IES Holdings Q1 revenue up 16% to $871M; EPS $4.51; acquires Gulf Island Fabrication for $192M

IES Holdings, Inc.

2026-Q1 EPS reported $4.51 revenue$870,958,000

Revenue $871M (+16% YoY); operating income $97.7M (+31%); net income $91.4M ($4.51 diluted EPS).
Adjusted net income $75.2M, adjusted diluted EPS $3.71, up 38% and 41% YoY respectively.
Communications revenue +51% to $351.9M on data center demand; Residential -11% to $284.1M on housing softness.
Backlog $2.6B; remaining performance obligations $1.8B as of Dec 31, 2025.
Post-quarter acquired Gulf Island Fabrication for ~$192M equity value (net $152M after cash), funded with cash and credit facility.

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