---
schema_version: "secwatch.filing_event.v1"
accession: "0001048268-22-000100"
form_type: "8-K"
ticker: "IESC"
cik: "0001048268"
company_name: "IES Holdings, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:33:56.195053+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IES Holdings Q4 revenue up 28% to $617M but net income down 28%; Board authorizes new $40M buyback

## Summary
- Q4 diluted EPS $0.72 vs $1.07 YoY; adjusted EPS $0.95 vs $1.30.
- Full-year revenue $2.2B (+41%); net income $34.8M ($1.44 EPS) vs $66.7M ($3.15).
- Communications segment operating income fell 49% on $19.9M project losses; no longer pursuing that new service area.
- Commercial & Industrial segment operating loss $12.3M, including $16.7M losses on two projects and $2.3M legal reserves.
- Board terminated prior program and authorized $40M share repurchase; 266,711 shares bought in Q4 at avg $30.20.

## SEC filing metadata
- accession: 0001048268-22-000100
- form_type: 8-K
- ticker: IESC
- cik: 0001048268
- company_name: IES Holdings, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048268/000104826822000100/0001048268-22-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048268/000104826822000100/iesc-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001048268-22-000100
- JSON: https://secwatch.observer/filing/0001048268-22-000100.json
- Plain text: https://secwatch.observer/filing/0001048268-22-000100.txt

## Key facts
- Earnings Releases
  IES Holdings, Inc. reported for the fourth quarter of fiscal 2022 ended September 30, 2022 results: revenue Revenue of $617 million for the fourth quarter of fiscal 2022, an increase of 28% compared with $484 million for the fou, net income Net income attributable to IES decreased 28% to $16.2 million for the fourth quarter of fiscal 2022, compared with $22.4, EPS diluted earnings per share attributable to common stockholders of $0.72 for the fourth quarter of fiscal 2022 compared w.
  - Period: for the fourth quarter of fiscal 2022 ended September 30, 2022
  - Revenue: Revenue of $617 million for the fourth quarter of fiscal 2022, an increase of 28% compared with $484 million for the fou
  - Net income: Net income attributable to IES decreased 28% to $16.2 million for the fourth quarter of fiscal 2022, compared with $22.4
  - EPS: diluted earnings per share attributable to common stockholders of $0.72 for the fourth quarter of fiscal 2022 compared w
  - Result: reported results
  source text: Fourth Quarter 2022 Highlights • 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 • Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) decreased 23% to $20.9 million for the fourth quarter of 2022 compared with $27.3 million for the same quarter of fiscal 2021; adjusted diluted earnings per share attributable to common stockholders (a non-GAAP financial measure, as def
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048268/000104826822000100/0001048268-22-000100-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.