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IES Holdings ( (IESC) ) has issued an update.
IES Holdings reported a strong start to fiscal 2025 with an 18% increase in revenue and a 29% rise in operating income for the first quarter compared to the previous year. The company benefited from high demand in its communications and infrastructure solutions segments, particularly within the data center market. Despite challenges in the residential segment due to hurricanes in Florida, IES maintained robust operating margins and continued to invest in growth opportunities, including acquiring Arrow Engine Company. The firm also expanded its financial flexibility by increasing its revolving credit facility and investing in new business ventures.
More about IES Holdings
IES Holdings, Inc. operates in the construction and infrastructure industry, providing services in communications, infrastructure solutions, and commercial & industrial segments. They focus on markets like data centers, high-tech manufacturing, and residential construction, aiming to expand their HVAC and plumbing services.
YTD Price Performance: 5.53%
Average Trading Volume: 201,716
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.43B
See more insights into IESC stock on TipRanks’ Stock Analysis page.
