Ies Holdings Inc Stock Price, News & Analysis

IES Holdings announced the appointment of Elizabeth D. Leykum to its Board of Directors on April 19, 2021. Leykum brings over 20 years of experience in corporate governance and finance, currently serving as founder of Serenade Capital LLC. Previously, she co-founded HEG Capital LLC and worked at ESL Investments. Leykum's expertise is expected to enhance the board's strategic oversight. IES, operating in integrated electrical and technology systems, employs over 5,000 people and serves various markets including data centers and commercial facilities.

IES Holdings, Inc. (NASDAQ: IESC) announced its first quarter 2021 financial results, reporting revenue of $315 million, a 14% increase year-over-year. Operating income rose 28% to $15.9 million, while net income surged 42% to $12.1 million, or $0.58 per diluted share. Adjusted net income was $14.8 million, equating to $0.71 per diluted share. The company reported a backlog of approximately $632 million and expressed confidence in navigating challenges posed by the COVID-19 pandemic while focusing on safety and customer needs.

IES Holdings, Inc. (NASDAQ: IESC) will announce its fiscal 2021 first quarter results on February 5, 2021, before market opening. The company operates in the design and installation of integrated electrical and technology systems across various sectors, including data centers and residential housing. With a workforce of over 5,000 employees, IES serves a wide range of clients throughout the United States.

IES Holdings, Inc. (NASDAQ: IESC) has acquired an 80% stake in Bayonet Plumbing, Heating and Air-Conditioning, LLC, a Florida-based provider of HVAC and plumbing services, with trailing 12-month revenue of approximately $86 million. This acquisition aims to expand IES's geographic footprint and enhance its residential market service offerings. Bayonet will continue to operate under its name, with its current leadership retaining a 20% interest. The deal positions IES for growth in the Florida market, integrating HVAC and plumbing services into its residential segment.

IES Holdings reported strong financial results for Q4 and the fiscal year ended September 30, 2020. Q4 revenue rose 13% to $330 million, while net income was $14.6 million, or $0.68 per diluted share, reflecting a 47% increase from the prior year. Fiscal 2020 revenue reached $1.2 billion, an 11% increase year-over-year, with net income of $41.6 million, or $1.94 per diluted share. Adjusted net income surged 41% to $54.2 million. A backlog of $602 million positions the company well for future growth despite a goodwill impairment charge of $7 million.

IES Holdings, Inc. (NASDAQ: IESC) is set to release its fiscal 2020 fourth quarter and year-end results on December 7, 2020, before market opening. The company focuses on integrated electrical and technology systems, along with infrastructure products and services for various end markets, including data centers and residential housing. With over 5,000 employees, IES serves clients across the United States. This upcoming earnings report may provide insights into the company's financial performance and operational status.

IES Holdings, Inc. (NASDAQ: IESC) has acquired Wedlake Fabricating, Inc., a Tulsa-based manufacturer of custom generator enclosures. This acquisition enhances IES's Infrastructure Solutions segment, expanding its manufacturing capacity and geographic reach in the Midwest, an area identified for significant growth potential. Wedlake's operational expertise combines with IES’s resources to strengthen market opportunities. Wedlake will retain its name, and Brian Wedlake, Jr. will take on the role of general manager. The move aims to grow the Wedlake brand and improve product offerings for customers.

IES Holdings, Inc. (NASDAQ: IESC) has acquired K.E.P. Electric, Inc., a Batavia, OH-based electrical contractor specializing in residential electrical systems. KEP generated approximately $30 million in revenue in 2019 and will become part of IES's Residential segment. This acquisition is part of IES's strategy to expand into growth markets, particularly in Greater Cincinnati, Columbus, and Kentucky. Both companies aim to leverage synergies for improved market presence and customer service.

IES Holdings, Inc. (NASDAQ: IESC) has appointed Jeffrey L. Gendell as its Chief Executive Officer, a role he has fulfilled on an interim basis since July 31, 2020. Gendell, who is also the Chairman of the Board, is the managing member and founder of Tontine Associates, L.L.C., the Company’s majority shareholder. He has been a board member since November 2016. IES provides electrical contracting and infrastructure services across various markets, employing approximately 5,500 individuals in the U.S.