Shares of IES Holdings, Inc. (NASDAQ: IESC), a leading provider of integrated electrical and technology systems, surged 6.42% in pre-market trading on Tuesday, following the company's impressive fiscal first-quarter 2025 results. The strong performance underscores IES's continued growth momentum and robust demand across its diverse end markets.
For the quarter ended December 31, 2024, IES reported an 18% year-over-year increase in revenue to $750 million, driven by solid contributions from all its operating segments. The Communications segment led the way with a remarkable 36% revenue growth, fueled by escalating demand in the data center, high-tech manufacturing, and distribution center markets. The Infrastructure Solutions segment also witnessed a significant 72% revenue surge, boosted by strong demand for custom engineered solutions, including generator enclosures primarily for the data center market.
IES's operating income soared 29% to $74.6 million, reflecting the company's operating leverage and successful project execution. Net income attributable to IES climbed 37% to $56.3 million, while adjusted diluted earnings per share surged to $2.64, up from $1.86 in the prior-year period. With a backlog of approximately $1.8 billion and remaining performance obligations of $1.2 billion as of December 31, 2024, IES remains well-positioned to sustain its robust growth trajectory.