secwatch.observer — SEC 8-K summary
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Issuer:     IES Holdings, Inc. (IESC)
CIK:        0001048268
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001048268-23-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048268/000104826823000078/0001048268-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048268/000104826823000078/iesc-20230804.htm
  HTML page:      https://secwatch.observer/filing/0001048268-23-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer