IES Holdings Q4 EPS $1.66 vs $0.72 YoY; revenue up 5%; promotes Simmes to President

IES Holdings, Inc.

Q4 revenue $649M (+5% YoY); net income $37.8M (+133%); diluted EPS $1.66.
FY2023 revenue $2.4B (+10%); operating income $159.8M (+185%); diluted EPS $4.54.
Residential segment reorganized; op income $82.9M (+41%) despite severance costs.
No debt; cash $75.8M; $37.6M buyback remaining; operating cash flow $153.9M.
Simmes promoted to President & COO; granted 25k phantom stock units vesting 2026.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Matthew J. Simmes

President and Chief Operating Officer

IESC · IES Holdings, Inc.

Effective: 2023-12-07
Filed: December 7, 2023, 6:59 PM ET

On December 7, 2023, the Company announced the promotion of Matthew J. Simmes, the Company’s Chief Operating Officer, to the position of President, effective as of December 7, 2023.

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 and fiscal year ended September 30, 2023 results: revenue $2.4 billion, net income $108.3 million, EPS $4.54.

Period: the quarter and fiscal year ended September 30, 2023
Revenue: $2.4 billion
Net income: $108.3 million
EPS: $4.54
Result: reported results

Exact text from the filing

“IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2023. Fourth Quarter 2023 Highlights • Revenue of $649 million for the fourth quarter of fiscal 2023, an increase of 5% compared with $617 million for the same quarter of fiscal 2022 • Operating income of $53.2 million for the fourth quarter

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

IES Holdings, Inc. reported the quarter and fiscal year ended September 30, 2023 results: revenue $2.4 billion, net income $108.3 million, EPS $4.54.

Period: the quarter and fiscal year ended September 30, 2023
Revenue: $2.4 billion
Net income: $108.3 million
EPS: $4.54
Result: reported results

Exact text from the filing

of September 30, 2023 • Backlog (a non-GAAP financial measure, as defined below) of approximately $1.6 billion as of September 30, 2023 Fiscal Year 2023 Highlights • Revenue of $2.4 billion for fiscal 2023, an increase of 10% compared with $2.2 billion for fiscal 2022 • Operating income of $159.8 million for fiscal 2023, an increase of 185% compared with $56.0

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew J. Simmes changed role as President and Chief Operating Officer at IES Holdings, Inc..

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

On December 7, 2023, the Company announced the promotion of Matthew J. Simmes, the Company’s Chief Operating Officer, to the position of President, effective as of December 7, 2023.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

IES Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001048268-23-000098

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