IES Holdings Q1 revenue up 20% to $575M, adjusted EPS $0.82; backlog $1.3B

IES Holdings, Inc.

2023-Q1 EPS reported $1.14 revenue$574,874,000

Revenue $575M (+20% YoY); operating income $40.7M (incl. $13M gain from STR Mechanical sale).
Adjusted net income $19.9M; adjusted diluted EPS $0.82 vs $0.83 in prior year.
Residential segment revenue +32% to $318M; Infrastructure Solutions op income +176% to $4.7M.
Stock buyback program authorized $40M; 219,731 shares repurchased at avg $30.97 in Q1.
Expect to fully utilize federal NOLs in FY2023; began federal estimated tax payments in Jan 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IES Holdings, Inc. reported first quarter of fiscal 2023 ended December 31, 2022 results: revenue $575 million, net income $26.4 million, EPS $1.14 per diluted share.

Period: first quarter of fiscal 2023 ended December 31, 2022
Revenue: $575 million
Net income: $26.4 million
EPS: $1.14 per diluted share
Result: reported results

Exact text from the filing

Revenue of $575 million for the first quarter of fiscal 2023, an increase of 20% compared with $481 million for the same quarter of fiscal 2022 • Operating income of $40.7 million for the first quarter of fiscal 2023, compared with $20.3 million for the same quarter of fiscal 2022; operating income for the first quarter of fiscal 2023 includes a pretax gain of $13.0 million from the sale of STR Mechanical; excluding this gain, operating income increased 37% compared with the first quarter of fiscal 2022 • Net income attributable to IES of $26.4 million for the first quarter of fiscal 2023, compared with $14.5 million for the same quarter of fiscal 2022, and diluted earnings per share attributable to common stockholders of $1.14 and $0.69, respectively

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IES Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001048268-23-000019

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