IES Holdings Reports Fiscal 2026 Third Quarter Results and Announces Two-for-One Stock Split

IES Holdings, Inc. (NASDAQ: IESC) today announced financial results for the quarter ended June 30, 2026.

Third Quarter 2026 Highlights and Recent Developments Revenue of $1,243 million for the third quarter of fiscal 2026, an increase of 40% compared with $890 million for the same quarter of fiscal 2025 Operating income of $178.5 million for the third quarter of fiscal 2026, an increase of 60% compared with $111.9 million for the same quarter of fiscal 2025 Net income attributable to IES of $153.0 million for the third quarter of fiscal 2026, an increase of 98% compared with $77.2 million for the same quarter of fiscal 2025, and diluted earnings per share attributable to common stockholders of $7.57 for the third quarter of fiscal 2026, compared with $3.81 for the same quarter of fiscal 2025 Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) of $135.3 million for the third quarter of fiscal 2026, an increase of 70% compared with $79.5 million for the same quarter of fiscal 2025, and diluted adjusted earnings per share attributable to common stockholders of $6.70 for the third quarter of fiscal 2026, compared with $3.92 for the same quarter of fiscal 2025 Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $2.8 billion as of June 30, 2026 Backlog (a non-GAAP financial measure, as defined below) of approximately $4.5 billion as of June 30, 2026 Announced a two-for-one split of the Company's common stock

"For the third quarter of fiscal 2026, we delivered a 40% increase in revenue and a 60% increase in operating income compared with the third quarter of fiscal 2025," said Matt Simmes, President and Chief Executive Officer. "The disciplined capital allocation strategy we've deployed to strategically expand our operations over the past several years has positioned us to grow revenue and improve margins in today's environment, where our customers' scheduling needs have become increasingly dynamic.

"Within our Communications segment, our customers continue to engage us for larger and more complex projects. As we reliably deliver outstanding project execution, we are evaluating opportunities to expand our capabilities to grow with our customers and meet their evolving needs. Our Infrastructure Solutions segment is also focused on growth, and we have added approximately one million square feet of production capacity over the past year, with the acquisition of Gulf Island Fabrication, Inc. ("Gulf Island") in January 2026 and the production facilities in Abilene, TX and Manitowoc, WI in April 2026 and September 2025, respectively. We are investing in repositioning each of these underutilized operations, and expect them to make a meaningful contribution to our results beginning in fiscal 2027. In our Commercial & Industrial segment, we have been actively working to train additional teams to serve the data center end market in order to better support our customers. These efforts to add capacity and expand capabilities helped drive our backlog to $4.5 billion at June 30, 2026, an increase of 91% since the end of fiscal 2025. Our Residential segment continued to be affected in the third quarter of fiscal 2026 by reduced housing starts. However, we are continuing to expand our Plumbing and HVAC offerings and focus on electrical markets where there is an opportunity to expand our market share. Over the past twelve months we have begun to see growth in our multi-family backlog, which should benefit us in fiscal 2027." Our Communications segment’s revenue was $453.1 million in the t...