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IES Holdings Inc (IESC)

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Upturn Advisory Summary
12/09/2025: IESC (3-star) is a STRONG-BUY. BUY since 3 days. Simulated Profits (5.91%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 289% | Avg. Invested days 45 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.79B USD | Price to earnings Ratio 24.43 | 1Y Target Price 6.5 |
Price to earnings Ratio 24.43 | 1Y Target Price 6.5 | ||
Volume (30-day avg) - | Beta 1.62 | 52 Weeks Range 129.16 - 320.08 | Updated Date 06/30/2025 |
52 Weeks Range 129.16 - 320.08 | Updated Date 06/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 11.94 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.06% | Operating Margin (TTM) 11.13% |
Management Effectiveness
Return on Assets (TTM) 16.9% | Return on Equity (TTM) 39.12% |
Valuation
Trailing PE 24.43 | Forward PE - | Enterprise Value 5761856192 | Price to Sales(TTM) 1.85 |
Enterprise Value 5761856192 | Price to Sales(TTM) 1.85 | ||
Enterprise Value to Revenue 1.84 | Enterprise Value to EBITDA 14.72 | Shares Outstanding 19854400 | Shares Floating 8736539 |
Shares Outstanding 19854400 | Shares Floating 8736539 | ||
Percent Insiders 1.84 | Percent Institutions 95.69 |
Upturn AI SWOT
IES Holdings Inc
Company Overview
History and Background
IES Holdings, Inc. (IES) was founded in 1947 by L.C. Walker. Initially a small electrical contracting business, it has grown into a diversified holding company with a focus on providing specialized infrastructure, energy, and commercial solutions. Key milestones include its expansion into new markets and acquisitions that broadened its service offerings.
Core Business Areas
- IES Infrastructure Solutions: This segment provides a wide range of electrical and utility construction and maintenance services. This includes high-voltage transmission and distribution, substations, renewable energy projects, and telecommunications infrastructure construction. They serve utility companies, municipalities, and other industrial clients.
- IES Commercial & Residential Solutions: This segment offers electrical contracting services for commercial and residential construction projects. Services include design-build, project management, and installation of electrical systems for new construction, renovations, and tenant improvements. They cater to a broad range of clients in the commercial and residential real estate sectors.
- IES Communications Solutions: This segment focuses on providing infrastructure services for the telecommunications industry, including fiber optic network deployment, tower construction and maintenance, and in-building wireless solutions. They serve telecommunications carriers and equipment providers.
Leadership and Structure
IES Holdings, Inc. is led by a Board of Directors and an executive management team responsible for strategic direction and operational oversight. The company operates through its distinct business segments, each with its own management structure.
Top Products and Market Share
Key Offerings
- High-Voltage Transmission & Distribution Services: Installation, maintenance, and repair of electrical grids and transmission lines for utility companies. Competitors include Quanta Services (PWR), MasTec (MTZ).
- Commercial Electrical Contracting: Electrical systems installation for new commercial buildings and renovations. Competitors include MasTec (MTZ), Comfort Systems USA (FIX).
- Telecommunications Infrastructure Deployment: Construction and maintenance of fiber optic networks and cell towers. Competitors include MasTec (MTZ), Crown Castle (CCI).
Market Dynamics
Industry Overview
IES Holdings operates within the infrastructure, energy services, and construction sectors, which are influenced by government spending on infrastructure, utility modernization, renewable energy adoption, and commercial/residential development. The sector is experiencing growth driven by the need for updated power grids, expansion of broadband internet, and the transition to renewable energy sources.
Positioning
IES Holdings is positioned as a specialized provider of electrical infrastructure and services. Its competitive advantages lie in its diversified service offerings across multiple sectors, its established relationships with key clients, and its decentralized operational model which allows for agility and local market responsiveness.
Total Addressable Market (TAM)
The TAM for IES Holdings is substantial, encompassing the electrical construction and infrastructure services market in North America. This market is valued in the hundreds of billions of dollars, driven by ongoing utility upgrades, new commercial and residential development, and telecommunications network expansion. IES Holdings aims to capture a significant portion of this market through its specialized capabilities and strategic acquisitions.
Upturn SWOT Analysis
Strengths
- Diversified business model across multiple infrastructure and energy sectors.
- Strong customer relationships with utility companies and developers.
- Decentralized operational structure allowing for agility.
- Proven track record of successful acquisitions.
- Experienced management team.
Weaknesses
- Reliance on large, capital-intensive projects that can be cyclical.
