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EX-99.1 - EX-99.1 - IES Holdings, Inc.d493623dex991.htm
8-K - 8-K - IES Holdings, Inc.d493623d8k.htm

Slide 1

IES Holdings, Inc. Fourth Quarter and Fiscal Year 2017 Update Exhibit 99.2


Slide 2

IES Holdings, Inc. (NASDAQ: IESC) REVENUE OPERATING INCOME ADJUSTED NET INCOME BACKLOG * Adjusted net income attributable to IES is a non-GAAP financial measure; see supplemental disclosure for reconciliation table Financial measures presented here are in millions, except for earnings per share or as otherwise noted, and reported for fiscal years


Slide 3

Fourth Quarter and Fiscal Year 2017 Highlights Revenue FY17: $810.7 million, an increase of 16.5% compared with FY16 4th quarter of FY17: $206.6 million, increase of 0.5% compared with the 4th quarter of FY16 Income from Operations FY17: $20.3 million, a decrease of $4.6 million compared with FY16 4th quarter of FY17: $7.0 million, a decrease of $2.1 million compared with the 4th quarter of FY16 Pre-Tax Income FY17: $18.8 million, a decrease of $5.0 million compared with FY16 4th quarter of FY17: $6.7 million, a decrease of $2.1 million compared with the 4th quarter of FY16


Slide 4

Fiscal Year 2017 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $227.6 million, increase of 2.3% over FY16 Operating Loss: $1.2 million Operating Margin: (0.5%) Revenue: $225.3 million, increase of 18.8% over FY16 Operating Profit: $13.6 million Operating Margin: 6.0% Revenue: $83.8 million, increase of 44.5% over FY16 Operating Profit: $2.8 million Operating Margin: 3.3% Revenue: $274.0 million, increase of 21.3% over FY16 Operating Profit: $19.5 million Operating Margin: 7.1%


Slide 5

Quarterly Financials Revenue Operating Income


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Backlog as of 9/30/17 is down $10 million compared to prior year Quarterly Backlog Revenue in backlog at the Commercial & Industrial Wind-Down Branches at September 30, 2017 and 2016 was $10.6 million and $32.0 million, respectively


Slide 7

Income Statement


Slide 8

Income Statement: Commercial & Industrial Wind-Down Branches The following table presents the operating losses of the Commercial & Industrial Wind-Down Branches for the current and prior year quarter and year-to-date periods


Slide 9

Select Balance Sheet Data


Slide 10

Segment Results


Slide 11

Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.


Slide 12

NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $378 million as of September 30, 2017, including $142 million associated with amortization of personal goodwill Rights Agreement implemented to deter new 5% shareholders in order to prevent certain limitations on NOLs Note: Assumes no change, limitation or usage of existing NOLs prior to expiration dates NOL EXPIRATION SCHEDULE