HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2024. Third Quarter 2024 Highlights and Recent Developments Revenue of $768 million for the third quarter of fiscal 2024, an increase of 31% compared with $584 million for the same quarter of fiscal 2023 Operating income of $90.2 million for the third quarter of fiscal 2024, an increase of 163% compared with $34.3 million for the same quart ...

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2024. Third Quarter 2024 Highlights and Recent Developments Revenue of $768 million for the third quarter of fiscal 2024, an increase of 31% compared with $584 million for the same quarter of fiscal 2023 Operating income of $90.2 million for the third quarter of fiscal 2024, an increase of 163% compared with $34.3 million for the same quart ...

HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced that it will release fiscal 2024 third quarter results before the market opens on Friday, August 2, 2024. About IES Holdings, Inc. IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 9,000 empl ...

IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 9,000 employees serve clients in the United States. For more information about IES, please visit www.ies-co.com. Investor Relations Contact: About IES Holdings, Inc. Tracy McLauchlin Chief Financial Officer IES Holdings, Inc. (713) 860-1500 HOUSTON, July 29, 202 ...

HT T 100 - 100 1 i T 1 IES Holdings, Inc. (NASDAQ:IESC) provides electrical, communications, and infrastructure systems to a broad range of end markets. Headquartered in Houston, Texas, the company operates through four business segments, namely 1) communications, 2) residential, 3) infrastructure solutions, and 4) commercial & industrial. The company's growth model is via organic business expansion and by mining the acquisition pipeline for selective opportunities that either complement its business of inc ...

IES Holdings (NASDAQ:IESC), formerly known as Integrated Electrical Services, is a small company. It employs about 8,000 electricians who wire up everything from houses in subdivisions to high-tech data centers. Currently, IESC stock has a market capitalization of $3.23 billion and is trading at 21 times future earnings estimates. That said, the stock is up 765% in the last five years having more than tripled in the past 12 months. Already in 2024, IES Holdings' share price has doubled. The company recently ...

FOR IMMEDIATE RELEASE EXHIBIT 99.1 IES Holdings Reports Fiscal 2024 Second Quarter Results HOUSTON — May 3, 2024 — IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ: IESC) today announced financial results for the quarter ended March 31, 2024. Second Quarter 2024 Highlights and Recent Developments Overview of Results "We are pleased with our financial performance in the second quarter of fiscal 2024 as the investments we have made to support the organic growth of our businesses positioned us to take ad ...

