IES Holdings reports Q1 adjusted EPS $3.71 vs $2.64 last year

Reports Q1 revenue $871M vs $749.5M last year. “In our Residential segment, the challenging housing market we faced throughout fiscal 2025 has not yet begun to improve. Housing affordability challenges, availability and cost of insurance, and overall economic uncertainty continue to weigh on consumer demand, resulting in a decrease in Residential revenue and earnings for the first quarter of fiscal 2026 compared with the prior year. Given the challenging market conditions, we have prioritized our plumbing and HVAC expansion plans to focus on those markets where we already have a strong presence in the single-family electrical business. While we expect these current economic challenges to persist in the near term, particularly through the seasonally slower winter season, we remain optimistic about the longer-term outlook for our Residential business.”