{"id":52354,"date":"2018-02-13T09:00:04","date_gmt":"2018-02-13T14:00:04","guid":{"rendered":"https:\/\/iesci.net\/?p=52354"},"modified":"2018-02-13T07:50:57","modified_gmt":"2018-02-13T12:50:57","slug":"ies-holdings-reports-fiscal-2018-first-quarter-results","status":"publish","type":"post","link":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/","title":{"rendered":"IES Holdings Reports Fiscal 2018 First Quarter Results"},"content":{"rendered":"<p>IES Holdings, Inc. (or \u201cIES\u201d or the \u201cCompany\u201d) (NASDAQ:IESC) today announced financial results for the quarter ended December 31, 2017. Results during the quarter were adversely impacted by a preliminary $31.3 million charge related to the December 2017 enactment of the Tax Cuts and Jobs Act, which went into effect January 1, 2018.<\/p>\n<p><strong>First Quarter 2018 Highlights<\/strong><\/p>\n<ul>\n<li>Revenue of $198 million for the first quarter of fiscal 2018, an increase of 3% compared with the first quarter of fiscal 2017<\/li>\n<li>Income from operations of $3.0 million for the first quarter of fiscal 2018, a decrease of $4.0 million compared with the first quarter of fiscal 2017<\/li>\n<li>Net loss attributable to IES for the first quarter of fiscal 2018 of $29.6 million, or $1.39 per diluted share, which includes a $31.3 million charge related to the enactment of the Tax Cuts and Jobs Act (as further discussed below)<\/li>\n<li>Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) for the first quarter of fiscal 2018 of $2.4 million, a decrease of $3.6 million compared with the first quarter of fiscal 2017<\/li>\n<li>Backlog of approximately $337 million as of December 31, 2017, as compared to approximately $331 million as of September 30, 2017 and approximately $328 million as of December 31, 2016<\/li>\n<\/ul>\n<p><a href=\"https:\/\/iesholdingsinc.gcs-web.com\/news-releases\/news-release-details\/ies-holdings-reports-fiscal-2018-first-quarter-results\" target=\"_blank\" rel=\"noopener\">View Press Release<\/a><br \/>\n<a href=\"http:\/\/ies-corporate.com\/sec-filings\" target=\"_blank\" rel=\"noopener\">View SEC Filings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IES Holdings, Inc. (or \u201cIES\u201d or the \u201cCompany\u201d) (NASDAQ:IESC) today announced financial results for the quarter ended December 31, 2017. Results during the quarter were adversely impacted by a preliminary $31.3 million charge related to the December 2017 enactment of the Tax Cuts and Jobs Act, which went into effect January 1, 2018. First Quarter [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":27508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[22],"tags":[127,129,117,128],"class_list":["post-52354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-corporate","tag-houston","tag-ies-holdings","tag-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical\" \/>\n<meta property=\"og:description\" content=\"IES Holdings, Inc. (or \u201cIES\u201d or the \u201cCompany\u201d) (NASDAQ:IESC) today announced financial results for the quarter ended December 31, 2017. Results during the quarter were adversely impacted by a preliminary $31.3 million charge related to the December 2017 enactment of the Tax Cuts and Jobs Act, which went into effect January 1, 2018. First Quarter [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"IES Electrical\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-13T14:00:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bobby Dixon\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bobby Dixon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/\",\"url\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/\",\"name\":\"IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical\",\"isPartOf\":{\"@id\":\"https:\/\/iesci.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg\",\"datePublished\":\"2018-02-13T14:00:04+00:00\",\"author\":{\"@id\":\"https:\/\/iesci.net\/#\/schema\/person\/d6cc0a341f8f4c087741c76ef342d188\"},\"breadcrumb\":{\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage\",\"url\":\"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg\",\"contentUrl\":\"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/iesci.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IES Holdings Reports Fiscal 2018 First Quarter Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/iesci.net\/#website\",\"url\":\"https:\/\/iesci.net\/\",\"name\":\"IES Electrical\",\"description\":\"We Power Progress\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/iesci.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/iesci.net\/#\/schema\/person\/d6cc0a341f8f4c087741c76ef342d188\",\"name\":\"Bobby Dixon\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/iesci.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/203dc5f68e0516b944931bab41cc93f3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/203dc5f68e0516b944931bab41cc93f3?s=96&d=mm&r=g\",\"caption\":\"Bobby Dixon\"},\"url\":\"https:\/\/iesci.net\/author\/bobbydixondesign\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical","og_description":"IES Holdings, Inc. (or \u201cIES\u201d or the \u201cCompany\u201d) (NASDAQ:IESC) today announced financial results for the quarter ended December 31, 2017. Results during the quarter were adversely impacted by a preliminary $31.3 million charge related to the December 2017 enactment of the Tax Cuts and Jobs Act, which went into effect January 1, 2018. First Quarter [&hellip;]","og_url":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/","og_site_name":"IES Electrical","article_published_time":"2018-02-13T14:00:04+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg","type":"image\/jpeg"}],"author":"Bobby Dixon","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bobby Dixon","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/","url":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/","name":"IES Holdings Reports Fiscal 2018 First Quarter Results - IES Electrical","isPartOf":{"@id":"https:\/\/iesci.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage"},"image":{"@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg","datePublished":"2018-02-13T14:00:04+00:00","author":{"@id":"https:\/\/iesci.net\/#\/schema\/person\/d6cc0a341f8f4c087741c76ef342d188"},"breadcrumb":{"@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#primaryimage","url":"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg","contentUrl":"https:\/\/iesci.net\/wp-content\/uploads\/2017\/05\/corporate-blog-post.jpg","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/iesci.net\/2018\/02\/ies-holdings-reports-fiscal-2018-first-quarter-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/iesci.net\/"},{"@type":"ListItem","position":2,"name":"IES Holdings Reports Fiscal 2018 First Quarter Results"}]},{"@type":"WebSite","@id":"https:\/\/iesci.net\/#website","url":"https:\/\/iesci.net\/","name":"IES Electrical","description":"We Power Progress","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/iesci.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/iesci.net\/#\/schema\/person\/d6cc0a341f8f4c087741c76ef342d188","name":"Bobby Dixon","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iesci.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/203dc5f68e0516b944931bab41cc93f3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/203dc5f68e0516b944931bab41cc93f3?s=96&d=mm&r=g","caption":"Bobby Dixon"},"url":"https:\/\/iesci.net\/author\/bobbydixondesign\/"}]}},"_links":{"self":[{"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/posts\/52354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/comments?post=52354"}],"version-history":[{"count":3,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/posts\/52354\/revisions"}],"predecessor-version":[{"id":52357,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/posts\/52354\/revisions\/52357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/media\/27508"}],"wp:attachment":[{"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/media?parent=52354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/categories?post=52354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iesci.net\/wp-json\/wp\/v2\/tags?post=52354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}