IES HOLDINGS Posts Profitable Third Quarter Earnings for FY 2023
August 22, 2023
☀️Earnings Overview
IES HOLDINGS ($NASDAQ:IESC) reported on June 30th 2023 that their total revenue for the third quarter of the fiscal year 2023 had increased by 3.0% to USD 584.5 million compared to the corresponding quarter of the previous year. Additionally, their net income for the same period soared 138.4% to USD 22.6 million.
Price History
On Friday, IES HOLDINGS announced its third quarter earnings report for fiscal year 2023, and the results were extremely positive. This growth was driven by strong sales, cost containment initiatives, and improved operational efficiency. The news sent the company’s stock soaring; IES Holdings opened at $60.0 and closed at $66.6, an increase of 14.8% from the previous closing price of $58.0.
Investors were thrilled with the results, and the stock has continued to perform well in the days following the announcement. Analysts are now predicting that earnings will continue to rise in the fourth quarter, and that IES Holdings is on track for another successful year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ies Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.35k | 82.03 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ies Holdings. More…
| Operations | Investing | Financing |
| 130.68 | 6.38 | -125.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ies Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 899.73 | 440.12 | 20.58 |
Key Ratios Snapshot
Some of the financial key ratios for Ies Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.7% | 33.5% | 5.7% |
| FCF Margin | ROE | ROA |
| 5.0% | 20.5% | 9.3% |
Analysis
At GoodWhale, we recently conducted an analysis of IES HOLDINGS and determined that it is a medium risk investment. We took into account a variety of factors, including financial and business aspects, to come to this conclusion. When we evaluated IES HOLDINGS’ income sheet and balance sheet, we detected two risk warnings that investors should be aware of. If you’d like to learn more about these warnings, you can register for an account on goodwhale.com. Overall, our analysis indicates that investing in IES HOLDINGS carries some risk. We suggest that prospective investors do their due diligence before making any decisions. More…
Peers
The company operates through eight business segments: Electrical & Industrial Distribution, Automation & Controls, Lighting & Energy Management, Power Transmission & Distribution, Engineered Systems, Commercial & Industrial Equipment, Residential Services, and International. IES Holdings Inc has a strong presence in North America, Europe, Asia Pacific, and South America. The company’s key competitors are Orbital Energy Group Inc, BSA Ltd, Analogue Holdings Ltd.
– Orbital Energy Group Inc ($NASDAQ:OEG)
Analogue Holdings Ltd is a digital media company with a market cap of 1.47B as of 2022. The company has a return on equity of 9.74%. The company focuses on the development, production, and distribution of digital media content. The company has a portfolio of brands that includes Analogue, a global leader in digital media production and distribution; and Digital Entertainment Network (DEN), a leading global provider of digital media content and services.
Summary
IES Holdings reported a strong third quarter performance for the fiscal year 2023, with total revenue of USD 584.5 million and a 138.4% increase in net income to USD 22.6 million. Investors responded positively to the news, with the stock price rising on the same day. Analysts believe the company is well-positioned for continued growth, with its strong financials and management team.
Opportunities for further expansion and diversification of the business are expected to drive future performance. Investors are advised to conduct thorough research before investing in the company.
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