SplitJul 31, 2026, 07:56 AM
IES Holdings Announces 2-for-1 Stock Split; Q3 Revenue Up 40%
AI Summary
IES Holdings announced a two-for-one forward stock split, with shareholders of record on August 14, 2026, receiving one additional share for each share owned. Concurrently, the company reported strong fiscal Q3 2026 results, with revenue increasing 40% to $1,243 million and net income attributable to IES rising 98% to $153.0 million. Diluted EPS grew 98.7% to $7.57. The company highlighted significant growth in its Communications, Infrastructure Solutions, and Commercial & Industrial segments, driven by data center demand and strategic expansions.
Key Highlights
- Board approved a two-for-one forward stock split of common stock.
- Q3 2026 revenue increased 40% to $1,243 million from $890 million YoY.
- Operating income rose 60% to $178.5 million from $111.9 million YoY.
- Net income attributable to IES increased 98% to $153.0 million from $77.2 million YoY.
- Diluted EPS grew 98.7% to $7.57 from $3.81 YoY.
- Backlog increased to $4.5 billion as of June 30, 2026, up 91% since fiscal 2025 end.
- Communications segment revenue increased 51% to $453.1 million.
- Infrastructure Solutions segment revenue increased 73% to $224.1 million.
Price Impact
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