BUZZ-Electrical systems firm IES Holding up after quarterly results beat

Reuters11-21
BUZZ-Electrical systems firm IES Holding up after quarterly results beat

** Shares of electrical systems firm IES Holding IESC.O up 5% at $375 in early trading

** Co's quarterly revenue rises 16% to $897.8 million, compared to a year ago

** Posts fourth-quarter adjusted profit of $3.77 per share vs $2.61 per share reported a year earlier

** "Looking forward to fiscal 2026, we expect continued growth in our communications, infrastructure solutions and commercial & industrial operating segments, which are positioned to benefit from continued strong demand, particularly in our data center end market" says CEO Matt Simmes

** Co recently announced acquisition of steel fabricator firm Gulf Island GIFI.O for $12 per share in cash

** As of last close, stock up about 78%,YTD

(Reporting by Koyena Das)

((Koyena.das@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment