NASDAQ$IESC
IES Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced financial results for the quarter and fiscal year ended September 30, 2022.
IES Holdings reported Q4 2022 results with revenue of $617 million, a 28% increase compared to Q4 2021. However, operating income decreased by 17% to $25.0 million, and net income attributable to IES decreased by 28% to $16.2 million. The company's backlog as of September 30, 2022, was approximately $1.3 billion.
- Revenue of $617 million for the fourth quarter of fiscal 2022, an increase of 28% compared with $484 million for the fourth quarter of fiscal 2021
- Operating income of $25.0 million for the fourth quarter of fiscal 2022, a decrease of 17% compared with $30.1 million for the same quarter of fiscal 2021
- Net income attributable to IES decreased 28% to $16.2 million for the fourth quarter of fiscal 2022, compared with $22.4 million for the same quarter of fiscal 2021; diluted earnings per share attributable to common stockholders of $0.72 for the fourth quarter of fiscal 2022 compared with $1.07 for the fourth quarter of fiscal 2021
- Board replaced our existing share repurchase program with a new $40 million share repurchase authorization
Headline financials
Revenue & EPS history
IES Holdings · Revenue · Quarterly
$617M
Revenue by segment
IES Holdings · $528M total across 3 segments · Q4 2022
- Residential$328M+41.7%62.0%
- Communications$157M+15.0%29.7%
- Infrastructure Solutions$43.4M+12.1%8.2%
Forward guidance
The company anticipates new challenges in fiscal 2023, including slowing demand for single-family housing due to higher interest rates and selling prices, as well as uncertainty regarding the overall economy's impact on customers' capital spending plans.
Tailwinds
- Flexible capital structure
- Low fixed costs
- Strong balance sheet
- Agile in adjusting to changing demand
- Well-positioned to continue to expand service offerings and pursue market share growth
Headwinds
- Higher interest rates
- Higher selling prices
- Slowing demand for single-family housing
- Heightened uncertainty regarding the overall economy
- Potential impact on customers’ future capital spending plans
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 Q4 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
| 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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