IES Holdings, Inc. announced strong financial results for the third quarter ended June 30, 2025, with consolidated revenue increasing 16% and operating income rising 24% compared to the prior year's quarter. Robust demand, particularly in the data center market, continued to drive growth in the Communications, Infrastructure Solutions, and Commercial & Industrial segments.
The Communications segment's revenue surged 56% to $299.2 million, reflecting accelerating demand in data centers, high-tech manufacturing, and distribution centers. Infrastructure Solutions revenue increased 27% to $129.5 million, driven by custom engineered solutions for data centers and field services expansion.
The Residential segment's revenue decreased 8% to $346.1 million, and operating income fell 23% to $33.4 million, due to continued housing market softness, builder incentives, and declining multi-family backlog. During the quarter, IES entered an agreement to purchase an industrial fabrication operation in Manitowoc, Wisconsin, to expand capacity for custom engineered solutions.
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