Ies Holdings (IESC) Stock News

IES Holdings (NASDAQ:IESC) has scheduled the release of its fiscal 2025 third quarter financial results. The company will announce its earnings before market opening on Friday, August 1, 2025.

IES Holdings (NASDAQ: IESC) has completed its previously announced executive succession plan, with significant leadership changes at the top. Matt Simmes has been appointed as the company's new President and Chief Executive Officer, succeeding Jeff Gendell, who transitions to the role of Executive Chairman of the Board. Additionally, Simmes joins the Company's Board of Directors.

In a parallel move, the company announced the appointment of Jordan Lyman as President of IES's Residential segment. Lyman brings over 20 years of experience at IES Residential, including 14 years as Division Manager of the San Antonio Division. He has also been serving on IES Residential's Steering Committee, contributing to operational and process improvements.

IES Holdings announced a planned CEO succession, with Matthew Simmes, current President and COO, set to succeed Jeffrey Gendell as Chief Executive Officer effective July 1, 2025. Simmes, a 31-year veteran of IES, will maintain his role as President and join the Board of Directors. Gendell, who has served as Chairman since 2016 and CEO since 2020, will transition to Executive Chairman, continuing to lead the Board and focus on strategic initiatives including organic growth, acquisitions, and capital allocation. Simmes' extensive experience includes serving as President of the Communications segment (2017-2021) and various leadership roles, contributing to the company's operational and financial success across its four business segments.

IES Holdings (NASDAQ: IESC) has appointed Kelly C. Janzen to its Board of Directors, effective May 12, 2025. Janzen brings over 30 years of financial leadership experience and currently serves as Executive Vice President and CFO of Vestis Corporation (NYSE: VSTS). Her extensive career includes key positions at prominent companies such as BlueLinx Corporation, WestRock Company, Baker Hughes, and McDermott International. Prior to her current role, she worked as a finance executive at Fernweh Group and held various leadership positions at General Electric. Janzen holds a BS in Accounting from Louisiana State University.

IES Holdings (NASDAQ: IESC) reported strong Q2 FY2025 financial results, with revenue increasing 18% to $834 million and operating income rising 19% to $92.7 million compared to Q2 FY2024. Net income grew 34% to $70.7 million, with diluted EPS of $3.50. The Communications, Infrastructure Solutions, and Commercial & Industrial segments showed robust performance, particularly in the data center market. However, the Residential segment faced challenges due to housing affordability issues and high mortgage rates. The company maintains a strong backlog of $1.8 billion and completed strategic moves including the acquisition of Arrow Engine Company and expansion of production facilities. IES ended the quarter with $22.4 million in cash and $65.8 million in marketable securities, while continuing its stock buyback program with 118,314 shares repurchased for $20.4 million.

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.