IES Holdings Q1 revenue $634M (+10% YoY), EPS $1.87, operating income up 43%

IES Holdings, Inc.

2024-Q1 EPS reported $1.87 revenue$634,444,000

Revenue $634M, up 10% from $575M; operating income $58.0M, up 43% from $40.7M (prior year included $13M gain on STR sale).
Net income $41.0M, up 55%; diluted EPS $1.87 vs $1.14; adjusted EPS $1.87 vs $0.82 (106% increase).
Communications rev $170.7M (+16%), Residential rev $315.9M (-1%), Infrastructure Solutions $62.9M (+28%), C&I $85.0M (+41%).
Cash $87.5M, no debt; backlog $1.5B; remaining performance obligations $1.1B.
$37.6M remaining under stock repurchase authorization; no shares bought in quarter.

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 December 31, 2023 results: revenue $634 million, net income $41.0 million, EPS $1.87.

Period: the quarter ended December 31, 2023
Revenue: $634 million
Net income: $41.0 million
EPS: $1.87
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights • Revenue of $634 million for the first quarter of fiscal 2024, an increase of 10% compared with $575 million for the same quarter of fiscal 2023 • Operating income of $58.0 million for the first quarter of fiscal 2024, an increase of 43% compared with $40.7 million for the same quarter of fiscal 2023; operating income for the first quarter of fiscal 2023 included a pretax gain of $13.0 million from the sale of STR Mechanical in October 2022 • Net income attributable to IES of $41.0 million for the first quarter of fiscal 2024, an increase of 55% compared with $26.4 million for the same quarter of fiscal 2023, and diluted earnings per share attributable to common stockholders of $1.87 for the first quarter of fiscal 2024, compared with $1.14 for the same quarter of fiscal 2023

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IES Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001048268-24-000027

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