Every 10-Q that IES Holdings, Inc. (IESC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IESC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IESC filings page.
IES Holdings, Inc. reported sharply higher results for the quarter and nine months ended June 30, 2026. Quarterly revenue rose 39.6% to $1,242,697K and operating income increased to $178,547K, helped by strong growth in the Communications, Infrastructure Solutions, and Commercial & Industrial segments. Net income attributable to IES rose to $152,974K, with diluted EPS of $7.57.
For the first nine months, revenue grew 24.8% to $3,087,939K and net income attributable to IES reached $354,322K, or $17.52 per diluted share. Results also include an $80,406K gain on marketable securities and $4,226K of equity method investment income. Remaining performance obligations were $2,801,635K, with $2,289,343K expected to be recognized within 12 months, and management notes backlog is at record levels.
The Residential segment faced weaker single-family and multi-family housing demand, with nine-month revenue declining to $895,758K and operating margin narrowing to 3.5%. Liquidity remains strong, with $77,278K in cash, $310,582K in marketable securities, no long-term debt, and $287,790K of revolver availability. Subsequent to quarter-end, the board approved a two-for-one stock split effective August 2026.
IES Holdings, Inc. reported strong results for the quarter and six months ended March 31, 2026, driven mainly by data center and infrastructure demand. Quarterly revenue rose to $974.3 million from $834.0 million, while net income increased to $110.3 million from $72.6 million, helped by a $37.3 million gain on marketable securities. Basic EPS for the quarter grew to $5.51 from $3.54. For the first half of fiscal 2026, revenue reached $1.85 billion versus $1.58 billion, with net income of $202.1 million compared with $130.3 million. The Communications and Infrastructure Solutions segments posted sharp revenue and margin gains, while the Residential segment saw lower sales and margins due to softer housing demand and pricing pressure. The company acquired Gulf Island Fabrication for $152.0 million, adding fabrication capacity, and ended the period with remaining performance obligations of $2.35 billion. Operating cash flow was $131.0 million, offset by higher capital spending, acquisitions and share repurchases.
IES Holdings reported strong growth for the quarter ended December 31, 2025. Revenue rose to $870.9 million from $749.5 million, driven mainly by data center–related work in the Communications and Infrastructure Solutions segments and solid demand in Commercial & Industrial.
Net income increased to $91.8 million from $57.7 million, with diluted earnings per share rising to $4.51 from $2.72. Gross margin improved to 25.3% as larger, higher-margin projects and better execution offset weakness in the Residential segment, where single-family and multi-family activity declined and pricing was pressured.
The company ended the quarter with $88.8 million in cash, $169.9 million in marketable securities and no borrowings on its $300 million credit facility. Backlog remained elevated, with $1.81 billion in remaining performance obligations and total backlog of $2.60 billion, supported by strong data center demand.
After quarter-end, IES closed the acquisition of Gulf Island Fabrication for $12 per share in cash, valuing the equity at about $192 million, funded partly by a $150 million revolver draw. The company also recorded $4.2 million of equity income from its 12.5% stake in Jett Texas Company LLC and continued to highlight the influence of controlling shareholder Tontine, which owns about 53% of the common stock.
IES Holdings (NASDAQ: IESC) – FY25 Q3 results (quarter ended 6/30/25)
- Revenue up 15.9% YoY to $890.2 M; nine-month sales +17.4% to $2.47 B.
- Gross margin expanded 160 bp to 26.9%, driving operating income +24% to $111.9 M (12.6% margin).
- Net income attributable to IESC rose 24% to $77.2 M; diluted EPS leapt 43% to $3.81 (YTD $10.03, +47%).
- Segment mix: Communications +56% revenue (strength in data centers); Infrastructure Solutions +27%; Commercial & Industrial +20%; Residential -8% as housing affordability and builder incentives pressured single-family volumes.
- Liquidity: Cash & marketable securities $168.3 M vs $20 M revolver draw; YTD operating cash flow $154.1 M. Capex $47.3 M, acquisitions $22.6 M, share buybacks $41.6 M (173 k shares at $174 avg).
- Balance sheet: Total assets $1.47 B; equity $781.4 M; first long-term debt since FY22 ($20 M) after upsizing revolver to $300 M (matures 1/21/30, 3.0×/3.0× leverage & coverage covenants).
- Backlog (remaining performance obligations) $1.30 B; $0.94 B expected to convert within 12 months.
- Subsequent event: acquired remaining 20 % of Edmonson Electric on 7/1/25 for $40 M.
Management cites sustained demand in data centers and industrial markets, while housing affordability headwinds continue to challenge the Residential segment.