The financials
IES Holdings, Inc. by the numbers
IES Holdings, Inc. (IESC) reported revenue of $974M in Q2 2026 (quarter ended March 31, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 26% and net income of $110M (11% of revenue). For the full year FY2025, revenue was $3.37B (+17% year on year) and net income $306M. Its largest product in 2026-Q2 was Custom Engineered Solutions at $180M, 33% of the disclosed total, just ahead of Single Family Electrical Contracts at 28%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $974M | $834M | +17% |
| Gross profit | $255M | $209M | +22% |
| Operating income | $112M | $93M | +21% |
| Net income | $110M | $73M | +52% |
| Diluted EPS | $5.44 | $3.50 | +55% |
| Product | Revenue | Share |
|---|---|---|
| Custom Engineered Solutions | $180M | 33% |
| Single Family Electrical Contracts | $151M | 28% |
| Single Family Contracts Plumbing HVAC | $97M | 18% |
| Multi Familyand Other | $75M | 14% |
| Industrial Services | $45M | 8.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $548.2M (+14%)
Industrial Services grew +88% year on yearMulti Family and Other -14% year on year
Segment Latestquarter on quarteryear on year
- Custom Engineered Solutions$179.5M$179.5MQoQ +18%year on year +70%+18%+70%
- Single Family Electrical Contracts$151.4M$151.4MQoQ +13%year on year -12%+13%-12%
- Single Family Contracts Plumbing HVAC$97.2M$97.2MQoQ +8.0%year on year +13%+8.0%+13%
- Multi Family and Other$75.5M$75.5MQoQ +19%year on year -14%+19%-14%
- Industrial Services$44.6M$44.6MQoQ +9.6%year on year +88%+9.6%+88%
Engineering & Construction
Ranks #6 of 27 by Smart Score