IES (IESC) Q4 2025 earnings summary

Executive summary

• Achieved record earnings in fiscal 2025, with Q4 revenue at $898 million, up 16% year-over-year, and operating income rising 39% to $104.3 million.

• Earnings per share for Q4 were $4.99, with full-year EPS at $15.02, up 52% year-over-year.

• Entered a definitive agreement to acquire Gulf Island Fabrication, expanding presence and capabilities in industrial, energy, and government sectors.

• Investments in business and workforce enabled expansion in key end markets, especially data centers.

• Record backlog of $2.4 billion and remaining performance obligations of $1.7 billion signal strong future revenue.

Financial highlights

• Q4 2025 revenue rose 16% to $898 million; full-year revenue increased 17% to $3.37 billion.

• Q4 operating income grew 39% to $104.3 million; full-year operating income up 27% to $384 million.

• Q4 EPS increased 63% year-over-year to $4.99; adjusted EPS up 44% to $3.77.

• Adjusted net income for fiscal 2025 was $278.6 million, up 31%; adjusted diluted EPS $13.66.

• Backlog at year-end was $2.4 billion, up from $1.79 billion a year earlier.

Outlook and guidance

• Expects continued growth in Communications, Infrastructure Solutions, and Commercial & Industrial segments in fiscal 2026, driven by robust demand in data centers.

• Residential segment faces headwinds from housing affordability but maintains optimism for long-term demand.

• Plans to increase capital spending and expand service offerings in fiscal 2026.

• Backlog and remaining performance obligations support future growth.