secwatch.observer — SEC 8-K summary
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Issuer:     IES Holdings, Inc. (IESC)
CIK:        0001048268
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001048268-22-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048268/000104826822000100/0001048268-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048268/000104826822000100/iesc-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001048268-22-000100

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