Feed / IESC

IES Holdings, Inc.

IESC

Industrials · 319.81 -1.4% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

IES Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-1.4% todayVolume comparison unavailable
Market group0 of 25 activeIndustrial Infrastructure · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Monitor the reported $20.4M decrease in single-family electrical revenues attributed to housing affordability and weaker consumer demand.
  • Monitor disclosures about strong demand and backlog execution in the data center end market and the Midwest operations expansion.

Invalidation: The isolated read changes if IESC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

No new filing conclusion is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Monitor the reported $20.4M decrease in single-family electrical revenues attributed to housing affordability and weaker consumer demand.
  • Monitor disclosures about strong demand and backlog execution in the data center end market and the Midwest operations expansion.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements106
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +16.9% year over year.
  • Net margin changed +1.5 percentage points in the latest annual period.
  • Data center and AI demand has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Macroeconomic conditions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 51% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

319.81
6m-27.7%12m-11.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-09-30$1.5B+29.0%$3.15-0.0%
2022-09-30$2.2B+41.0%$1.44-0.9%
2023-09-30$2.4B+9.7%$4.54-2.3%
2024-09-30$2.9B+21.3%$9.89+0.0%
2025-09-30$3.4B+16.9%$15.02-1.1%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
Change orders, claims and incentives are generally not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as a modification of the existing contract.
10-Q · Jul 31, 2026
Data center and AI demandpositive · 4 filings
The increase was prim arily driven by continued strong demand and successful execution of backlog, particularly in the data center end market, as well as expansion of one of our operations in the Midwest market.
10-Q · May 1, 2026
Macroeconomic conditionsnegative · 4 filings
Our single-family electrical revenues decreased by $20.4 million, primarily due to the continued impact of housing affordability and general economic conditions on consumer demand in the single-family housing market leading to a decline in construction volume…
10-Q · Jul 31, 2026
Pricing and mixpositive · 2 filings
Our Infrastructure Solutions segment’s gross profit for the year ended September 30, 2024 increased by $50.9 million, or 93.5%, as compared to the year ended September 30, 2023, primarily resulting from higher volumes, improved pricing and operating 30 effici…
10-K · Nov 21, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 1.9× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

319.81-1.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for IESC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for IESC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind IESC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ROADConstruction Partners, Inc.customerNov 21, 2025

Construction contracts generally provide that customers accept completion of progress to date and compensate us for services rendered measured in terms of units installed, hours expended or some other measure of progress.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

IESC is currently a Follower in the organic co-movement group Industrial Infrastructure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.