Filing Flows › IES Holdings (IESC) › Q3 FY25
IES Holdings (IESC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 1, 2025
IES Holdings (IESC) reported revenue of $890M for the third quarter fiscal 2025 (Q3 FY25), +16% from a year earlier and +7% from the quarter before. Operating margin was 12.6%, net earnings $77.2M (8.7% of revenue).
IES Holdings, Q3 FY25: revenue $890M (+16% year over year), operating margin 12.6%, net earnings $77.2M, operating cash flow $92.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $890M | +7% | +16% |
| Gross profit | $240M | +15% | +23% |
| Operating profit | $112M | +21% | +24% |
| Net earnings | $77.2M | +9% | +24% |
| Operating cash flow | $92.0M | +270% | +11% |
| Free cash flow | $74.8M | +848% | +14% |
What changed
Revenue was $890.2M in Q3 FY25, up 16% year over year and up 7% from the previous quarter. Residential was the largest line at 39% of revenue. Communications added $106.9M year over year (up 56%), 88% of the total change. Residential declined 8%.
Gross margin was 26.9%, up 1.6 points from a year earlier. Operating profit was $111.9M, a 12.6% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 12% margin then. Operating expenses grew 22% against revenue growth of 16%. Net earnings were $77.2M, up 24% year over year. The effective tax rate was 27.1%.
Operating cash flow was $92.0M (up 11% year over year), 116% of net income including minority interests. Non-cash charges added back $11.7M of depreciation and $4.3M of share-based compensation. Capital expenditures of $17.1M left free cash flow of $74.8M.
Questions
What was IES Holdings' revenue in the third quarter fiscal 2025?
IES Holdings (IESC) reported revenue of $890M for the third quarter fiscal 2025 (Q3 FY25), +16% from a year earlier and +7% from the quarter before.
Was IES Holdings profitable in the third quarter fiscal 2025?
Operating profit was $112M (12.6% of revenue) and net earnings $77.2M.
Source: IES Holdings 10-Q on SEC EDGAR.