Filing Flows › IES Holdings (IESC) › Q2 FY25
IES Holdings (IESC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 2, 2025
IES Holdings (IESC) reported revenue of $834M for the second quarter fiscal 2025 (Q2 FY25), +18% from a year earlier and +11% from the quarter before. Operating margin was 11.1%, net earnings $70.7M (8.5% of revenue).
IES Holdings, Q2 FY25: revenue $834M (+18% year over year), operating margin 11.1%, net earnings $70.7M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $834M | +11% | +18% |
| Gross profit | $209M | +17% | +22% |
| Operating profit | $92.7M | +24% | +19% |
| Net earnings | $70.7M | +25% | +34% |
| Operating cash flow | $24.8M | -33% | -26% |
| Free cash flow | $7.9M | -67% | -71% |
What changed
Revenue was $834.0M in Q2 FY25, up 18% year over year and up 11% from the previous quarter. Residential was the largest line at 38% of revenue. Communications added $79.5M year over year (up 41%), 62% of the total change. Residential declined 6%.
Gross margin was 25.0%, up 0.7 points from a year earlier. Operating profit was $92.7M, a 11.1% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 11% margin then. Operating expenses grew 24% against revenue growth of 18%. Net earnings were $70.7M, up 34% year over year. The effective tax rate was 26.4%.
Operating cash flow was $24.8M (down 26% year over year), 34% of net income including minority interests. Non-cash charges added back $11.9M of depreciation and $3.1M of share-based compensation. Working capital and other items used $62.8M. Capital expenditures of $17.0M left free cash flow of $7.9M.
Questions
What was IES Holdings' revenue in the second quarter fiscal 2025?
IES Holdings (IESC) reported revenue of $834M for the second quarter fiscal 2025 (Q2 FY25), +18% from a year earlier and +11% from the quarter before.
Was IES Holdings profitable in the second quarter fiscal 2025?
Operating profit was $92.7M (11.1% of revenue) and net earnings $70.7M.
Source: IES Holdings 10-Q on SEC EDGAR.