularly in the data center market. Operating margins remain strong, reflecting robust customer demand, operating leverage from our increased scale and strong project execution.\" \"In our Residential segment, decreased housing affordability due to high mortgage rates and the impacts of inflation on materials and labor costs, combined wi...