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Get filing alertsIES Holdings reports 98% net income surge, 40% revenue growth, and announces 2-for-1 stock split
Filed July 31, 2026 · Period ending July 31, 2026 · ~1 min read
Key Changes
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Q3 FY2026 net income jumped 98% to $153.0M ($7.57 per diluted share vs. $3.81 prior year); revenue rose 40% to $1.24B driven by data center and infrastructure demand.
Exhibit 99.1 view on EDGAR → -
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Backlog reached $4.5B as of June 30, 2026, up 91% from $2.37B at fiscal year-end September 2025, reflecting capacity expansions and strong demand across segments.
Exhibit 99.1 view on EDGAR → -
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Board approved a two-for-one stock split; shareholders of record August 14, 2026 receive one additional share per share held, distributed August 21, 2026.
Item 8.01 verify on EDGAR → -
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Exhibit 99.1 view on EDGAR →
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Balance sheet remains debt-free with $77.3M cash and $310.6M marketable securities; repaid Gulf Island acquisition borrowings through operating cash flow during quarter.
Exhibit 99.1 view on EDGAR →
Summary
IES Holdings delivered exceptional third-quarter fiscal 2026 results, with net income nearly doubling to $153.0 million and revenue climbing 40% to $1.24 billion. The electrical and communications infrastructure contractor attributed the growth to strategic capacity expansions and surging demand in data center and infrastructure markets.
Operating income rose 60% to $178.5 million, demonstrating strong operational leverage as the company scales. The company's backlog surged 91% to $4.5 billion from fiscal year-end levels, providing substantial revenue visibility. Management is integrating Gulf Island Fabrication, acquired in January 2026, which contributed $51.7 million in quarterly revenue and is being repositioned to serve IES's customer base.
The board's approval of a two-for-one stock split reflects confidence in the business trajectory and aims to improve share liquidity. IES maintains a fortress balance sheet with zero debt, $77.3 million in cash, and $310.6 million in marketable securities, having repaid acquisition-related borrowings through operating cash flow during the quarter. The combination of accelerating growth, expanding backlog, and financial strength positions the company well for continued momentum in data center and infrastructure buildout.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
IES Holdings announced fiscal 2026 third quarter results via press release.
Added in current filing · verify on EDGAR →
On July 31, 2026, IES Holdings, Inc. (the “Company”) issued a press release announcing its results of operations for the fiscal 2026 third quarter.
The company disclosed its financial results for the third quarter of fiscal year 2026 through a press release. The actual financial figures are contained in the attached Exhibit 99.1, which is not included in the provided 8-K body text.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Revenue of $1,243 million for the third quarter of fiscal 2026, an increase of 40% compared with $890 million for the same quarter of fiscal 2025
•Operating income of $178.5 million for the third quarter of fiscal 2026, an increase of 60% compared with $111.9 million for the same quarter of fiscal 2025
•Net income attributable to IES of $153.0 million for the third quarter of fiscal 2026, an increase of 98% compared with $77.2 million for the same quarter of fiscal 2025, and diluted earnings per share attributable to common stockholders of $7.57 for the third quarter of fiscal 2026, compared with $3.81 for the same quarter of fiscal 2025
IES Holdings delivered strong third-quarter fiscal 2026 results, with revenue rising 40% year-over-year to $1.24 billion, operating income up 60% to $178.5 million, and net income nearly doubling to $153.0 million. Diluted earnings per share reached $7.57, up from $3.81 in the prior-year quarter. The company attributed the growth to strategic capacity expansions and strong demand in data center and infrastructure markets.
Added in current filing · view on EDGAR →
On July 29, 2026, our board of Directors approved a two-for-one split of our common stock, to be paid in the form of a stock dividend. Each shareholder of record as of the close of trading on August 14, 2026 (the "record date") will receive, after the close of trading on August 21, 2026, one additional share for every share held on the record date. After the split, our common stock will continue to have a par value of $0.01 per share.
The board approved a two-for-one stock split to be effected as a stock dividend. Shareholders of record on August 14, 2026 will receive one additional share for each share held, with distribution on August 21, 2026. Management stated the split reflects confidence in the business outlook and is expected to improve stock liquidity.
Added in current filing · view on EDGAR →
Gulf Island, which we acquired in January 2026, contributed ... $51.7 million of revenue during the quarter.
The company disclosed that Gulf Island Fabrication, acquired in January 2026, contributed $51.7 million in revenue during the third quarter. Management noted they are investing in repositioning this and other recent acquisitions to serve their current customer base, with expectations for meaningful contributions beginning in fiscal 2027.
Event · Item 7.01 — Regulation FD Disclosure
IES Holdings posted Q3 2026 earnings presentation to its investor relations website on July 31, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 31, 2026, the Company posted to its website, www.ies-co.com, under the Investor Relations section, a presentation with the title “IES Holdings Q3 2026 Earnings Presentation.” The presentation will remain on the Company’s website for a period of at least thirty days.
The company disclosed that it has made its Q3 2026 earnings presentation available on its investor relations website. The presentation will be accessible for at least thirty days. This 8-K does not contain the actual financial results or metrics from the presentation itself, only the fact that the presentation has been posted.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 31, 2026, the Company announced that its Board of Directors approved a two-for-one forward stock split of its issued and outstanding shares of common stock, par value $0.01 per share (the "Common Stock"). Upon completion of the split, shareholders of record at the close of business on August 14, 2026 (the "Record Date"), will receive, after the close of trading on August 21, 2026, one additional share for each share of common stock they own on the Record Date.
The Board approved a two-for-one forward stock split. Shareholders of record on August 14, 2026 will receive one additional share for each share they own, distributed after the close of trading on August 21, 2026. This doubles the number of shares outstanding while halving the per-share price, making shares more accessible to retail investors without changing the company's market capitalization or any shareholder's proportional ownership.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify