Quarterly ResultJul 31, 2026, 07:47 AM
IES Holdings Q3 Revenue +40% to $1.24B; Net Income +98%; Announces Stock Split
AI Summary
IES Holdings, Inc. reported strong financial results for the third quarter of fiscal 2026, with revenue increasing 40% to $1.24 billion and net income attributable to IES surging 98% to $153.0 million. Diluted earnings per share rose to $7.57. The company also announced a two-for-one stock split, reflecting confidence in its business outlook and aiming to improve stock liquidity. Growth was driven by robust performance in the Communications, Infrastructure Solutions, and Commercial & Industrial segments, while the Residential segment saw a decline.
Key Highlights
- Revenue increased 40% to $1,243 million for Q3 fiscal 2026.
- Operating income rose 60% to $178.5 million.
- Net income attributable to IES surged 98% to $153.0 million.
- Diluted EPS was $7.57, up from $3.81 in Q3 2025.
- Board approved a two-for-one stock split of common stock.
- Backlog reached $4.5 billion, a 91% increase since fiscal 2025 end.
- Communications segment revenue grew 51% to $453.1 million.
- Infrastructure Solutions revenue increased 73% to $224.1 million.
- Residential segment revenue decreased 6% to $324.1 million.
Price Impact
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