NASDAQ$IESC

IES Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Reported strong first quarter results driven by increased demand and strong project execution.

IES Holdings reported an 18% increase in revenue and a 29% increase in operating income for the first quarter of fiscal 2025 compared to the same quarter of the prior year. Strong demand in the data center market benefited the Communications, Infrastructure Solutions, and Commercial & Industrial segments. The company also completed the acquisition of Arrow Engine Company subsequent to the end of the quarter.

  • Revenue increased by 18% to $750 million compared to the same quarter last year.
  • Operating income increased by 29% to $74.6 million compared to the same quarter last year.
  • Net income attributable to IES increased by 37% to $56.3 million compared to the same quarter last year, with diluted earnings per share of $2.72.
  • Adjusted net income attributable to IES increased by 33% to $54.6 million compared to the same quarter last year, with diluted adjusted earnings per share of $2.64.

Headline financials

Total Revenue

$750M

Previous: $634M+18.1%
EPS (adj)

$2.64

Previous: $1.87+41.2%
Remaining performance obligations

$1.22B

No prior period
Backlog

$1.75B

No prior period
Capital Expenditures

-$13.2M

Previous: -$6.52M-102.1%
Net Income

$57.7M

Previous: $41M+40.9%
Operating Income

$74.6M

Previous: $58M+28.6%
Gross Profit

$178M

Previous: $144M+23.8%
Stock-Based Comp

$1.95M

Previous: $1.41M+37.7%

Revenue & EPS history

IES Holdings · Revenue · Quarterly

$750M

Q1 2025+18.1%vs Q1 2024
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Revenue by segment

IES Holdings · $567M total across 3 segments · Q4 2023

  • Residential
    $337M+3.0%
  • Communications
    $171M+8.8%
  • Infrastructure Solutions
    $58.4M+34.6%

Forward guidance

Demand in the Florida market has begun to show signs of recovering in the second fiscal quarter, and we anticipate continued improvement through the remainder of fiscal 2025.

Tailwinds

  • Normalization of activity in the key Florida market.
  • Strong operating margins across all businesses.
  • Robust customer demand.
  • Operating leverage from increased scale.
  • Strong project execution.

Headwinds

  • Weather-related impacts on demand in Florida.
  • Concerns over housing affordability.
  • Consumer expectations about future interest rate reductions.
  • Some pockets of reduced demand in certain single-family markets.
  • Hurricanes in Florida negatively impacted housing starts.

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 2025

Historical avgQ1 2025

+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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