earnings
confidence high
sentiment negative
materiality 0.80
IES Holdings Q2 FY2022: revenue $502M (+51%), net loss $5.4M vs $12.8M profit YoY
IES Holdings, Inc.
2022-Q2 EPS reported
$0.38
revenue$982,102,000
- Revenue $502M (+51% YoY); net loss attributable to IES $5.4M ($0.30 diluted) vs net income $12.8M ($0.58) in prior year.
- Commercial & Industrial segment reports operating loss $13.6M including $12.1M loss on two projects at a single branch; segment under strategic review.
- Communications segment operating income down 98% to $0.2M due to $9.3M loss on expansion into new service area; bidding suspended.
- Residential segment revenue up 73%; operating income up 41% to $11.9M; Infrastructure Solutions revenue up 20% but operating income down 79%.
- Operating cash flow $21.6M; credit facility amended to $150M; 810,618 shares remain under repurchase authorization.