Quarterly ResultMay 1, 2026, 07:45 AM
IESC Q2 Revenue +17% to $974M; EPS $5.44; Backlog +62% to $3.9B
AI Summary
IES Holdings, Inc. announced strong financial results for the second quarter of fiscal 2026, with revenue increasing 17% to $974 million and net income attributable to IES surging 56% to $109.9 million. Diluted EPS reached $5.44, up from $3.50 in the prior year. The company also reported a significant 62% increase in backlog to $3.9 billion and highlighted the completion of the Gulf Island Fabrication acquisition in January 2026, which contributed to Infrastructure Solutions segment growth.
Key Highlights
- IESC completed the acquisition of Gulf Island Fabrication, Inc. in January 2026.
- Revenue increased 17% to $974 million for Q2 fiscal 2026, from $834 million in Q2 fiscal 2025.
- Operating income rose 21% to $112.3 million for Q2 fiscal 2026, from $92.7 million in Q2 fiscal 2025.
- Net income attributable to IES increased 56% to $109.9 million, with diluted EPS of $5.44.
- Backlog grew 62% to approximately $3.9 billion as of March 31, 2026.
- Communications segment revenue increased 35% to $367.7 million.
- Infrastructure Solutions segment revenue increased 64% to $192.4 million, including $37.5 million from Gulf Island.
- Residential segment revenue decreased 10% to $287.6 million due to housing market softness.