Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q3 2018 Earnings Presentation
13 slides from Ies's earnings presentation, Aug 3, 2018
Slide 1: IES Holdings, Inc. Third Quarter 2018 Update
IES Holdings, Inc. Third Quarter 2018 Update Exhibit 99.2
Slide 2: Disclosures: Forward-Looking Statements
Disclosures Forward-Looking Statements Certain statements in this document may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions
Slide 3: Revenue, Operating Income, Net Income and Backlog
IES Holdings, Inc. (NASDAQ: IESC) REVENUE OPERATING INCOME NET INCOME ATTRIBUTABLE TO IES BACKLOG * Adjusted net income attributable to IES is a non-GAAP financial measure; see supplemental disclosure for reconciliation table Financial measures presented here are in millions, except for earnings per
Slide 4: Third Quarter 2018 Highlights
Third Quarter 2018 Highlights Revenue $232.6 million, an increase of 11.6% compared with the 3rd quarter of FY17 (“3Q17”) Income from Operations $10.1 million, an increase of $5.4 million compared with 3Q17 Earnings Net income attributable to IES of $8.5 million, or $0.40 per diluted share, compared
Slide 5: Third Quarter 2018 Segment Results
Third Quarter 2018 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $78.2 million, increase of 33.0% over 3Q17 Operating Profit: $3.3 million Operating Margin: 4.3% Revenue: $54.4 million, decrease of 4.8% from 3Q17 Operating Profit: $3.7 million O
Slide 6: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 7: Backlog Of $392 Million As Of 6/30/18
Backlog Of $392 Million As Of 6/30/18 Quarterly Backlog
Slide 8: Income Statement
Income Statement (in millions, except earnings per share) June 30, June 30, 2017 2018 2017 2018 Revenue $208.3 $232.6 $604.2 $636.6 Income from operations 47 10.1 13.3 172 Interest expense & other 04 04 12 12 $44 $97 $12.1 $16.0 Provision (benefit) for income taxes (1.5) 1.0 18 34.6 Net i ing it = (
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions) Cash Current Assets Deferred Tax Assets Non-Current Assets Total Assets Current Liabilities Other Liabilities jebt Total Liabilities Noncontrolling interest Equity Total Liabilities & Equity 6/30/17 9/30/17__ 6/30/18 $23.9 $28.3 $217 199.9 203.5 2123 88.9 86.2
Slide 10: Segment Results
Segment Results {in millions) June 30, June 30, 2017 018 2017 2018 venue Commercial & Industrial $588 $78.2 $168.0 $1967 Communications 571 544 172.4 159.1 Infrastructure Solutions 223 249 596 704 Residential 702 752 204.5 210.3 Total Revenue $2083 $232.6 $604.2 3636.6 Operating Income mercial & Ind
Slide 11: Commercial & Industrial Wind-Down Branches Results
Commercial & Industrial Wind-Down Branches Results The following table presents the operating losses of the Commercial & Industrial Wind-Down Branches for the current and prior year quarter
Slide 12: Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Slide 13: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $378 million as of September 30, 2017, including $142 million associated with amortization of personal goodwill Rights Agreement implemented to deter new 5% shareholders in order to prevent certain limitations on NOLs