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AI brief of an SEC Form 8-K · IES (IESC)

IES Holdings Q4 revenue rises 20% to $776 million; net income up 67%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyIES (IESC)
Form8-K, current report
Filed with the SECNov 22, 2024, 7:55 AM ET
Accession number0001048268-24-000135

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 22, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.