Filing Flows › IES Holdings (IESC) › Q4 FY24
IES Holdings (IESC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 22, 2024
IES Holdings (IESC) reported revenue of $776M for the fourth quarter fiscal 2024 (Q4 FY24), +20% from a year earlier and +1% from the quarter before. Operating margin was 9.7%, net earnings $63.2M (8.1% of revenue).
IES Holdings, Q4 FY24: revenue $776M (+20% year over year), operating margin 9.7%, net earnings $63.2M, operating cash flow $92.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $776M | +1% | +20% |
| Gross profit | $186M | -4% | +33% |
| Operating profit | $75.0M | -17% | +41% |
| Net earnings | $63.2M | +2% | +67% |
| Operating cash flow | $92.8M | +12% | +62% |
| Free cash flow | $78.5M | +20% | +54% |
What changed
Revenue was $775.8M in Q4 FY24, up 20% year over year and up 1% from the previous quarter. Residential was the largest line at 46% of revenue.
Gross margin was 24.0%, up 2.4 points from a year earlier. Operating profit was $75.0M, a 9.7% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 8% margin then. Operating expenses grew 27% against revenue growth of 20%. Net earnings were $63.2M, up 67% year over year. The effective tax rate was 18.5%.
Operating cash flow was $92.8M (up 62% year over year), 142% of net income including minority interests. Non-cash charges added back $11.1M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $15.1M. Capital expenditures of $14.3M left free cash flow of $78.5M.
Questions
What was IES Holdings' revenue in the fourth quarter fiscal 2024?
IES Holdings (IESC) reported revenue of $776M for the fourth quarter fiscal 2024 (Q4 FY24), +20% from a year earlier and +1% from the quarter before.
Was IES Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $75.0M (9.7% of revenue) and net earnings $63.2M.
Source: IES Holdings 10-K on SEC EDGAR.