IES Holdings Q4 revenue rises 20% to $776 million; net income up 67%
IES Holdings reported fiscal fourth-quarter 2024 revenue of $776 million, up 20%, and net income attributable to the company of $63.1 million, up 67%, with diluted earnings per share of $3.06 versus $1.66 a year earlier. For fiscal 2024, revenue rose 21% to $2.9 billion and diluted earnings per share were $9.89 versus $4.54. The filing also disclosed special cash bonuses for executive officers and a new incentive plan for fiscal 2025 tied to adjusted income.
- Q4 operating income was $75.0 million, up 41% from $53.2 million; fiscal 2024 operating income was $300.9 million, up 88%
- At September 30, 2024, the company reported no debt and cash of $100.8 million
- On November 21, 2024, the compensation committee approved special bonuses, including $2,285,000 for President and COO Matthew Simmes and $1,500,000 for Chairman and CEO Jeffrey Gendell
- Management said the Commercial & Industrial segment's revenue is expected to decline in the first quarter of fiscal 2025 after a large data center project was substantially completed