Ies Holdings Inc Stock Price, News & Analysis

IES Holdings, Inc. (NASDAQ: IESC) plans to release its fiscal 2022 fourth quarter and year-end results on December 6, 2022, before the market opens. The company specializes in designing and installing integrated electrical and technology systems, serving diverse sectors, including data centers and residential housing. With over 6,500 employees, IES provides infrastructure products and services across the United States. Investors and analysts are anticipating insights into the company’s financial performance during this period.

IES Holdings announced the sale of STR Mechanical and its subsidiary to an affiliate of SkyKnight Capital. STR, acquired by IES in 2016, provided HVAC services and was part of IES’s Commercial & Industrial segment. CEO Jeff Gendell noted that the divestiture aligns with a strategic review aimed at enhancing focus on core operations. IES expressed gratitude towards the STR team for their contributions and expressed confidence in STR's future under SkyKnight. FMI Capital Advisors acted as the exclusive financial advisor for this transaction.

IES Holdings, Inc. (NASDAQ: IESC) reported a 40% revenue increase for Q3 FY2022, totaling $567 million, compared to $406 million in Q3 FY2021. Operating income fell 30% to $15.6 million, with net income at $9.5 million ($0.33 per share), down from $19.3 million ($0.92 per share) year-over-year. Despite strong demand, challenges from volatile commodities, labor inefficiencies, and prior project losses impacted profitability. The company's backlog is approximately $1.2 billion, with remaining performance obligations at $894 million.

IES Holdings, Inc. (NASDAQ: IESC) will announce its fiscal 2022 third quarter results on August 4, 2022, prior to market opening. The company specializes in designing and installing integrated electrical and technology systems, serving diverse markets including data centers, residential housing, and commercial facilities. With a workforce exceeding 6,500 employees, IES operates primarily in the United States, delivering essential infrastructure products and services.

IES Holdings reported Q2 2022 revenue of $502 million, marking a 51% increase from $332 million in Q2 2021. However, the company incurred an operating loss of $4.9 million compared to an operating income of $17.1 million last year. A net loss attributable to IES was $5.4 million, or $0.30 per diluted share, a drop from $12.8 million in Q2 2021. The report cites project execution issues and material delays as key challenges affecting performance.

IES Holdings, Inc. (NASDAQ: IESC) will announce its fiscal 2022 second quarter results on April 29, 2022, prior to market opening. The company specializes in designing and installing integrated electrical and technology systems, serving diverse markets like data centers, residential, and commercial infrastructures with over 6,500 employees across the U.S. This upcoming earnings release could provide insights into the company's performance and strategic direction going forward.

IES Holdings, Inc. (NASDAQ: IESC) reported strong financial results for Q1 2022, with revenue of $481 million, a 53% increase year-over-year. Operating income rose 27% to $20.3 million, and net income increased 20% to $14.5 million or $0.69 per diluted share. Adjusted net income also grew by 19% to $17.6 million. The company reported remaining performance obligations of $721 million and a backlog of $948 million. Despite challenges from the COVID-19 pandemic affecting labor and supply chains, demand for services remains robust.

IES Holdings, Inc. (NASDAQ: IESC) will release its fiscal 2022 first quarter results on February 2, 2022, prior to market opening. The Company specializes in designing and installing integrated electrical and technology systems across multiple sectors, such as data centers, residential housing, and commercial facilities. With a workforce exceeding 6,500 employees, IES is positioned to cater to a diverse clientele in the U.S. More details on IES's operations can be found at www.ies-co.com.

IES Holdings, Inc. (NASDAQ: IESC) announced the appointment of Jennifer A. Baldock to its Board of Directors as of December 31, 2021. Baldock brings extensive board leadership and governance experience from her roles at CCF Holdings, Greenwich Emergency Medical Service, and others. She previously held senior positions at World Color Press. The company also announced the resignation of Joseph L. Dowling III from the board, effective the same date, due to increased professional commitments. This leadership change is expected to enhance the board's skill set.