NASDAQ$IESC

IES Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

IES Holdings reported first quarter results with increased revenue and operating income compared to the same quarter of fiscal year 2021.

IES Holdings reported a strong first quarter for fiscal year 2022, with a 53% increase in revenue and a 27% increase in operating income compared to the same quarter of the previous year. The company's Communications and Residential businesses led the growth, while strategic investments in working capital were made to support business expansion amid supply chain challenges.

  • Revenue increased by 53% to $481 million compared to the same quarter of fiscal 2021.
  • Operating income increased by 27% to $20.3 million compared to the same quarter of fiscal 2021.
  • Net income attributable to IES increased 20% to $14.5 million, or $0.69 per diluted share.
  • Backlog of approximately $948 million as of December 31, 2021.

Headline financials

Total Revenue

$481M

Previous: $315M+52.6%
EPS (adj)

$0.83

Previous: $0.71+16.9%
Remaining performance obligations

$721M

Previous: $525M+37.3%
Backlog

$948M

Previous: $632M+50.0%
Free Cash Flow

$14.5M

Previous: $12.1M+19.6%
Net Income

$14.5M

Previous: $12.1M+19.6%
Operating Income

$20.3M

Previous: $15.9M+27.4%
Gross Profit

$79.7M

Previous: $58.7M+35.9%
Cash & Equivalents

$7.83M

Previous: $27.3M-71.3%
Total Assets

$785M

Previous: $609M+28.9%
Stock-Based Comp

$900K

Previous: $842K+6.9%

Revenue & EPS history

IES Holdings · Revenue · Quarterly

$481M

Q1 2022+52.6%vs Q1 2021

Revenue by segment

IES Holdings · $411M total across 3 segments · Q1 2022

  • Residential
    $242M+102.3%
  • Communications
    $127M+29.5%
  • Infrastructure Solutions
    $42.1M+22.4%

Forward guidance

The company expects the ongoing COVID-19 pandemic, including supply chain disruptions and labor constraints, will continue to affect them over the next fiscal quarter.

Headwinds

  • The pandemic continues to add uncertainty to our operations.
  • Heightened challenges from the COVID-19 pandemic impacting labor availability and the supply chain.
  • Ongoing pandemic-related headwinds on our business.
  • Impact of supply chain disruptions on our generator enclosure business.
  • COVID-related labor inefficiencies.

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 2022

Historical avgQ1 2022

+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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