IES is a holding company that owns and manages operating subsidiaries that design and install integrated electrical and technology systems and provide infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. IES has more than 5,000 employees serve clients in the United States.

Company profile
Ticker
IESC
Exchange
Website
CEO
Gary Matthews
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INTEGRATED ELECTRICAL SERVICES INC, Integrated Electrical Services, Inc.
SEC CIK
Corporate docs
Subsidiaries
Aerial Lighting & Electric, Inc. • Azimuth Communications, Inc. • Bayonet Plumbing, Heating & Air Conditioning, LLC • Calumet Armature and Electric, L.L.C. • Edmonson Electric, LLC • Freeman Enclosure Systems, LLC • Hotchkiss Alarms, LLC • ICS Holdings LLC • IES Commercial, Inc. • IES Communications, LLC ...
IRS number
760542208
IESC stock data
Calendar
4 Aug 22
12 Aug 22
30 Sep 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 17.06M | 17.06M | 17.06M | 17.06M | 17.06M | 17.06M |
Cash burn (monthly) | 740K | 122.08K | (no burn) | (no burn) | 4.96M | 1.25M |
Cash used (since last report) | 1.06M | 174.89K | n/a | n/a | 7.11M | 1.79M |
Cash remaining | 16M | 16.88M | n/a | n/a | 9.95M | 15.27M |
Runway (months of cash) | 21.6 | 138.3 | n/a | n/a | 2.0 | 12.2 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Aug 22 | Matthew J Simmes | Common Stock | Buy | Acquire P | No | No | 33.14 | 500 | 16.57K | 62,989 |
9 Aug 22 | Matthew J Simmes | Common Stock | Buy | Acquire P | No | No | 32.5 | 1,000 | 32.5K | 62,489 |
1 Jul 22 | Elizabeth Leykum | Common Stock | Grant | Acquire A | No | No | 0 | 600 | 0 | 2,097 |
1 Jul 22 | Koshkin Joe D | Common Stock | Grant | Acquire A | No | No | 0 | 704 | 0 | 45,829 |
1 Jul 22 | Jennifer A Baldock | Common Stock | Grant | Acquire A | No | No | 0 | 600 | 0 | 2,050 |
1 Jul 22 | Gendell David B. | Common Stock | Grant | Acquire A | No | No | 0 | 600 | 0 | 135,177 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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Financial report summary
?Risks
- The Coronavirus Disease 2019 ("COVID-19") pandemic has adversely impacted, and could have a future materially adverse impact on, our business, including our financial condition, cash flows and results of operations.
- The highly competitive nature of our industries could affect our profitability by reducing our revenues or profit margins.
- We generate a significant portion of our revenues under fixed price contracts. The estimates we use in placing bids and changes in commodity and labor costs could have an adverse effect on our ability to maintain our profitability.
- Our inability to carry out plans and strategies as expected, including our inability to identify and complete acquisitions and investments that meet our investment criteria in furtherance of our corporate strategy or the subsequent underperformance of those acquisitions and investments, may adversely impact our future growth and profitability.
- We may be unsuccessful at integrating other companies that we may acquire, or new types of work, products or processes into our segments.
- Backlog may not be realized or may not result in profits.
- We may fail to adequately recover on contract change orders or claims brought by us against customers.
- The availability and cost of surety bonds affect our ability to enter into new contracts and our margins on those engagements.
- We are subject to risks associated with seasonality, adverse weather conditions, and climate change.
- We may experience difficulties in managing our billings and collections.
- Our operations are subject to numerous physical hazards. If an accident occurs, it could result in an adverse effect on our business.
- Litigation and claims can cause unexpected losses.
- The loss of a group or several key personnel, either at the corporate or operating level, or general labor constraints could adversely affect our business.
- Availability of net operating losses may be reduced by a change in ownership.
- We have adopted tax positions that a taxing authority may view differently. If a taxing authority differs with our tax positions, our results may be adversely affected.
- We have recognized deferred tax assets based upon our estimates of future taxable income, and we may recognize tax expense if there is a reduction in the statutory tax rate or if future taxable income is lower than our estimates.
- To fund our working capital requirements, complete acquisitions and service any debt we may incur, we may require a significant amount of cash. Our ability to generate cash depends on many factors that are beyond our control.
- We have restrictions and covenants under our credit agreement and the failure to meet these covenants, including liquidity and other financial requirements, could result in a default under our credit agreement.
- Our use of percentage-of-completion accounting could result in a reduction or elimination of previously reported profits, and we may be adversely impacted by new accounting, control and operating procedures.
- Our reported operating results could be adversely affected as a result of goodwill impairment charges.
- Existence of a controlling shareholder.
- We may issue additional shares of common stock, preferred stock or convertible securities that will dilute the percentage ownership interest of existing stockholders and may dilute the book value per share of our common stock.
- Our bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our shareholders, which could increase the costs for our shareholders to bring claims, discourage our shareholders from bringing claims, or limit our shareholders’ ability to obtain a favorable judicial forum for disputes with us or our current or former directors, officers, employees or shareholders in such capacity.
- Our internal controls over financial reporting and our disclosure controls and procedures may not prevent all possible errors that could occur. Internal controls over financial reporting and disclosure controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objective will be met.
