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Investing.com -- IES Holdings, Inc. (NASDAQ:IESC) reported third-quarter fiscal 2025 results that exceeded expectations, with revenue surging 16% to $890 million compared to $768 million in the same period last year. The company’s shares rose 4% in pre-market trading following the announcement.
The electrical and communications solutions provider posted adjusted earnings per share of $3.95 for the quarter ended June 30, 2025. Operating income increased 24% to $111.9 million, while net income attributable to IES grew 24% to $77.2 million.
Strong demand in the data center market fueled growth across multiple segments, particularly in Communications, which saw a 56% revenue increase to $299.2 million. Infrastructure Solutions revenue climbed 27% to $129.5 million, while Commercial & Industrial revenue rose 20% to $115.4 million.
"During the third quarter of fiscal 2025, we delivered continued strong performance with a 16% increase in revenue and a 24% increase in operating income compared with the third quarter of fiscal 2024," said Matt Simmes, President and Chief Executive Officer. "Our teams have continued to deliver high quality project execution, allowing us to scale effectively and improve operating margins year over year as we continue to grow."
The company’s Residential segment was the only underperformer, with revenue declining 8% to $346.1 million due to ongoing challenges in the housing market.
IES ended the quarter with $88.4 million in cash and restricted cash, net of debt, and $66.8 million in marketable securities. The company repurchased 33,900 shares for $5.3 million during the quarter and has $168 million remaining under its stock repurchase authorization.
Following the quarter’s end, IES acquired Qypsys, a Tampa-based provider of wireless network infrastructure, further expanding its communications capabilities.
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