Ies Holdings Inc Stock Price, News & Analysis

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.

IES Holdings, Inc. (NASDAQ: IESC) has appointed Matthew Simmes as its new Chief Operating Officer. Previously, Simmes served as President of the Communications segment since 2017, where he led significant growth and market expansion. This transition allows CEO Jeff Gendell to focus on strategic initiatives while Simmes manages day-to-day operations. With 28 years at IES, Simmes aims to enhance service delivery and foster a thriving workplace culture. His appointment is seen as a pivotal moment for IES, leveraging existing talent to drive future growth.

IES Holdings reported robust financial results for Q4 and FY 2021, with a 46% increase in Q4 revenue to $484 million, and a 29% increase in FY revenue to $1.5 billion. Operating income surged 109% to $30.1 million in Q4, and 71% to $85.6 million for the year. Net income jumped 54% year-over-year to $22.4 million in Q4, with diluted EPS rising to $1.07. Despite supply chain challenges, strong demand across segments, notably Residential, drove these results. The company completed four strategic acquisitions, increasing capabilities and market reach.

IES Holdings, Inc. (NASDAQ: IESC) is set to disclose its fiscal 2021 fourth quarter and year-end results on December 3, 2021, prior to market opening.

IES specializes in designing and installing integrated electrical and technology systems, serving diverse segments including data centers, residential housing, and commercial and industrial facilities. The company employs over 6,500 people across the United States.

IES Holdings announced an investment in Automation Intellect, a SaaS company specializing in machine performance analytics located in Charlotte, NC. This marks IES's first early-stage investment aimed at enhancing technology in manufacturing. IES's Communication segment will serve as the preferred installation partner for Automation Intellect’s platform. CEO Jeff Gendell emphasized the potential for growth and cross-selling opportunities. Automation Intellect plans to bolster its sales team with this funding, aligning closely with IES's operational goals.

IES Holdings, Inc. reported third-quarter fiscal 2021 results showcasing a 38% revenue increase to $406 million, driven by strong demand across all segments. Operating income rose 60% to $22.5 million and net income increased 57% to $19.3 million, with diluted EPS of $0.92. The company’s backlog amounted to $825 million. Key highlights include a 73% surge in Residential segment revenue and the acquisition of Edmonson Electric, enhancing market capabilities amidst ongoing economic recovery.

IES Holdings, Inc. (NASDAQ: IESC) will release its fiscal 2021 third quarter results on Thursday, August 5, 2021, before the market opens. The company, which operates as a holding entity with over 5,700 employees, designs and installs integrated electrical and technology systems. IES serves diverse markets, including data centers, residential housing, and commercial and industrial facilities across the United States.

IES Holdings, Inc. (NASDAQ: IESC) has acquired the remaining 20% ownership of STR Mechanical, LLC, enhancing its stake after initially buying 80% in 2016. STR, based in Charlotte, provides HVAC services and temperature control installations across the Carolinas and Virginia. CEO Jeff Gendell expressed gratitude towards STR’s former CEO and emphasized IES’s commitment to expanding its mechanical services through organic growth and strategic acquisitions.