IESC PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d

IESC ▲ +3.32% at T+20d

NEUTRAL call ✓ call won +3.32% · α vs SPY -1.96% · entry $655.64 → $677.43

Next anchor: T+60d in 7w

Last close $734.91 (close Jun 8) · +12.09% from $655.64 entry

Entry anchored
Apr 30, 03:59 PM ET
via Databento tick

T+1d

-4.46%

call -4.46% · α -4.12%

$626.42

settled 5w ago

T+5d

+1.52%

call +1.52% · α -0.82%

$665.63

settled 5w ago

T+20d

+3.32%

call +3.32% · α -1.96%

$677.43

settled 9d ago

T+60d

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Executive Summary

IES Holdings reported Q2 fiscal 2026 revenue of $974M (+17% YoY) and operating income of $112.3M (+21% YoY), but GAAP diluted EPS of $5.44 and adjusted diluted EPS of $4.16 both missed the single-analyst consensus of $3.95 (the consensus appears to be for adjusted EPS, making the miss ~5.3%). The Communications and Infrastructure Solutions segments drove growth on data center demand, while Residential revenue fell 10% YoY. Backlog surged 62% since fiscal year-end to $3.9B, and the company raised its capital spending outlook, signaling confidence in organic growth.

Key Financial Metrics

Free Cash Flow

$52.6M

Gross Margin

26.2%

Actionable Insight

The adjusted EPS miss vs consensus may pressure the stock near-term, but the massive backlog growth (+62% to $3.9B) and raised capex outlook for data center-driven organic growth are strong forward indicators. Watch for Q3 margin trajectory in Residential and the ramp of Infrastructure Solutions capacity in H2 fiscal 2026.

Key Facts

Revenue $974M vs $834M YoY (+17%)
Operating income $112.3M vs $92.7M YoY (+21%)
GAAP diluted EPS $5.44 vs $3.50 YoY; adjusted diluted EPS $4.16 vs $3.30 YoY
Adjusted EPS $4.16 missed consensus estimate of $3.95 (-5.3% miss)
Residential segment revenue fell 10% YoY to $287.6M; operating income dropped to $6.4M from $22.7M
Communications revenue +35% YoY to $367.7M; Infrastructure Solutions +64% to $192.4M
Backlog $3.9B at March 31, 2026, up 62% from $2.4B at September 30, 2025
Completed acquisition of Gulf Island Fabrication in January 2026 for $143.1M net cash
Capital spending outlook substantially raised for remainder of fiscal 2026
Repurchased 4,112 shares for $1.7M; $166.2M remaining under buyback authorization

Financial Impact

Revenue +17% YoY to $974M; operating income +21% to $112.3M; adjusted EPS $4.16 vs consensus $3.95 (miss); backlog +62% to $3.9B

revenueoperating incomeadjusted EPSbacklog

Risk Factors

Residential segment weakness may persist with soft housing starts and pricing pressure
Gulf Island acquisition not expected to contribute meaningfully to earnings until fiscal 2027
Adjusted EPS miss vs consensus could trigger short-term selling
Execution risk on $3.9B backlog conversion and capacity expansion

Market Snapshot

Exchange

Nasdaq

Sector

Electrical Work

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3285860

4 reports for IESC

T+1T+5T+20T+60

Filters

Reports for IESC — sortable, filterable
	Type				Now
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 3/10	$661.40 $685.48	▲ +3.64%	▲ +1.66%	$734.91 (+11.11%)
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 2/10	$661.40 $685.11	▲ +3.58%	▲ +1.60%	$734.91 (+11.11%)
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 2/10	$685.11 $654.28	▼ −4.50%	▼ −4.41%	$734.91 (+7.27%)
May 1, 2026 5w ago	Press Release MIXED ★ 6/10	$655.64 $665.63	▲ +1.52%	▼ −0.82%	$734.91 (+12.09%)

US Market Status

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