- Potential for increased competition from larger players.
- Vulnerability to economic downturns affecting construction and development.
- Integration challenges with newly acquired businesses.
Opportunities
- Growing demand for renewable energy infrastructure projects.
- Government initiatives for infrastructure modernization and broadband expansion.
- Increased investment in grid modernization and hardening.
- Expansion into new geographic markets through strategic acquisitions.
- Technological advancements in electrical and communication systems.
Threats
- Skilled labor shortages in the construction and electrical trades.
- Fluctuations in material costs (e.g., copper, steel).
- Changes in regulatory policies impacting infrastructure development.
- Intense competition leading to pricing pressures.
- Economic recessions impacting demand for services.
Competitors and Market Share
Key Competitors
- MasTec Inc. (MTZ)
- Quanta Services Inc. (PWR)
- EMCOR Group Inc. (EMCG)
- Comfort Systems USA Inc. (FIX)
Competitive Landscape
IES Holdings competes in a fragmented but consolidating market. Its advantages include its specialized focus on electrical infrastructure and a strong reputation for reliability. However, it faces larger competitors with greater scale and resources. Its success depends on its ability to secure profitable contracts, manage project execution effectively, and integrate acquisitions smoothly.
Major Acquisitions
Project Management Associates (PMA)
- Year: 2023
- Acquisition Price (USD millions): 420
- Strategic Rationale: Acquired to expand IES's project management and consulting capabilities in the infrastructure sector, enhancing its ability to offer end-to-end solutions for complex projects.
Willbros Group Inc.'s Pipeline Services Business
- Year: 2019
- Acquisition Price (USD millions): 275
- Strategic Rationale: Acquired to strengthen IES's presence in the oil and gas pipeline construction and maintenance market, diversifying its service portfolio.
Growth Trajectory and Initiatives
Historical Growth: IES Holdings has a history of consistent growth, primarily driven by organic expansion within its existing segments and strategic, bolt-on acquisitions. The company has successfully integrated acquired businesses to enhance its service capabilities and market reach.
Future Projections: Analyst estimates for IES Holdings generally project continued revenue and earnings growth, supported by ongoing investments in infrastructure, renewable energy, and telecommunications. Future growth is expected to be fueled by both organic opportunities and further strategic acquisitions.
Recent Initiatives: Recent initiatives have likely focused on expanding into high-growth areas such as renewable energy projects, increasing market share in key utility services, and leveraging technology to improve operational efficiency. The company also consistently evaluates and pursues strategic acquisitions that align with its long-term objectives.
Summary
IES Holdings Inc. is a well-established infrastructure and energy services company with a diversified business model and a history of successful acquisitions. Its core strengths lie in its specialized electrical contracting expertise and strong client relationships, positioning it well for growth in sectors like renewable energy and utility modernization. The company needs to remain vigilant about labor shortages and material cost fluctuations while continuing to leverage its decentralized structure for agile execution and strategic market expansion.
Similar Stocks
Sources and Disclaimers
Data Sources:
- IES Holdings Inc. Investor Relations
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Financial Data Providers (e.g., Refinitiv, FactSet)
- Industry Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data is an estimation and may vary depending on the specific market segment and reporting methodology.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IES Holdings Inc
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 1998-01-26 | Chairman & CEO Mr. Jeffrey Lund Gendell | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 9423 | Website https://www.ies-co.com |
Full time employees 9423 | Website https://www.ies-co.com | ||
IES Holdings, Inc. designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, builds, and maintains communications infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities. This segment also designs and installs audio/visual, telephone, fire, and wireless access and intrusion alarm systems; and engages in designing/building, servicing, and maintaining data network systems. The Residential segment offers electrical installations to single-family housing and multi-family apartments; heating, ventilation and air conditioning and plumbing installation services; and cable television installations to residential and light commercial applications, as well as installs residential solar power for new construction and existing residences. The Infrastructure Solutions segment maintains and repairs alternating and direct current electric motors and generators, and power generating and distribution equipment; manufactures custom-engineered metal enclosed bus duct solutions used in power distribution; manufactures custom commercial and industrial generator enclosures; manufactures, re-manufactures, and repairs industrial lifting magnets; and maintains and repairs railroad main and auxiliary generators, main alternators, and traction motors. The Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, wind farms, solar facilities, municipal infrastructures, and health care facilities. The company was formerly known as Integrated Electrical Services, Inc. and changed its name to IES Holdings, Inc. in May 2016. The company was incorporated in 1997 and is headquartered in Houston, Texas.

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