NASDAQ$IESC

IES Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter fiscal 2021 results, demonstrating revenue growth and increased profitability.

IES Holdings reported a strong first quarter in fiscal 2021, with revenue increasing by 14% to $315 million and operating income rising by 28% to $15.9 million. Net income attributable to IES increased by 42% to $12.1 million, or $0.58 per diluted share. The company's performance was driven by significant growth in the Communications and Residential businesses, as well as strategic acquisitions.

  • Revenue increased by 14% to $315 million compared to the same quarter last year.
  • Operating income increased by 28% to $15.9 million compared to the same quarter last year.
  • Net income attributable to IES increased by 42% to $12.1 million, or $0.58 per diluted share.
  • Adjusted net income attributable to IES increased by 31% to $14.8 million, or $0.71 per diluted share.

Headline financials

Total Revenue

$315M

Previous: $276M+14.1%
EPS (adj)

$0.71

Previous: $0.54+31.5%
Remaining performance obligations

$525M

Previous: $430M+22.1%
Backlog

$632M

Previous: $509M+24.2%
Free Cash Flow

$12.1M

Previous: $8.5M+42.3%
Net Income

$12.1M

Previous: $8.5M+42.3%
Operating Income

$15.9M

Previous: $12.4M+28.5%
Gross Profit

$58.7M

Previous: $50.2M+16.9%
Cash & Equivalents

$27.3M

Previous: $27.3M-0.1%
Total Assets

$609M

Previous: $470M+29.7%
Stock-Based Comp

$842K

Previous: $931K-9.6%

Revenue & EPS history

IES Holdings · Revenue · Quarterly

$315M

Q1 2021+14.1%vs Q1 2020

Revenue by segment

IES Holdings · $315M total across 4 segments · Q1 2021

  • Residential
    $120M+28.9%
  • Communications
    $98.4M+16.7%
  • Commercial & Industrial
    $62.6M-7.5%
  • Infrastructure Solutions
    $34.4M+9.9%

Forward guidance

The company believes that its strong balance sheet provides a solid financial foundation to navigate through this uncertain environment and leaves it well positioned to execute its growth strategy in fiscal 2021.

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 2021

Historical avgQ1 2021

+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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