IES Holdings Reports 18.2% Revenue Growth to $833.96 Million in Latest Quarter

IES Holdings, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $833.96 million for the three months ended March 31, 2025, marking an 18.2% increase from $705.73 million in the same period last year. The company’s net income attributable to common stockholders was $70.74 million, or $3.54 per share, compared to $46.97 million, or $2.32 per share, in the prior year. For the six months ended March 31, 2025, total revenues were $1.58 billion, up from $1.34 billion, while net income increased to $125.90 million from $85.14 million.

The company experienced notable changes across its business segments. The Communications segment saw a revenue increase of 41.1% to $273.02 million, driven by heightened demand in the data center market. Conversely, the Residential segment reported a decline in revenue, down 6.3% to $317.97 million, attributed to reduced consumer demand and concerns over housing affordability. The Infrastructure Solutions segment also performed well, with revenues rising 55.2% to $117.62 million, bolstered by strong demand for custom-engineered solutions.

Strategically, IES Holdings made significant acquisitions, including the purchase of Arrow Engine Company for $22.07 million, which contributed to revenue growth in the Infrastructure Solutions segment. The company also expanded its market presence through investments in new technologies and infrastructure, which are expected to enhance operational capacity. As of March 31, 2025, IES Holdings had 19,854,416 shares of common stock outstanding and reported a total asset value of $1.36 billion, up from $1.24 billion at the end of the previous fiscal year.

Operationally, IES Holdings reported a backlog of $1.81 billion, reflecting strong demand across its segments. The company’s cash flow from operations was $62.10 million for the six months ended March 31, 2025, compared to $58.69 million in the prior year. The increase in cash flow was driven by higher earnings, although working capital needs have risen due to business growth and elevated commodity prices. The company also maintained a strong liquidity position, with no outstanding borrowings under its revolving credit facility as of the reporting date.

Looking ahead, IES Holdings anticipates continued demand across its key markets, particularly in data centers. However, the company acknowledges potential challenges, including labor availability and economic conditions that may impact consumer sentiment and housing demand. The management remains optimistic about future growth, supported by a robust backlog and strategic investments aimed at enhancing operational efficiency and market reach.