NASDAQ$IESC
IES Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a strong financial performance driven by investments and market strength.
IES Holdings reported a significant increase in revenue and profitability for the second quarter of fiscal year 2024. Revenue increased by 24% to $706 million, and operating income increased by 146% to $77.7 million. Net income attributable to IES also increased by 146% to $52.9 million, with diluted earnings per share at $2.29.
- Revenue increased by 24% to $706 million compared to the same quarter last year.
- Operating income increased by 146% to $77.7 million compared to the same quarter last year.
- Net income attributable to IES increased by 146% to $52.9 million compared to the same quarter last year.
- Completed the acquisition of Greiner Industries, expanding Infrastructure Solutions business.
Headline financials
Revenue & EPS history
IES Holdings · Revenue · Quarterly
$706M
Revenue by segment
IES Holdings · $567M total across 3 segments · Q4 2023
- Residential$337M+3.0%59.5%
- Communications$171M+8.8%30.2%
- Infrastructure Solutions$58.4M+34.6%10.3%
Forward guidance
The company expects continued strong performance across all four segments for the remainder of the fiscal year, while continuing to monitor housing markets. They expect to continue to generate significant cash flow for the remainder of fiscal 2024, which will be available to fund both organic expansion and acquisitions, as well as provide capital for stock repurchases or other investments.
Tailwinds
- Continued strength across all four segments.
- Focus on improving procurement and other processes.
- Investments in upgrading and expanding capacity.
- Pursuing margin expansion through improved contract terms.
- Refocus efforts on profitable growth.
Headwinds
- Monitoring housing markets for any signs of slowing activity.
- Higher cash tax rate in fiscal 2024 due to substantial utilization of federal tax net operating loss carryforwards during fiscal 2023.
- Potential slowing of new project activity in the multi-family market.
- Impact of elevated interest rates on demand for residential housing.
- Managing contract risk.
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 2024
+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
| Quarter | Report date | Reaction (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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