Outlook
- Company expects recent acquisitions to contribute to results beginning in fiscal 2027
- IES Holdings says multi-family backlog growth should benefit results in fiscal 2027
- Company continues to invest in expanding capacity and capabilities for future growth
What drove the results
- DATA CENTER DEMAND - Co said strong demand in the data center market was the primary driver of revenue growth in Communications, Infrastructure Solutions, and Commercial & Industrial segments
- EXPANDED CAPACITY - Co attributed Infrastructure Solutions segment growth to expanded production capacity, including acquisitions and facility additions
- HOUSING MARKET SOFTNESS - Co said Residential segment was affected by reduced housing starts, limiting ability to recover higher material costs through pricing
Analyst coverage and valuation
- The one available analyst rating on the shares is "hold"
- Wall Street's median 12-month price target for IES Holdings Inc is $700.00, about 22.5% above its July 30 closing price of $571.54
- The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago
Quarterly results and stock split
IESC•
