Welcome to our dedicated page for Ies Holdings news (Ticker: IESC), a resource for investors and traders seeking the latest updates and insights on Ies Holdings stock.
IES Holdings Inc (IESC) delivers integrated electrical, HVAC, and technology solutions across residential, commercial, and industrial markets. This news hub provides stakeholders with essential updates on operational developments, strategic initiatives, and market positioning.
Access comprehensive coverage of IESC's construction projects, infrastructure solutions, and technology integrations. Investors will find timely updates on earnings reports, partnership announcements, and progress in key sectors like data center installations and residential solar implementations.
The repository includes press releases detailing project milestones, acquisitions in the infrastructure space, and innovations in electrical system design. Track developments across all business segments: Residential services, Communications infrastructure, Industrial solutions, and Commercial installations.
Bookmark this page for streamlined access to IESC's latest technical achievements and market expansions. Regular updates ensure professionals stay informed about engineering advancements and operational strategies in the construction technology sector.
IES Holdings reported strong financial results for the first quarter of fiscal 2023, with revenue of $575 million, a 20% increase year-over-year. Operating income rose to $40.7 million, compared to $20.3 million in Q1 2022, boosted by a $13 million pretax gain from the sale of STR Mechanical. Net income reached $26.4 million, yielding diluted EPS of $1.14. The company also reported a backlog of approximately $1.3 billion and remaining performance obligations of $1 billion. Despite challenges in the Commercial & Industrial segment, IES remains optimistic about demand in key markets, although it anticipates potential impacts from elevated interest rates.
IES Holdings, Inc. (NASDAQ: IESC) announced it will release its fiscal 2023 first quarter results prior to market opening on February 3, 2023. The Company specializes in designing and installing integrated electrical and technology systems across various sectors, including data centers and residential housing, and employs over 8,000 individuals in the United States. This upcoming release will provide insights into the Company's financial performance and strategic direction.
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