NASDAQ$IESC

IES Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

IES Holdings reported a net loss for the second quarter of fiscal year 2022, impacted by project execution issues and challenging operating conditions.

IES Holdings reported a challenging second quarter with a net loss of $5.4 million, or $0.30 per diluted share, compared to a net income of $12.8 million, or $0.58 per diluted share, in the same quarter last year. The results were negatively impacted by poor project execution, material delays, and workforce disruptions, despite a 51% increase in revenue to $502 million.

  • Revenue increased by 51% to $502 million compared to the same quarter last year.
  • Operating loss was $4.9 million, a significant decrease from the $17.1 million operating income in the prior year's quarter.
  • Net loss attributable to IES was $5.4 million, or $0.30 per diluted share, compared to a net income of $12.8 million, or $0.58 per diluted share, in the same quarter of fiscal 2021.
  • The company faced challenges in project execution, particularly in the Commercial & Industrial and Communications segments, which resulted in losses.

Headline financials

Total Revenue

$502M

Previous: $332M+51.1%
EPS (adj)

-$0.36

Previous: $0.71-150.7%
Remaining performance obligations

$835M

Previous: $614M+36.0%
Backlog

$1.08B

Previous: $707M+53.0%
Free Cash Flow

-$5.41M

Previous: $12.8M-142.2%
Net Income

-$5.41M

Previous: $12.8M-142.2%
Operating Income

-$4.92M

Previous: $17.1M-128.7%
Gross Profit

$58.5M

Previous: $64.9M-9.8%
Cash & Equivalents

$19.3M

Previous: $37.5M-48.6%
Total Assets

$831M

Previous: $616M+35.0%
Stock-Based Comp

$998K

Previous: $858K+16.3%

Revenue & EPS history

IES Holdings · Revenue · Quarterly

$502M

Q2 2022+51.1%vs Q2 2021

Revenue by segment

IES Holdings · $433M total across 3 segments · Q2 2022

  • Residential
    $260M+73.3%
  • Communications
    $131M+37.6%
  • Infrastructure Solutions
    $41.7M+20.2%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q2 2022

Historical avgQ2 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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