IES Holdings reports Q3 adjusted EPS $3.95 vs. $2.72 last year

Reports Q3 revenue $890M vs. $768M last year. “During the third quarter of fiscal 2025, we delivered continued strong performance with a 16% increase in revenue and a 24% increase in operating income compared with the third quarter of fiscal 2024,” said Matt Simmes, CEO. “Robust demand, particularly in the data center market, continued to drive growth in our Communications, Infrastructure Solutions and Commercial & Industrial segments. Our teams have continued to deliver high quality project execution, allowing us to scale effectively and improve operating margins year over year as we continue to grow. “n our Residential segment, we continue to face a challenging housing market, as consumer demand continues to be affected by concerns over housing affordability, availability of insurance, unemployment, and overall economic uncertainty. Although the impacts of decreased demand were partially mitigated by expansion of our plumbing and HVAC trades in new markets, our Residential revenue for the third quarter of fiscal 2025 still declined compared with the prior year. Despite these current economic challenges, we remain optimistic about the longer term outlook for our Residential business based on positive demographic trends and pent-up demand for housing, which should lead to improved demand as housing affordability improves.”