IES Holdings (IESC) Company Report

Revenue for Q1 2026 was $871 million, an increase of 16% year-over-year.
Operating income for the quarter reached $97.7 million, growing 31% year-over-year.
Earnings per share for Q1 2026 was $4.51, with adjusted earnings per share at $3.71.
As of December 31, 2025, backlog stood at $2.6 billion and remaining performance obligations were $1.8 billion.
The Communications segment reported a 51% increase in revenue to $351.9 million and a 101% increase in operating income to $57.4 million in Q1 2026 compared to Q1 2025.

8 days ago

Presentation

IES Holdings Announces Strong Fiscal Q1 2026 Results and Gulf Island Acquisition

IESC

Earnings

M&A

Revenue Acceleration/Inflection

IES Holdings, Inc. reported revenue of $871 million for the first quarter of fiscal 2026, marking a 16% increase compared to $750 million in the same quarter of fiscal 2025.
Operating income rose by 31% to $97.7 million for Q1 fiscal 2026, up from $74.6 million in the prior year.
Net income attributable to IES increased by 62% to $91.4 million, with diluted earnings per share attributable to common stockholders at $4.51 for Q1 fiscal 2026, compared to $2.72 in Q1 fiscal 2025.
As of December 31, 2025, the company's backlog stood at approximately $2.6 billion, with remaining performance obligations of approximately $1.8 billion.
Subsequent to the quarter end, IES Holdings completed the acquisition of Gulf Island Fabrication, Inc., which adds significant capacity and capabilities to its Infrastructure Solutions segment.

8 days ago

8-K

IES Holdings Reports Strong Fiscal 2026 First Quarter Results

IESC

Earnings

Revenue Acceleration/Inflection

M&A

IES Holdings reported strong financial results for the first quarter of fiscal 2026, with revenue increasing 16% to $871 million and diluted earnings per share rising to $4.51 compared to the prior year.
Operating income grew 31% to $97.7 million and net income attributable to IES increased 62% to $91.4 million for the quarter ended December 31, 2025.
The company's backlog was approximately $2.6 billion as of December 31, 2025, and it completed the acquisition of Gulf Island Fabrication, Inc. subsequent to quarter end.
IES Holdings ended the quarter with $88.8 million of cash, no debt, and $169.9 million of marketable securities.

8 days ago

Press Release

IES Holdings Completes Acquisition of Gulf Island Fabrication

IESC

M&A

New Projects/Investments

IES Holdings, Inc. (IESC) completed its acquisition of Gulf Island Fabrication, Inc. on January 16, 2026.
The acquisition was for $12 per share in cash, representing an aggregate equity value of approximately $192 million and an enterprise value of approximately $152 million.
Gulf Island will become part of IES's Infrastructure Solutions segment, enhancing its capacity and capabilities for custom engineered solutions, including generator enclosures and related power products.
This acquisition advances IES's strategy to expand its role in U.S. infrastructure and capitalize on growth in data center customers and opportunities in the energy markets.

Jan 16, 2026, 1:35 PM

Press Release

IES Holdings, Inc. Announces Strong Q4 2025 Results and Acquisition Agreement

IESC

Earnings

Revenue Acceleration/Inflection

M&A

IES Holdings, Inc. reported revenue of $898 million for the fourth quarter of fiscal 2025, representing a 16% increase year-over-year, and operating income of $104.3 million, up 39% year-over-year.
Earnings per share were $4.99, with adjusted earnings per share at $3.77 for Q4 2025.
The company achieved a record backlog of $2.4 billion as of September 30, 2025.
Subsequent to the quarter end, IES Holdings, Inc. entered into a definitive agreement to acquire Gulf Island Fabrication, Inc..

Nov 21, 2025, 2:30 PM

Presentation

IES Holdings Reports Strong Fiscal 2025 Fourth Quarter and Full Year Results

IESC

Earnings

M&A

Revenue Acceleration/Inflection

IES Holdings, Inc. reported record fiscal year 2025 results, with revenue of $3.37 billion, a 17% increase compared to fiscal 2024, and diluted earnings per share of $15.02, up 52% from fiscal 2024.
For the fourth quarter of fiscal 2025, revenue increased 16% to $898 million, and diluted earnings per share rose 63% to $4.99 compared to the same quarter in fiscal 2024.
The company's backlog, a non-GAAP financial measure, was approximately $2.37 billion as of September 30, 2025, indicating future revenue potential.
Subsequent to quarter end, IES Holdings, Inc. entered into a definitive agreement to acquire Gulf Island Fabrication, Inc., and expects continued growth in its Communications, Infrastructure Solutions, and Commercial & Industrial operating segments in fiscal 2026, particularly driven by strong demand in the data center end market.

Nov 21, 2025, 12:55 PM

8-K

IES Holdings to Acquire Gulf Island Fabrication

IESC

M&A

New Projects/Investments

Takeover Bid

IES Holdings, Inc. has entered into a definitive agreement to acquire Gulf Island Fabrication, Inc..
IES will pay $12.00 in cash per Gulf Island share, totaling an aggregate equity value of approximately $192 million.
This offer represents a 52% premium to Gulf Island's trading price as of November 6, 2025.
The transaction is expected to close in the quarter ending March 31, 2026, subject to Gulf Island shareholder and regulatory approvals.
The acquisition is strategically aimed at expanding IES's fabrication footprint and services capabilities, leveraging Gulf Island's 450,000-square foot facility on 160 acres in Houma, Louisiana.

Nov 12, 2025, 10:07 PM

8-K

IES Holdings to Acquire Gulf Island Fabrication

IESC

M&A

Takeover Bid

IES Holdings has entered into a definitive agreement to acquire Gulf Island Fabrication, Inc. for $12.00 in cash per share, representing an aggregate equity value of approximately $192 million.
This acquisition price offers a 52% premium to Gulf Island's trading price as of November 6, 2025.
The transaction is expected to close in the quarter ending March 31, 2026, pending Gulf Island shareholder and regulatory approvals.
The strategic rationale for the acquisition includes expanding IES's capabilities in complex steel structures and specialty services, supporting growth in the data center market and U.S. infrastructure.

Nov 7, 2025, 1:15 PM

Press Release

IES Holdings Reports Fiscal Year 2024 Results and Provides Fiscal Year 2025 Outlook

IESC

Earnings

Guidance Update

New Projects/Investments

IES Holdings reported approximately $2.9 billion in total revenue and $9.62 per share in adjusted EPS for fiscal year 2024, which ended September 30, 2024.
For the first nine months of fiscal year 2025, the company generated $279 million in operating income, representing a 24% increase year-over-year.
The company's growth is significantly driven by strong demand in data centers, e-commerce, and high-tech manufacturing, with continued strength expected in its communications and infrastructure solutions businesses.
IES Holdings pursues a strategy of organic growth supplemented by acquisitions, emphasizing diversification across its business segments to mitigate cyclicality.
While expecting continued strength in some areas, the residential business faces headwinds due to housing affordability and high borrowing costs, which are anticipated to persist for a few more quarters.

Aug 28, 2025, 9:42 PM

IES Holdings' Monsoon Wind Power Project Achieves Commercial Operation

IESC

New Projects/Investments

Product Launch

The 600 MW Monsoon Wind Power Project, developed by IES, officially reached Commercial Operation on August 22, 2025, four months ahead of schedule.
This project is the largest utility-scale onshore wind farm in Southeast Asia and Asia's first cross-border renewable energy project, supplying clean electricity from Lao PDR to Vietnam's national grid.
The project is expected to offset approximately 1.3 million tonnes of CO2 annually and invests US$1.1 million annually in community development.