IES Holdings Q3 Revenue Surges 40% to $1.24B, Backlog Hits $4.5B, Announces 2-for-1 Stock Split
IESC has more than doubled off its 52-week low of $309.51.
Summary
IES Holdings delivered a standout Q3: revenue jumped 40% YoY to $1.24B, operating income rose 60% to $178.5M, and net income nearly doubled to $153M. Diluted EPS of $7.57 crushed last year's $3.81. The data center boom is the engine—Communications segment revenue surged 51%—while backlog ballooned 91% since fiscal year-end to $4.5B, signaling sustained demand. A 2-for-1 stock split aims to improve liquidity and broaden ownership. Residential remains a drag, down 6% on weak housing starts, but multi-family backlog is building for fiscal 2027. This follows a series of insider sales by the Executive Chairman earlier this year, though the operational momentum here is undeniable. The split and record backlog reinforce a growth narrative that traders will price in immediately.
At the time of this announcement, IESC was trading at $636.74 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $11.4B. The 52-week trading range was $309.51 to $804.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.