IES Holdings Q3 FY2023 revenue up 3% to $584M; operating income doubles to $34.3M

IES Holdings, Inc.

2023-Q3 EPS reported $2.88 revenue$1,728,206,000

Operating income $34.3M vs $15.6M YoY; net income $22.5M ($0.81 diluted EPS) vs $9.5M ($0.33).
Adjusted net income $27.9M ($1.08 adjusted EPS) vs $12.1M ($0.46).
Backlog $1.5B; remaining performance obligations $1.1B as of June 30, 2023.
Residential segment reorganized with $3.6M severance charge; expects FY2024 profitability improvement.
Cash net of debt $28.6M; operating cash flow $96.6M in first nine months.

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 1.0

IES Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $584 million, net income Net income attributable to IES of $22.5 million, EPS diluted earnings per share attributable to common stockholders of $0.81.

Period: the quarter ended June 30, 2023
Revenue: $584 million
Net income: Net income attributable to IES of $22.5 million
EPS: diluted earnings per share attributable to common stockholders of $0.81
Result: reported results

Exact text from the filing

IES Holdings Reports Fiscal 2023 Third Quarter Results HOUSTON — August 4, 2023 — IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2023. Third Quarter 2023 Highlights • Revenue of $584 million for the third quarter of fiscal 2023, an increase of 3% compared with $567 million for the same quarter of fiscal 2022 • Operating income of $34.3 million for the third quarter of fiscal 2023, compared with $15.6 million for the same quarter of fiscal 2022 • Net income attributable to IES of $22.5 million for the third quarter of fiscal 2023, compared with $9.5 million for the same quarter of fiscal 2022, and diluted earnings per share attributable to common stockholders of $0.81 for the third quarter of fiscal 2023, compared with $0.33 for the same quarter of fiscal 2022

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Source: SEC EDGAR

accession 0001048268-23-000078

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