---
schema_version: "secwatch.filing_event.v1"
accession: "0001048268-23-000037"
form_type: "8-K"
ticker: "IESC"
cik: "0001048268"
company_name: "IES Holdings, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T05:42:54.492772+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001048268-23-000037
- form_type: 8-K
- ticker: IESC
- cik: 0001048268
- company_name: IES Holdings, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1048268/000104826823000037/0001048268-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000037/iesc-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001048268-23-000037
- JSON: https://secwatch.observer/filing/0001048268-23-000037.json
- Plain text: https://secwatch.observer/filing/0001048268-23-000037.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048268/000104826823000037/0001048268-23-000037-index.htm

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