Management Discussion
- Consolidated revenues for the three months ended June 30, 2022, were $161.4 million higher than for the three months ended June 30, 2021, an increase of 39.8%, with increases at all four of our operating segments driven by strong demand and the contribution of Edmonson Electric, LLC ("Edmonson"), which was acquired during the third quarter of fiscal 2021.
- Consolidated gross profit for the three months ended June 30, 2022 increased $10.0 million compared to the three months ended June 30, 2021. Our overall gross profit percentage decreased to 14.6% during the three months ended June 30, 2022, as compared to 17.9% during the three months ended June 30, 2021. Gross profit as a percentage of revenue decreased at all four of our operating segments. See further discussion below of changes in gross margin for our individual segments.
- Selling, general and administrative expenses include costs not directly associated with performing work for our customers. These costs consist primarily of compensation and benefits related to corporate, segment and branch management (including incentive-based compensation), occupancy and utilities, training, professional services, information technology costs, consulting fees, travel and certain types of depreciation and amortization. We allocate certain corporate selling, general and administrative costs across our segments as we believe this more accurately reflects the costs associated with operating each segment.
Content analysis
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H.S. sophomore Avg
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New words:
begun, bidding, medical, setup, shift, stabilize, warehouse
Removed:
grew, LIBOR
Financial reports
Current reports
8-K
IES Holdings Reports Fiscal 2022 Third Quarter Results
4 Aug 22
8-K
IES Holdings Reports Fiscal 2022 Second Quarter Results
29 Apr 22
8-K/A
Departure of Directors or Certain Officers
25 Feb 22
8-K
Submission of Matters to a Vote of Security Holders
25 Feb 22
8-K
IES Holdings Reports Fiscal 2022 First Quarter Results
2 Feb 22
8-K
IES Holdings Appoints Jennifer A. Baldock to its Board of Directors
3 Jan 22
8-K
IES Holdings Reports Fiscal 2021 Fourth Quarter and Full Year Results
3 Dec 21
8-K
IES Holdings Reports Fiscal 2021 Third Quarter Results
5 Aug 21
8-K
IES Holdings Acquires Remaining Ownership Interest in Mechanical Services Business
11 Jun 21
8-K
IES Holdings to Present at the Stifel 2021 Virtual Cross Sector Insight Conference
8 Jun 21
Registration and prospectus
15-12B
Securities registration termination
24 May 21
424B3
Prospectus supplement
7 Aug 18
424B3
Prospectus supplement
7 Aug 18
POS AM
Prospectus update (post-effective amendment)
1 Aug 18
POS AM
Prospectus update (post-effective amendment)
1 Aug 18
424B3
Prospectus supplement
4 May 18
424B3
Prospectus supplement
4 May 18
424B3
Prospectus supplement
15 Apr 18
424B3
Prospectus supplement
15 Apr 18
424B3
Prospectus supplement
13 Mar 18
Other
SD
Conflict minerals disclosure
9 May 22
SD
Conflict minerals disclosure
19 May 21
SD
Conflict minerals disclosure
11 May 20
SD
Conflict minerals disclosure
10 May 19
EFFECT
Notice of effectiveness
3 Aug 18
EFFECT
Notice of effectiveness
3 Aug 18
EFFECT
Notice of effectiveness
8 Mar 18
EFFECT
Notice of effectiveness
8 Mar 18
CORRESP
Correspondence with SEC
5 Mar 18
UPLOAD
Letter from SEC
28 Feb 18
Ownership
4
IES / Matthew J Simmes ownership change
11 Aug 22
4
IES / Todd M Cleveland ownership change
1 Jul 22
4
IES / David B. Gendell ownership change
1 Jul 22
4
IES / Jennifer A Baldock ownership change
1 Jul 22
4
IES / Joe D Koshkin ownership change
1 Jul 22
4
IES / ELIZABETH LEYKUM ownership change
1 Jul 22
4
IES / Jennifer A Baldock ownership change
9 May 22
4
IES / Matthew J Simmes ownership change
6 May 22
4
IES / David B. Gendell ownership change
5 May 22
4
IES / Jennifer A Baldock ownership change
4 Apr 22
Patents
Utility
Temporary-to-permanent Lighting System
28 Jul 22
Temporary-to-permanent lighting systems and methods of utilization thereof include: connecting a light source to a permanent wiring system of a construction project; connecting a protective cover to the light source; and after the light source has been utilized to provide a first specified illumination during stages of the construction project, connecting a cover plate to the light source, wherein the light source remains connected to the permanent wiring system during the stages of the construction project and while connecting the cover plate to the light source.
Utility
Ground Rod Grabber
30 Sep 21
An apparatus includes a support attachment to couple a ground rod grabber to a top support; an upper line coupled to the support attachment; a hoist unit coupled to the upper line; a rod attachment to couple the ground rod grabber to a ground rod; and a lower line coupled to the rod attachment and threaded through the hoist unit.
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - April 29th, 2022
29 Apr 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Buffett Score (A Warren Buffett Checklist) January Updates
3 Jan 22
Daily Discussion Thread - December 3rd, 2021
3 Dec 21
Rate My Portfolio - r/Stocks Quarterly Thread September 2021
1 Sep 21