NASDAQ$IESC
IES Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Announced financial results with revenue increasing by 20% and operating income increasing by 41% compared to the same quarter of fiscal 2023.
IES Holdings reported a strong fourth quarter and fiscal year 2024, with revenue increasing by 20% and operating income increasing by 41% for the quarter. The company's success was driven by strong demand across key end markets and expansion in Residential plumbing and HVAC services.
- Revenue for Q4 2024 reached $776 million, a 20% increase compared to $649 million in Q4 2023.
- Operating income for Q4 2024 was $75.0 million, a 41% increase compared to $53.2 million in Q4 2023.
- Net income attributable to IES for Q4 2024 was $63.1 million, a 67% increase compared to $37.8 million in Q4 2023, with diluted earnings per share of $3.06 compared to $1.66 in Q4 2023.
- Adjusted net income attributable to IES for Q4 2024 was $57.6 million, a 46% increase compared to $39.5 million in Q4 2023, with diluted adjusted earnings per share of $2.79 compared to $1.74 in Q4 2023.
Headline financials
Revenue & EPS history
IES Holdings · Revenue · Quarterly
$776M
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
Looking forward to fiscal 2025, the company expects continued strong demand in its Communications, Infrastructure Solutions and Commercial & Industrial segments, particularly in data center end markets. The Residential segment remains cautious about near-term single-family housing demand due to affordability challenges.
Tailwinds
- Communications segment expected to benefit from continued strong demand, particularly in data center end markets.
- Infrastructure Solutions segment expected to benefit from continued strong demand, particularly in data center end markets.
- Commercial & Industrial segment expected to benefit from continued strong demand, particularly in data center end markets.
- Opportunities to provide all operating segments with additional capital to drive further organic growth.
- Expect to continue to grow Residential business through further expansion of plumbing and HVAC services.
Headwinds
- Cautious about near-term single-family housing demand due to housing affordability challenges.
- Potential that some buyers may delay home purchases in anticipation of lower mortgage rates.
- Expect to see a reduction in Commercial & Industrial segment revenue for the first quarter of fiscal 2025.
- Increased expenditures on information technology solutions, including ongoing implementation of new ERP system.
- Additional investments in human capital management required for recruiting and retention of a skilled workforce.
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 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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