Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q1 2019 Earnings Presentation
12 slides from Ies's earnings presentation, Feb 5, 2019
Slide 1: IES Holdings, Inc. – First Quarter 2019 Update
IES Holdings, Inc. – First Quarter 2019 Update February 5, 2019 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 herein are in millions, except for earnings p
Slide 4: First Quarter 2019 Highlights
First Quarter 2019 Highlights Revenue $243.8 million, an increase of 23% compared to $198.3 million in the first quarter of FY18 (“1Q18”) Operating Income $9.5 million, an increase of 217% compared to $3.0 million in 1Q18 Earnings Net income attributable to IES of $6.9 million, or $0.32 per diluted
Slide 5: First Quarter 2019 Segment Results
First Quarter 2019 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $72.6 million, an increase of 36.9% over 1Q18 Operating Profit: $2.0 million Operating Margin: 2.7% Revenue: $69.3 million, an increase of 27.3% from 1Q18 Operating Profit: $5.0 mi
Slide 6: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 7: Backlog of $538 Million as of 12/31/18
Backlog Of $538 Million As Of 12/31/18 Quarterly Backlog
Slide 8: Income Statement
Income Statement (in millions, except earnings per share) Three Months Ended December 31, — 2017 __ 20018 Revenue $198.3 $243.8 Income from operations 3.0 95 Interest expense & other 03 0.6 Income from operations before income taxes $2.6 $8.9 Provision for income taxes 32.2 19 Neti i jing interest (
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions) 12/31/17 9/30/18 12/31/18 Cash $31.9 $26.2 $20.6 Current Assets 188.7 236.4 245.2 Deferred Tax Assets 52.1 46.6 45.0 Non-Current Assets 108.0 112.7 112.3 Total Assets $380.7 $422.0 $423.1 Current Liabilities $135.7 $164.4 $161.2 Other Liabilities 47 44 3.8 Deb
Slide 10: Segment Results
Segment Results (in millions) Revenue Commercial & Industrial Communications Infrastructure Solutions Residential Total Revenue Operating Income Commercial & Industrial Communications Infrastructure Solutions Residential Corporate Total Operating Income Three Months Ended December 31, 2017 __ 2018 $
Slide 11: 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 12: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $355 million as of September 30, 2018, including $133 million associated with amortization of personal goodwill Rights Agreement implemented to deter new 5% shareholders in order to prevent certain limitations on NOLs