IES Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 03, 2024 at 07:51 am EDT
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IES Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 705.73 million compared to USD 568.88 million a year ago. Net income was USD 52.91 million compared to USD 21.55 million a year ago. Basic earnings per share from continuing operations was USD 2.32 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 2.29 compared to USD 0.92 a year ago.
For the six months, sales was USD 1,340.18 million compared to USD 1,143.76 million a year ago. Net income was USD 93.87 million compared to USD 47.95 million a year ago. Basic earnings per share from continuing operations was USD 4.21 compared to USD 2.08 a year ago. Diluted earnings per share from continuing operations was USD 4.16 compared to USD 2.06 a year ago.
IES Holdings, Inc. is a provider of electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products. The Company's Communications segment offers technology infrastructure services, including the design, build, and maintenance of the communications infrastructure within data centers. Its Residential segment offers electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning (HVAC) and plumbing installation services. Its Infrastructure Solutions segment provides electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products. This segment also offers structural steel fabrication and services, with a 450,000 square feet of manufacturing space on a 60-acre campus. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services.