Oct 6, 4:00 PM ET
IES Holdings closed its acquisition of DBM Global, a structural steel fabrication and construction services company, for total consideration of approximately $691 million in cash and stock. The company also amended its credit agreement to increase borrowing capacity to $700 million, and it funded the cash portion partly with $525 million of borrowings. The filing does not give DBM Global's earnings, so shareholders cannot yet assess the deal's effect on profit.
- Total consideration of approximately $691 million: about $545 million in cash and 430,974 shares valued at about $146 million
- Credit facility increased to $700 million, including a $200 million term loan and $500 million revolving credit facility
- DBM Global generated revenue of approximately $1.5 billion for the twelve months ended June 30, 2026, and has about 4,000 employees
- Financial statements and pro forma information for the acquisition will be filed by amendment later
Read the filing on SEC.gov ↗
Aug 11, 7:00 AM ET
IES Holdings agreed on August 7, 2026 to acquire about 92% of DBM Global, a structural steel fabrication and erection company, from INNOVATE Corp. The base purchase price is $650 million, paid partly in 215,487 IES shares valued at $140 million and partly in cash, and the deal would add a new Structural business line. Closing is expected in the quarter ending December 31, 2026, subject to regulatory approvals, and the new IES shares would add to the share count.
- Base purchase price of $650 million, subject to customary adjustments; seller receives 215,487 IES shares ($140 million at $649.69 per share) plus cash
- DBM Global generated revenue of approximately $1.3 billion for the twelve months ended March 31, 2026 and employs about 3,400 people
- Expected to close in the quarter ending December 31, 2026; outside date February 7, 2027; no termination fee payable by either party
- Stock consideration shares were sold in a private placement and are subject to a lock-up ending the earlier of 60 days after closing or effectiveness of a resale registration statement
Read the filing on SEC.gov ↗
Jul 31, 7:49 AM ET
IES Holdings reported fiscal third-quarter revenue of $1,242.7 million, up 40% from a year earlier, and net income attributable to the company of $153.0 million, up 98%. The board also approved a two-for-one forward stock split, with shares distributed after the close of trading on August 21, 2026 to holders of record on August 14, 2026.
- Revenue of $1,242.7 million vs. $890.2 million a year earlier; diluted EPS of $7.57 vs. $3.81
- Net income attributable to IES of $153.0 million vs. $77.2 million, including a $26.2 million gain on marketable securities
- Residential segment revenue fell 6% to $324.1 million and operating income fell to $16.3 million from $33.4 million
- Two-for-one stock split: record date August 14, 2026; one additional share per share held, distributed after the close on August 21, 2026
Read the filing on SEC.gov ↗
May 1, 7:50 AM ET
IES Holdings reported fiscal 2026 second-quarter revenue of $974 million, up 17%, and operating income of $112.3 million, up 21%, both compared with the same quarter a year earlier. Results were helped by strong data center demand and the January 2026 acquisition of Gulf Island Fabrication, while the Residential segment's operating income fell sharply. The company also said it is substantially raising its capital spending outlook for the rest of fiscal 2026.
- Revenue $974 million vs. $834 million; operating income $112.3 million vs. $92.7 million
- Diluted EPS $5.44 vs. $3.50; adjusted diluted EPS $4.16 vs. $3.30, a non-GAAP measure
- Net income included a $37.3 million gain on marketable securities in the quarter
- Residential segment operating income fell to $6.4 million from $22.7 million; backlog reached $3.9 billion at March 31, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.