IES Holdings, Inc. announced its fiscal 2025 second quarter results on May 2, 2025, reporting an 18% increase in revenue and a 19% increase in operating income compared to the second quarter of fiscal 2024. The Communications, Infrastructure Solutions, and Commercial & Industrial segments continued to experience strong demand, particularly from the data center market, contributing to robust operating margins.
The Communications segment's revenue grew 41% to $273.1 million, with operating income increasing to $39.6 million, driven by accelerated project schedules and strong new bookings in the data center market. The Infrastructure Solutions segment's revenue increased 55% to $117.6 million, with operating income of $26.5 million, fueled by demand for custom engineered solutions for data centers.
Greiner Industries and Arrow Engine Company, acquired on April 1, 2024, and January 31, 2025, respectively, contributed $15.7 million to the Infrastructure Solutions segment's revenue increase. The Residential segment's revenue decreased 6% to $317.9 million, with operating income falling to $22.7 million, due to challenges in single-family housing affordability and declining multi-family backlog.
The Commercial & Industrial segment's revenue rose 29% to $125.4 million, with operating income of $15.8 million, reflecting solid demand in data center and education markets. Additionally, IES entered into a lease for a new production facility in Birmingham, Alabama, to expand capacity for its custom engineered solutions business, supporting future growth.
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