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HOUSTON - On Friday, IES Holdings, Inc. (NASDAQ:IESC) reported fourth quarter fiscal 2025 adjusted earnings of $3.77 per share, significantly exceeding analyst expectations of $3.11.
Revenue reached $898 million, surpassing the consensus estimate of $843 million and marking a 16% increase from the same quarter last year.
The company’s performance was driven primarily by strong demand in the data center market. Fourth quarter operating income jumped 39% to $104.3 million compared to $75 million in the prior-year period. Net income attributable to IES rose 61% to $101.8 million, while adjusted net income increased 44% to $77.3 million.
"We are pleased to report record earnings for fiscal 2025," said Matt Simmes, President and Chief Executive Officer. "Year-over-year consolidated revenue increased 17% and operating income increased 27% as we benefited from the investments we’ve made in our business and people over the past several years."
The Communications segment led growth with a 47% revenue increase for the full fiscal year, reaching $1.14 billion, while Infrastructure Solutions saw a 42% revenue jump to $498.7 million.
Both segments benefited significantly from data center demand. The Commercial & Industrial segment grew 16% to $427.7 million for the year. However, the Residential segment experienced a 6% revenue decline to $1.30 billion due to housing affordability challenges.
Looking ahead, IES expects continued growth in its Communications, Infrastructure Solutions, and Commercial & Industrial segments in fiscal 2026, particularly in the data center market. The company also announced it has entered into a definitive agreement to acquire Gulf Island Fabrication, Inc., expanding its capacity for custom manufactured products.
IES ended the fiscal year with a strong balance sheet, reporting $127.2 million in cash, $104.6 million in marketable securities, and no debt.
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