NASDAQ$IESC

IES Holdings Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

IES Holdings reported first quarter results for fiscal year 2020, with revenue increasing by 13% year-over-year.

IES Holdings reported a strong first quarter for fiscal year 2020, with revenue reaching $276 million, a 13% increase compared to the previous year. Operating income also saw a significant rise of 31%, reaching $12.4 million. The company's net income attributable to IES was $8.5 million, or $0.39 per diluted share, while adjusted net income was $11.3 million, or $0.54 per diluted share.

  • Revenue for Q1 2020 reached $276 million, a 13% increase year-over-year.
  • Operating income for Q1 2020 increased by 31% to $12.4 million.
  • Net income attributable to IES for Q1 2020 was $8.5 million, or $0.39 per diluted share.
  • Adjusted net income attributable to IES for Q1 2020 increased 35% to $11.3 million, or $0.54 per diluted share.

Headline financials

Total Revenue

$276M

Previous: $244M+13.2%
EPS (adj)

$0.54

Previous: $0.40+35.0%
Remaining performance obligations

$430M

No prior period
Backlog

$509M

No prior period
Free Cash Flow

$8.5M

Previous: $4.8M+77.3%
Net Income

$8.5M

Previous: $6.88M+23.5%
Operating Income

$12.4M

Previous: $9.48M+30.5%
Gross Profit

$50.2M

Previous: $41.6M+20.7%
Cash & Equivalents

$27.3M

Previous: $20.6M+32.7%
Total Assets

$470M

Previous: $423M+11.0%
Stock-Based Comp

$931K

Previous: $49K+1800.0%

Revenue & EPS history

IES Holdings · Revenue · Quarterly

$276M

Q1 2020+13.2%vs Q1 2019

Revenue by segment

IES Holdings · $276M total across 4 segments · Q1 2020

  • Residential
    $92.7M
  • Communications
    $84.3M
  • Commercial & Industrial
    $67.7M
  • Infrastructure Solutions
    $31.3M

Forward guidance

Full year performance is expected to be supported by continued residential and data center end market momentum, offsetting soft results in the near-term at Commercial & Industrial. The company is also actively evaluating acquisition candidates.

Tailwinds

  • Continued residential end market momentum
  • Continued data center end market momentum
  • Streamlining costs in Commercial & Industrial segment
  • Improving project selection in Commercial & Industrial segment
  • Overhauling procurement sourcing in Commercial & Industrial segment

Headwinds

  • Soft results in the near-term at Commercial & Industrial.
  • Inefficiencies on several projects in Commercial & Industrial.
  • Reduced volume in a competitive marketplace for Commercial & Industrial.
  • Risk of change in ownership under Section 382 of the Internal Revenue Code.
  • Competition in the industries in which IES operates

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.7%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+4.7%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+23.4%

Q2 2024

Best reaction

-23.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-6.1%+4.6%+5.2%
Q1 2026-19.8%-15.2%+4.4%
Q4 2025+12.4%+17.5%+14.6%
Q2 2025-1.9%+6.7%+11.7%
Q1 2025-2.4%+4.8%-25.0%
Q4 2024+3.4%+6.1%-21.4%
Q3 2024+3.9%+7.6%+29.0%
Q2 2024+23.4%+27.8%+11.4%
Q1 2024+0.3%+5.2%+32.5%
Q4 2023+14.6%+16.0%+7.9%
Q3 2023+11.2%+19.8%+31.2%
Q2 2023+6.1%+9.0%+19.7%
Q1 2023+1.0%+2.6%+9.1%
Q4 2022-1.7%-8.3%+3.4%
Q3 2022-3.6%-3.3%-10.5%
Q2 2022-23.3%-22.9%-11.8%
Q1 2022-11.2%-16.8%-17.2%
Q4 2021+1.2%+2.8%+1.8%
Q3 2021-1.4%-4.9%-12.0%
Q2 2021+6.1%+0.4%+4.1%
Q1 2021+2.7%-1.0%+6.4%
Q4 2020+4.0%+10.1%+24.0%
Q3 2020+14.5%+22.5%+19.3%
Q2 2020+5.3%+11.7%+18.2%
Q1 2020+4.2%-1.2%-3.1%
Q4 2019+9.8%+12.3%+14.3%
Q3 2019+4.1%+5.6%+6.3%
Q2 2019+1.2%+1.5%+2.3%
Q1 2019+5.9%+9.2%+10.4%
Q4 2018+2.5%+3.1%+1.0%
Q3 2018+9.2%+9.8%+7.0%
Q2 2018+4.1%+1.5%+3.2%
Q1 2018-2.1%-5.4%-2.1%
Q4 2017-8.0%-6.6%-8.8%
Q3 2017-10.3%-7.9%+2.1%
Q2 2017-15.8%-15.4%-20.8%
Q1 2017+11.6%+7.4%+0.5%
Q4 2016+8.9%-1.9%-8.2%
Q3 2016+3.9%-0.1%+21.5%
Q2 2016+14.0%
Q1 2016+2.3%
Q4 2015+7.0%
Q3 2015+11.5%
Q2 2015-4.9%
Q1 2015+10.9%
Q4 2014-5.9%
Q3 2014+5.4%
Q2 2014-1.6%
Q1 2014+0.3%
Q3 2013+1.1%
Q2 2013+3.6%
Q4 2013-0.7%
Q1 2013-0.2%
Q4 2012+1.7%
Q3 2012-4.0%
Q2 2012+3.1%
Q1 2011-6.6%
Q1 2012+0.0%
Q4 2011-1.0%
Q2 2011-1.0%
Q4 2009-1.0%
Q4 2010-0.3%
Q3 2010-0.3%
Q3 2011-0.3%
Q2 2010+8.3%

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