Business
IES Holdings Reports Fiscal 2026 First Quarter Results
HOUSTON, Jan. 30, 2026 (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, Jan. 30, 2026 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter ended December 31, 2025. First Quarter 2026 Highlights and Recent Developments Revenue of $871 million for the first quarter of fiscal 2026, an increase of 16% compared with $750 million for the same quarter of fiscal 2025Operating income of $97.7 million for the first quarter of fiscal 2026, an increase of 31% compared with $74.6 million for the same quarter of fiscal 2025Net income attributable to IES of $91.4 million for the first quarter of fiscal 2026, an increase of 62% compared with $56.3 million for the same quarter of fiscal 2025, and diluted earnings per share attributable to common stockholders of $4.51 for the first quarter of fiscal 2026, compared with $2.72 for the same quarter of fiscal 2025Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) of $75.2 million for the first quarter of fiscal 2026, an increase of 38% compared with $54.6 million for the same quarter of fiscal 2025, and diluted adjusted earnings per share attributable to common stockholders of $3.71 for the first quarter of fiscal 2026, compared with $2.64 for the same quarter of fiscal 2025Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $1.8 billion as of December 31, 2025Backlog (a non-GAAP financial measure, as defined below) of approximately $2.6 billion as of December 31, 2025Subsequent to quarter end, completed the acquisition of Gulf Island Fabrication, Inc. (\"Gulf Island\"), a leading steel fabricator and service provider for the industrial, energy and government sectors Overview of Results “Fiscal 2026 is off to a strong start,\" said Matt Simmes, President and Chief Executive Officer. \"For the first quarter of fiscal 2026, we delivered a 16% increase in revenue and a 31% increase in operating income compared with the first quarter of fiscal 2025. Robust demand in key end markets, particularly related to data centers, continued to drive growth in our Communications, Infrastructure Solutions and Commercial & Industrial segments. Our ability to deploy craft labor effectively, support our customers with innovative solutions as they expand, and deliver high quality ...