IES Holdings, Inc.
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Range $458 – $458
Price Chart
About the company
IES Holdings, Inc. operates across the United States, specializing in the engineering and implementation of integrated electrical and technology systems, alongside providing essential infrastructure products and related services. Its Commercial & Industrial division offers electrical and mechanical design, construction, and ongoing maintenance support for a diverse range of facilities.
- CEO
- Matthew J. Simmes
- IPO
- 1998
- Employees
- 10,273
- HQ
- Sugar Land, TX, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a strong long-term uptrend, still well above its 200-day moving average despite a recent pullback from the 52-week high. That keeps the primary trend constructive, though the action has shifted from momentum breakout to consolidation after a powerful run.
Street sentiment is constructive: the published consensus is Buy, and the lone target sits at 458, well above the current share price. There have been no recent rating changes, so the setup favors watching whether fundamentals keep pace with an already elevated valuation.
The earnings profile is excellent, with 5-for-5 beats and the last four quarters topping estimates by 14.5% to 60.5%. Next-year EPS is modeled at 13.46 versus 11.57 for the current year, so shareholders should watch whether revenue growth and margin discipline sustain that step-up.
Recent activity skews negative on discretionary trades, led by sizable June sales from Executive Chairman Jeffrey L. Gendell and additional sales from director Todd M. Cleveland. The July director awards are routine equity grants, not buying signals, so the net read is distribution rather than accumulation.
Profitability is strong, with 26.3% gross margin, 14.4% operating margin, and 11.4% net margin. Growth remains sharp too, with revenue up 39.6% year over year and earnings up 98.7%, while the balance sheet shows $74.1 million in net cash.
IESC stands out on profitability and growth versus typical construction and engineering peers, with returns on equity at 44.5% and return on assets at 16.5%. The valuation is not cheap, trading at 20.8x earnings, but that is supported by above-average execution and cash generation.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $12.84B
- P/E
- 28.22
- Fwd P/E
- 27.84
- PEG
- 0.39
- P/S
- 3.22
- P/B
- 10.44
- EV/EBITDA
- 21.41
- Div Yield
- 0.00%
- Gross Margin
- 25.90%
- Op Margin
- 12.37%
- Net Margin
- 11.45%
- ROE
- 44.00%
- ROIC
- 28.34%
Latest fiscal year · YoY change
- Revenue
- $3.37B+16.9%
- Gross Profit
- $859.50M+23.4%
- Op Income
- $383.53M
- Net Income
- $305.98M+39.6%
- EPS
- $7.61+51.9%
- OCF Growth
- +22.1%
- FCF Growth
- +15.6%
- 52W High
- $408.25
- 52W Low
- $170.06
- 50D MA
- $332.54
- 200D MA
- $285.17
- Beta
- 1.78
- RSI (14)
- 48
- Avg Volume
- 456.87K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
IES reported a weak fiscal Q1 with lower revenue and backlog, but gross margin improved and management said the restructuring and new sales model are starting to take hold.· February 10, 2009
- Revenue fell to $173 million from $197 million a year ago as volumes declined across all three segments.
- Adjusted EPS was $0.01 per diluted share, down from $0.09 last year; adjusted EBITDA was $3.3 million versus $6.4 million.
- Gross margin improved to 17.1% from 16.8%, helped by better execution and more flexible labor management in commercial and residential.
- Backlog ended at $319 million, below $348 million a year ago, with industrial and commercial softer while residential improved.
- Management launched a new restructuring plan expected to take 12 months and cost $2 million to $3 million pre-tax.
First-quarter fiscal 2009 revenue was $173 million, down from $197 million in the prior-year quarter. Gross profit was about $30 million versus $33 million last year, and gross margin was 17.1% compared with 16.8% a year ago. Adjusted net income from continuing operations excluding restructuring costs was $0.2 million, or $0.01 per diluted share, versus $1.3 million, or $0.09 per diluted share, a year earlier. Adjusted operating income excluding restructuring charges was $1 million versus $2.7 million, and adjusted EBITDA from continuing operations was $3.3 million versus $6.4 million. Backlog was $319 million at quarter-end, compared with $348 million a year ago and $337 million at the end of fiscal 2008. Looking ahead, management said it expects backlog to grow in fiscal 2009 and guided to pre-tax restructuring charges of approximately $2 million to $3 million over about 12 months.
Michael Caliel said the quarter was disappointing, especially on volume and backlog, but emphasized measurable progress on cost reduction and right-sizing the business. He highlighted that the 2008 restructuring reduced the cost base by about $20 million and that the company is now entering another optimization phase to streamline local project and support operations through regional centers. He also said the new sales model is a more structured approach focused on targeted markets and national strategic relationships, and that this is already producing encouraging signs in the pipeline.
Randy Guba walked through the financial pressure from lower activity and the impact of the go-to-market shift, noting revenue of $173 million, gross profit of about $30 million, gross margin of 17.1%, and SG&A of about $29 million net of restructuring charges. He said unrestricted cash and cash equivalents were about $49 million, with about $6 million available under the revolver for total liquidity of roughly $55 million, against total debt of about $29 million. He also noted approximately $400,000 of restructuring costs in the quarter and said the company believes it has adequate liquidity to meet operating needs.
There was no analyst Q&A on the call; management explicitly said the format would be non-interactive and questions would not be taken. The most notable discussion points were management’s explanation that the shift in go-to-market strategy temporarily hurt backlog and sales, especially in industrial, and that backlog quality remained strong even as the total declined. Management also framed the new restructuring and sales approach as necessary responses to a weak construction market.
The positive case is that margins improved despite lower revenue, suggesting the cost actions and operating discipline are working. Management also pointed to a healthier pipeline, a strong backlog quality, improved residential backlog from multifamily projects, and a belief that backlog will grow in fiscal 2009.
The quarter showed clear weakness in demand, with revenue down across commercial, industrial, and residential and backlog below last year’s level. Industrial margins fell sharply, and management acknowledged that the new go-to-market strategy has hurt near-term volume, while the broader construction market remains weak and competitive.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.0%
- Shares Outstanding
- 39.85M
- Float Shares
- 39.03M
of shares held by institutions
374 13F filers
Buy/sell ratio 0.11. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Gendell Jeffrey L | 10.29M | ▼ 46.72K |
| Fmr LLC | 2.25M | ▼ 126.16K |
| Blackrock, Inc. | 883.52K | ▲ 173.95K |
| Vanguard Group Inc | 853.21K | ▼ 13.99K |
| Dimensional Fund Advisors LP | 420.42K | ▼ 37.53K |
| Vanguard Capital Management LLC | 401.94K | ▲ 3.01K |
| Vanguard Portfolio Management LLC | 380.32K | ▼ 12.25K |
| First Trust Advisors LP | 346.73K | ▼ 2.43K |
| State Street Corp | 274.07K | ▲ 66.53K |
| Geode Capital Management, LLC | 267.00K | ▼ 28.85K |
| Capital International Investors | 205.60K | ▲ 205.60K |
| Ubs Group AG | 198.56K | ▲ 20.16K |
Held by 421 ETFs
Biggest fund positions in IESC by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 1, 26 | Janzen Kelly | other | 34 |
| Jul 1, 26 | Cleveland Todd M | other | 37 |
| Jul 1, 26 | Fouts John Louis | other | 69 |
| Jul 1, 26 | Gendell David B. | other | 34 |
| Jul 1, 26 | Baldock Jennifer A | other | 36 |
| Jul 1, 26 | Koshkin Joe D | other | 39 |
| Jun 12, 26 | GENDELL JEFFREY L ET AL | sell | 19,996 |
| Jun 12, 26 | GENDELL JEFFREY L ET AL | sell | 4 |
| Jun 12, 26 | GENDELL JEFFREY L ET AL | sell | 7,491 |
| Jun 12, 26 | GENDELL JEFFREY L ET AL | sell | 10,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our IESC coverage
Recent articles, reports, and earnings notes.

