IES Holdings Reports Fiscal 2026 Second Quarter Results

IES Holdings reported its financial results for the fiscal 2026 second quarter, with revenues increasing by 17% year-over-year to $974 million. Operating income rose by 21% to $112.3 million, and net income attributable to IES increased by 56% to $109.9 million, resulting in diluted earnings per share of $5.44. The company highlighted strong growth in its Communications and Infrastructure Solutions segments, driven by demand in the data center market. The acquisition of Gulf Island Fabrication, Inc. contributed $37.5 million in revenue. Remaining performance obligations stood at approximately $2.3 billion, and backlog reached $3.9 billion as of March 31, 2026. The company is prioritizing capital spending for organic growth and expects the Gulf Island acquisition to benefit results in fiscal 2027. The Residential segment experienced a 10% decrease in revenue due to softness in the housing market.