IES Holdings Reports Fiscal 2025 Third Quarter Results

About this update from Ies Holdings, Inc.

[{"type":"text","content":"HOUSTON, Aug. 01, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2025. Third Quarter 2025 Highlights and Recent Developments Revenue of $890 million for the third quarter of fiscal 2025, an increase of 16% compared with $768 million for the same quarter of fiscal 2024Operating income of $111.9 million for the third quarter of fiscal 2025, an increase of 24% compared with $90.2 million for the same quarter of fiscal 2024Net income attributable to IES of $77.2 million for the third quarter of fiscal 2025, an increase of 24% compared with $62.1 million for the same quarter of fiscal 2024, and diluted earnings per share attributable to common stockholders of $3.81 for the third quarter of fiscal 2025, compared with $2.67 for the same quarter of fiscal 2024Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) of $79.8 million for the third quarter of fiscal 2025, an increase of 26% compared with $63.2 million for the same quarter of fiscal 2024, and diluted adjusted earnings per share attributable to common stockholders of $3.95 for the third quarter of fiscal 2025, compared with $2.72 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 $1.3 billion as of June 30, 2025Backlog (a non-GAAP financial measure, as defined below) of approximately $2.1 billion as of June 30, 2025Subsequent to quarter end, our Communications segment acquired Qypsys, a Tampa-based provider of wireless network infrastructure Overview of Results “During the third quarter of fiscal 2025, we delivered continued strong performance with a 16% increase in revenue and a 24% increase in operating income compared with the third quarter of fiscal 2024,\" said Matt Simmes, President and Chief Executive Officer. \"Robust demand, particularly in the data center market, continued to drive growth in our Communications, Infrastructure Solutions and Commercial & Industrial segments. Our teams have continued to deliver high quality project execution, allowing us to scale effectively and improve operating margins year over year as we continue to grow. \"In our Residential segment, we continue to face a challenging housi...

More updates from Ies Holdings, Inc.