earnings
confidence high
sentiment positive
materiality 0.80
IES Holdings Q3 revenue up 31% to $768M, EPS $2.67; Board authorizes $200M buyback
IES Holdings, Inc.
2024-Q3 EPS reported
$6.84
revenue$2,108,592,000
- Q3 revenue $768M (+31% YoY); operating income $90.2M (+163%); net income $62.1M (+175%).
- Diluted EPS $2.67 vs $0.81 YoY; adjusted EPS $2.67 vs $1.08 YoY (+123%).
- Communications revenue $192.3M (+36%) driven by data center demand; Residential rev $377.5M (+19%).
- Commercial & Industrial rev $96.6M (+42%) but near-term decrease expected as large data center project ends.
- Board authorized new $200M share repurchase program on July 31, 2024; $20.9M repurchased in Q3.