Financial Performance - Consolidated revenues for the three months ended March 31, 2024, were $705.7 million, an increase of 24.1% compared to $568.9 million for the same period in 2023[111] - Gross profit for the three months ended March 31, 2024, increased to $171.6 million, representing a gross profit margin of 24.3%, up from 17.7% in the same period of 2023[112] - Net income attributable to IES Holdings, Inc. for the three months ended March 31, 2024, was $52.9 million, compared to $21.6 million for the same period in 2023, reflecting a net income margin increase from 3.8% to 7.5%[111] - Consolidated revenues for the six months ended March 31, 2024, were $1.34 billion, an increase of 17.2% compared to $1.14 billion for the same period in 2023[116] - Net income for the six months ended March 31, 2024, was $100.4 million, compared to $52.9 million for the same period in 2023, with a net income margin increase from 4.6% to 7.5%[116] - The overall gross profit percentage for the six months ended March 31, 2024, increased to 23.5%, compared to 17.2% for the same period in 2023[117] Segment Performance - Revenues for the Communications segment increased by $52.4 million, or 37.1%, during the three months ended March 31, 2024, driven by higher demand from data center customers[120] - Gross profit for the Communications segment for the three months ended March 31, 2024, was $38.9 million, with a gross profit margin of 20.1%, up from 17.8% in the same period of 2023[121] - The Residential segment's revenues increased by $33.3 million, or 10.9%, during the three months ended March 31, 2024, driven by strong demand in the single-family business and expansion of plumbing and HVAC offerings[127] - Gross profit in the Residential segment increased by $33.8 million, or 61.7%, for the three months ended March 31, 2024, with gross profit margin rising to 26.1%[128] - Revenues in the Infrastructure Solutions segment increased by $23.2 million, or 44.0%, during the three months ended March 31, 2024, primarily due to strong demand in custom power solutions[134] - Gross profit in the Infrastructure Solutions segment increased by $9.6 million, with gross profit margin improving from 27.0% to 31.3% for the three months ended March 31, 2024[135] - Revenues in the Commercial & Industrial segment increased by $28.0 million, or 40.6%, during the three months ended March 31, 2024, attributed to a large data center project[140] - Gross profit in the Commercial & Industrial segment increased by $13.5 million, with gross profit margin rising from 9.8% to 20.9% for the three months ended March 31, 2024[141] Expenses - Selling, general and administrative expenses for the three months ended March 31, 2024, were $95.3 million, a 37.4% increase from $69.3 million in the same period of 2023[114] - Selling, general and administrative expenses for the six months ended March 31, 2024, were $181.1 million, a 32.1% increase from $137.1 million in the same period of 2023[118] - The Communications segment's selling, general and administrative expenses increased by $6.2 million, or 24.2%, for the six months ended March 31, 2024, compared to the same period in 2023, with expenses as a percentage of revenues at 8.8%[126] - Selling, general and administrative expenses in the Residential segment rose by $17.3 million, or 45.4%, during the three months ended March 31, 2024, with expenses as a percentage of revenue increasing to 16.3%[129] - Selling, general and administrative expenses in the Commercial & Industrial segment increased by $2.3 million, or 36.0%, during the three months ended March 31, 2024, with expenses as a percentage of revenue decreasing to 9.0%[142] Cash Flow and Liquidity - Net cash provided by operating activities for the six months ended March 31, 2024, was $58.7 million, a decrease from $60.1 million in the same period of 2023[172] - Net cash used in investing activities was $11.4 million for the six months ended March 31, 2024, compared to $12.3 million provided in the same period of 2023[173] - Net cash used in financing activities for the six months ended March 31, 2024, was $17.1 million, a decrease from $82.1 million in the same period of 2023[174] - As of March 31, 2024, the company's liquidity was $249.5 million, with excess availability of $143.5 million, representing over 50% of minimum liquidity[168] - The company had no outstanding borrowings under its revolving credit facility as of March 31, 2024[170] Liabilities and Obligations - Total current liabilities increased by $33.7 million to $434.2 million, driven by a $24.0 million increase in billings in excess of costs[162] - Remaining performance obligations as of March 31, 2024, were $1,065.4 million, compared to $1,072.6 million as of December 31, 2023[158] - Backlog as of March 31, 2024, was $1,362.9 million, down from $1,452.1 million as of December 31, 2023[158] - Income tax expense for the six months ended March 31, 2024, was $34.8 million, compared to $18.2 million for the same period in 2023[153] Investments and Capital Expenditures - The company incurred unrealized losses on investments in trading securities of $1.9 million for the six months ended March 31, 2024[151] - Capital expenditures for the fiscal year ending September 30, 2024, are expected to range from $35 million to $45 million, significantly higher than $17.7 million for the fiscal year ended September 30, 2023[178] Other Financial Metrics - Interest expense for the six months ended March 31, 2024, decreased to $0.8 million from $2.2 million in the same period of 2023[150] - The fixed charge coverage ratio was reported at 7.9:1.0 as of March 31, 2024[168] Risk Factors - The company is exposed to fluctuations in commodity prices, including copper and aluminum, which may impact operational results[181] - The company does not currently maintain any hedging contracts to limit exposure to variable interest rates on outstanding borrowings[182]

HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ:IESC) today announced financial results for the quarter ended March 31, 2024. Second Quarter 2024 Highlights and Recent Developments Revenue of $706 million for the second quarter of fiscal 2024, an increase of 24% compared with $569 million for the same quarter of fiscal 2023Operating income of $77.7 million for the second quarter of fiscal 2024, an increase of 146% compared with $31.6 million for the same quar ...

HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or "IES" or the "Company") (NASDAQ:IESC) today announced that it will release fiscal 2024 second quarter results before the market opens on Friday, May 3, 2024. About IES Holdings, Inc. IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our more than 8,000 employ ...