IES Holdings (IESC) was highlighted in Benzinga's Stock Whisper Index for the Oct 16 week as a data-center play with momentum. Shares fell about 9% during the week, which Benzinga suggests could mark a favorable entry point for investors who view the data-center buildout as a long-term catalyst. The article underscores secular demand supporting IESC's growth trajectory.
IES Holdings beat quarterly revenue and EPS estimates significantly. Quarterly revenue was $897.8 million, up 16% year-over-year. Earnings per share reached $3.77, surpassing expectations of $3.11. Reported a backlog of $2.37 billion, indicating future growth potential. Acquisition of Gulf Island Fabrication boosts data center market expansion.
IES Holdings reported a significant 31% increase in revenue and a 175% rise in net income. The new $200 million share repurchase program signals management's confidence in the company's future. Strong backlog of approximately $1.7 billion sets a positive outlook for continued growth.