Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q1 2018 Earnings Presentation
13 slides from Ies's earnings presentation, Feb 6, 2018
Slide 1: IES Holdings, Inc. First Quarter 2018 Update
IES Holdings, Inc. First 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: First Quarter 2018 Highlights
First Quarter 2018 Highlights Revenue $198.3 million, an increase of 3.2% compared with the 1st quarter of FY17 (“1Q17”) Income from Operations $2.9 million, a decrease of $4.0 million compared with 1Q17 Taxes Provision for income taxes of $32.2 million includes $31.3 million charge related to the e
Slide 5: First Quarter 2018 Segment Results
First Quarter 2018 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $53.0 million, decrease of 1.8% from 1Q17 Operating Loss: ($0.9) million Operating Margin: (1.8%) Revenue: $54.5 million, increase of 2.2% over 1Q17 Operating Profit: $3.0 million
Slide 6: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 7: Backlog Of $337 Million As Of 12/31/17
Backlog Of $337 Million As Of 12/31/17 Quarterly Backlog
Slide 8: Income Statement
Income Statement (in millions, except earnings per share) Three Months Ended December 31, 2016 2017 Revenue $192.2 $198.3 Income from operations 70 3.0 Interest expense & other 04 03 i $6.6 $2.6 Provision (benefit) for income taxes 26 322 Net it i (0.1) (0.1) Net income attributable to IES Holdings,
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions) 12/31/16 9/30/17__12/31/17 Cash $25.8 $28.3 $31.9 Current Assets 183.6 203.5 1887 Deferred Tax Assets 918 86.2 52.4 Non-Current Assets 907 106.5, 108.0 Total Assets $392.0 $424.5 $380.7 Current Liabilities $1258 $150.6 $135.7 Other Liabilities 68 45 47 Debt 29
Slide 10: Segment Results
Segment Results {in millions) Revenue Commercial & Industrial Communications Infrastructure Solutions Residential Total Revenue Operating Income mercial & Industrial Communications Infrastructure Solutions Residential Corporate Total Operating Income Three Months Ended December 31, 2016 2017 $54.0 $
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