Feed / IESC

IES Holdings, Inc.

IESC

Industrials · 328.50 +2.4% today

Isolated · not yet confirmedMarket checked 1 Oct, 15:50 GMT-4

Market read

No connected market move is active around IES Holdings, Inc..

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

Company+2.4% todayVolume comparison unavailable
Market groupNo active group readNo durable group available
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 0 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 Oct 1, 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 observations342
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 47% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Oct 1, 2026

328.50
6m-32.1%12m-17.4%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 2.0× · 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

328.50+2.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:50 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 Unknown Theme. 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.

This group is retained as the last observed read for IESC; it is not active in the latest market snapshot.

Context history

Theme membership history

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