IES Holdings Q2 FY2023 net income $21.6M ($0.92/share) vs loss a year ago; revenue up 13% to $569M

IES Holdings, Inc.

2023-Q2 EPS reported $2.06 revenue$1,143,755,000

Revenue $569M (+13% YoY); operating income $31.6M vs operating loss $4.9M in Q2 FY2022.
Residential segment revenue $306.1M (+18%), operating income $16.8M (+41%); Communications op income $11.8M vs $0.2M.
Backlog of $1.4B and remaining performance obligations of $1.0B as of March 31, 2023.
Operating cash flow $60.1M YTD; $37.6M remaining under $40M stock buyback program as of March 31, 2023.
All four segments improved profitability; C&I operating income $0.4M vs loss $13.6M a year ago.

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 the quarter ended March 31, 2023 results: revenue $569 million, net income $21.6 million, EPS $0.92 per share.

Period: the quarter ended March 31, 2023
Revenue: $569 million
Net income: $21.6 million
EPS: $0.92 per share
Result: reported results

Exact text from the filing

Second Quarter 2023 Highlights • Revenue of $569 million for the second quarter of fiscal 2023, an increase of 13% compared with $502 million for the same quarter of fiscal 2022 • Operating income of $31.6 million for the second quarter of fiscal 2023, compared with an operating loss of $4.9 million for the same quarter of fiscal 2022 • Net income attributable to IES of $21.6 million, or $0.92 per share for the second quarter of fiscal 2023, compared with a net loss of $5.4 million, or $0.30 per share for the same quarter of fiscal 2022

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IES Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001048268-23-000037

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