Ies Holdings Inc Stock Price, News & Analysis

IES Holdings (NASDAQ: IESC) has scheduled the release of its fiscal 2025 second quarter financial results. The company will publish its earnings report before the market opens on Friday, May 2, 2025.

This brief announcement confirms the timing of IES Holdings' upcoming quarterly financial disclosure, which will provide investors and stakeholders with insights into the company's performance during the second fiscal quarter of 2025.

TriMas (NASDAQ: TRS) has sold its subsidiary Arrow Engine Company to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC). Arrow Engine, based in Tulsa, Oklahoma, specializes in natural gas-powered engines, compressors, and replacement parts for oil and gas production and industrial markets.

Arrow Engine's products are primarily distributed throughout the United States and Canada through a worldwide distribution network. The company manufactures its own engine line and provides spare parts for various industrial engines. The acquisition aligns with IES Holdings' portfolio, which includes electrical and technology systems installation and infrastructure services across various end markets including data centers, residential housing, and commercial facilities.

IES Holdings (NASDAQ: IESC) reported strong financial results for Q1 FY2025. Revenue increased 18% to $750 million compared to $634 million in Q1 FY2024. Operating income grew 29% to $74.6 million, while net income rose 37% to $56.3 million.

The company saw significant growth across multiple segments: Communications revenue increased 36% to $232.9 million, Residential revenue grew 1% to $320.0 million, and Infrastructure Solutions revenue surged 72% to $108.1 million. Commercial & Industrial revenue increased 4% to $88.5 million.

The company maintains a strong financial position with $59.1 million in cash and $53.0 million in marketable securities. Backlog stands at approximately $1.8 billion as of December 31, 2024, with remaining performance obligations of $1.2 billion.

IES Holdings (NASDAQ: IESC) has acquired Arrow Engine Company from TriMas Arrow, based in Tulsa, Oklahoma, specializes in engines, generator sets, compressors, and replacement parts primarily for the natural gas production market. The acquisition includes Arrow's 130,000-square-foot manufacturing facility in Tulsa.

Arrow, with projected 2024 revenue of $20 million, will be integrated into IES's Infrastructure Solutions segment while maintaining its brand name. The acquisition strategically expands IES's power services into oil and gas markets, with plans for substantial investments to expand Arrow's product line and drive growth.

The combined operation will utilize over 1.5 million square feet of manufacturing and fabrication space across facilities in Ohio, Oklahoma, and Pennsylvania.

TriMas (NASDAQ: TRS) has completed the sale of its Arrow Engine business to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC), marking its exit from the oil and gas market sector. The transaction closed on January 31, 2025.

Arrow Engine, founded in 1955, is a provider of natural gas-powered engines and replacement parts for oil field applications, with an estimated 2024 revenue of approximately $20 million. The business primarily serves the United States and Canada through its worldwide distribution network.

Following the sale, Arrow Engine will operate under IES's Infrastructure Solutions segment while maintaining the Arrow name. The 2025 segment reporting for TriMas's Specialty Products will now only include Norris Cylinder's financial performance, along with one month of Arrow Engine's results.

IES Holdings (NASDAQ: IESC) has announced its schedule for the release of fiscal 2025 first quarter results. The company will disclose its financial performance before market opens on Tuesday, February 4, 2025.

IES Holdings (NASDAQ: IESC) has announced a significant enhancement to its credit facilities, amending and restating its Credit and Security Agreement. The company has doubled its revolving credit facility to $300 million from $150 million, with an extended maturity date to January 21, 2030.

The amended agreement transitions IES to a cash flow-based facility, providing increased borrowing capacity compared to the previous asset-based structure. Wells Fargo Bank serves as Administrative Agent, while Wells Fargo Securities and Fifth Third Bank act as Joint Lead Arrangers and Bookrunners.

The expanded credit facility aims to strengthen IES's ability to execute its capital allocation strategy, providing enhanced liquidity and flexibility for organic growth, acquisitions, share repurchases, and other investment opportunities.

CB&I, a leading designer and builder of storage facilities for energy markets, announced the completion of its acquisition by a consortium led by Mason Capital Management in partnership with IES Holdings (NASDAQ: IESC) and other investors. The all-cash equity transaction positions CB&I, formerly a subsidiary of McDermott International, as an independent company with no funded debt.

The deal aims to strengthen CB&I's market position, leveraging its 135+ year heritage in delivering innovative solutions for energy and industrial infrastructure. The company plans to capitalize on strong end-market demand and advance its strategic goals under the new ownership structure.

IES Holdings reported strong financial results for fiscal 2024. Fourth quarter revenue increased 20% to $776 million, with operating income up 41% to $75 million. For the full fiscal year 2024, revenue grew 21% to $2.9 billion, while operating income jumped 88% to $300.9 million. Net income attributable to IES reached $219.1 million, a 102% increase from 2023. The company maintained a strong financial position with no debt and $100.8 million in cash. All four operating segments showed revenue growth and margin expansion, with particularly strong performance in data center markets. The company's backlog stood at approximately $1.8 billion as of September 30, 2024.