IES Holdings Inc

IESC

Equity

ISIN US44951W1062 / Valor 32699617

NASDAQ (2024-12-26)

USD 217.99+3.56%

IES Holdings Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

IES Holdings Inc. is a prominent provider in the electrical and technology systems industry, specializing in the design and installation of integrated solutions. The company caters to a diverse range of end markets, including data centers, residential housing, and commercial and industrial facilities. With a workforce of over 8,000 employees, IES Holdings Inc. operates primarily within the United States, focusing on serving the needs of its clients. The company's commitment extends beyond just its business operations, aiming to support the growth and development of its customers, employees, investors, and the communities in which it operates. Through its specialized services, IES Holdings Inc. plays a crucial role in the infrastructure development and modernization across various sectors.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the second quarter of fiscal 2024, IES Holdings Inc. reported a significant revenue increase to $706 million, marking a 24% rise from $569 million in the same quarter of the previous year. This growth highlights the company's expanding operations and successful market penetration.

Operating Income Surge

IES Holdings Inc. experienced a substantial increase in operating income during the second quarter of fiscal 2024, reaching $77.7 million. This represents a 146% jump compared to $31.6 million recorded in the second quarter of fiscal 2023, demonstrating enhanced operational efficiency and profitability.

Net Income and EPS Growth

The company's net income attributable to IES for the second quarter of fiscal 2024 was $52.9 million, a 146% increase from $21.6 million in the corresponding quarter of the previous year. Diluted earnings per share also rose sharply to $2.29 from $0.92, reflecting strong earnings growth.

Future Revenue Indicators

As of March 31, 2024, IES Holdings Inc. reported remaining performance obligations of approximately $1.1 billion and a backlog of approximately $1.4 billion. These figures suggest a robust pipeline of future revenues, underpinning the company's positive outlook.

Strategic Acquisitions and Capacity Expansion

IES Holdings Inc. completed the acquisition of Greiner Industries on April 1, 2024, enhancing its product offerings and capacity in the Infrastructure Solutions business. Additionally, the company leased a new fabrication facility in South Carolina, aimed at supporting increased demand and expanding geographic reach.

Summarized from source with an LLMView Source

Key figures

165%1Y

328%3Y

743%5Y

Performance

57.6%1Y

48.2%3Y

48.0%5Y

Volatility