Ies(NASDAQ) IESC

IES Holdings helps build and maintain the systems that power homes, offices, and factories. Its services keep electricity, internet, and safety systems running for businesses and families. The company’s work supports daily life, from lighting homes to connecting data centers.

Wired for Business: What IES Holdings Sells

• Residential Services (48.2% for the fiscal year ended September 30, 2024): Electrical, plumbing, and solar installations for single-family and multi-family homes.
• Communications (26.9% of FY2024 revenue): Network infrastructure, audio/visual, and security system installations for offices, schools, and hospitals.
• Commercial & Industrial (12.8% of FY2024 revenue): Electrical and mechanical design, construction, and maintenance for factories, data centers, and public buildings.
• Infrastructure Solutions (12.2% of FY2024 revenue): Maintenance and repair of electric motors, generators, and power distribution equipment for industry and railroads.

Growth Spurts: How IES Holdings Got Bigger

• Acquired Greiner Industries in April 2024, expanding into structural steel fabrication.
• Expanded plumbing and HVAC services in Residential segment during 2023–2024.
• Increased manufacturing capacity in Infrastructure Solutions through facility investments in 2024.
• Launched a $200 million stock repurchase program in July 2024.

Why IES Holdings Stays Plugged In

IES Holdings operates in 27 states with 131 locations, reducing regional risk. Its independent business segments allow for focused management and flexibility. The company’s diverse customer base and backlog position help forecast future revenue, though backlog is not a guarantee of revenue.

Five Things You Need to Know

• Revenue was $2.88 billion in FY 2024, up 21.3% from FY 2023.
• Residential segment made up 48.2% of revenue in FY 2024.
• Gross profit margin rose to 24.2% in FY 2024 from 18.7% in FY 2023.
• Backlog reached approximately $1.79 billion as of September 30, 2024, up 14.6% year-over-year.

Bottom Line

IES Holdings has grown by diversifying across construction, technology, and infrastructure services. Its adaptable structure and broad customer base help manage industry cycles and changing demand.