IES Holdings, Inc. reported its fiscal 2025 first quarter results on February 4, 2025, showing an 18% increase in revenue and a 29% increase in operating income compared to the prior year's quarter. The Communications, Infrastructure Solutions, and Commercial & Industrial segments continued to benefit from strong demand, particularly in the data center market.
The Communications segment's revenue increased 36% to $232.9 million, with operating income rising to $28.6 million, driven by demand in data center, high-tech manufacturing, and distribution center markets. The Infrastructure Solutions segment's revenue surged 72% to $108.1 million, with operating income of $23.3 million, primarily due to strong demand for custom engineered solutions for data centers.
Greiner Industries contributed $12.2 million to the Infrastructure Solutions segment's revenue increase. The Residential segment's revenue saw a modest 1% increase to $320.0 million, with operating income slightly decreasing to $23.8 million, impacted by weather in Florida and housing affordability concerns.
The Commercial & Industrial segment's revenue grew 4% to $88.5 million, with operating income of $7.1 million, reflecting solid demand and execution. Subsequent to the quarter end, the Infrastructure Solutions business completed the acquisition of Arrow Engine Company, further expanding its product offerings.
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