IES Holdings (IESC): Data-Center Growth Meets Valuation Risk
IES Holdings posted explosive Q3 growth across its data-center-linked segments, but the stock already prices in much of the upside. Our Hold view reflects strong execution, a clean balance sheet, and a fair value estimate of $320.

IES Holdings' 30% jump without news is a data-center bet in disguise
IESC's 30.27% surge looks like a market re-rating of its data-center exposure, not a random construction-stock spike. A $3.9 billion backlog and 64% infrastructure-revenue growth give the move fundamental support.

IES Holdings (IESC): Data Center Growth Drives Premium
IES Holdings is posting exceptional growth in Communications and Infrastructure Solutions, with backlog surging to $3.86B. The stock earns a Buy, but valuation is already rich versus the company’s improving fundamentals.
Want a deeper read on IESC?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
IES Holdings Inc (IESC) Shares Fall 7.6% -- What GF Score of 85 Tells Investors
gurufocus.com · Sep 14
IES Sees Data Center Boom, Plans $650M DBM Global Acquisition
defenseworld.net · Aug 29
IES Holdings, Inc. (IESC) Presents at 17th Annual Midwest IDEAS Conference Transcript
seekingalpha.com · Aug 27
IES Sees Data Center Boom, Plans $650M DBM Global Acquisition
marketbeat.com · Aug 27
IES Holdings to Present and Host 1x1 Investor Meetings at the 17th Annual Midwest IDEAS Investor Conference on August 27th in Chicago, IL
globenewswire.com · Aug 14
Analyzing APi Group (NYSE:APG) & IES (NASDAQ:IESC)
defenseworld.net · Aug 13
IES Holdings to Acquire DBM Global
globenewswire.com · Aug 10
INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings
globenewswire.com · Aug 10
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 16, 2026 · Live quote · Not investment advice