IES Holdings Appoints Kelly C. Janzen to Board of Directors

Houston, May 13, 2025 – IES Holdings, Inc. (NASDAQ: IESC) announced the appointment of Kelly C. Janzen to its Board of Directors, effective May 12, 2025. Janzen brings more than 30 years of experience in financial leadership roles across major public companies.

IES Holdings, Inc. held its 2025 Annual Stockholders Meeting on February 20, 2025. Shareholders voted on four key proposals, all of which were approved. The election of directors resulted in all nominees being elected for a term ending at the 2026 Annual Meeting. Ernst & Young LLP was ratified as the company's independent public accountants for the fiscal year ending September 30, 2025. Shareholders also approved, by advisory vote, the compensation of the company’s named executive officers. Additionally, the Amended and Restated 2006 Equity Incentive Plan was approved.

IES Holdings Reports Strong First-Quarter Earnings for Fiscal 2025

HOUSTON, TX – IES Holdings, Inc. (NASDAQ: IESC) has announced its financial results for the first quarter of fiscal 2025, reporting significant growth across key performance metrics. The company posted revenue of $750 million, an 18% increase from $634 million in the same period last year. Operating income rose 29% to $74.6 million, while net income jumped 37% to $56.3 million. Diluted earnings per share increased to $2.72 from $1.87 a year ago.

Chairman and CEO Jeff Gendell attributed the strong performance to solid demand in the Communications, Infrastructure Solutions, and Commercial & Industrial segments, particularly within the data center market. While the Residential segment saw modest growth of 1%, it faced challenges from recent hurricanes in Florida and housing affordability concerns. However, the company noted a rebound in demand moving into the second fiscal quarter.

The Infrastructure Solutions segment led growth with a 72% revenue surge, driven by custom engineered solutions and the recent acquisition of Greiner Industries. The Communications segment also performed well, with revenue climbing 36% due to increased data center demand. Meanwhile, the Commercial & Industrial segment grew 4%, maintaining steady operating margins.

President and COO Matt Simmes highlighted the company’s strategic investments, including a new ERP system and expanded HVAC and plumbing services in the Residential segment. Additionally, IES recently acquired Arrow Engine Company, further strengthening its Infrastructure Solutions division by adding natural gas production equipment to its portfolio.

With a strong backlog of $1.8 billion and continued expansion efforts, IES remains optimistic about its long-term growth prospects for fiscal 2025.