IES Holdings reports Q1 adjusted EPS 82c vs. 83c last year

Reports Q1 revenue $575M vs. $481M last year. "Our operating income for the first quarter of fiscal 2023 improved significantly compared with the same quarter of fiscal 2022," said Jeff Gendell, Chairman and CEO. "While the increase in operating income partially reflects the gain from the sale of our STR Mechanical business, our results also benefited from continued strong demand for our services, particularly in our Residential segment. Operating performance also improved compared with the past three fiscal quarters, as we addressed project execution challenges that affected our fiscal 2022 results. We are particularly encouraged by the performance of our Infrastructure Solutions segment during the first quarter of fiscal 2023, where more efficient project execution and improving supply chain conditions position this segment to achieve substantially improved results for fiscal 2023 as compared with 2022."