IES Holdings, Inc. · NASDAQ:IESC
IES — Q1 FY2017 Earnings Presentation
12 slides from IES's earnings presentation, Feb 9, 2017
Slide 1: IES Holdings, Inc. Fiscal 2017 First Quarter Update
IES Holdings, Inc. Fiscal 2017 First Quarter Update February 9, 2017 Exhibit 99.3
Slide 2: Disclosures: Forward-Looking Statements
Disclosures Forward-Looking Statements Certain statements in this document may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions
Slide 3: IES Holdings, Inc. Revenue, Operating Income, Net Income, Backlog
IES Holdings, Inc. (NASDAQ: IESC) REVENUE OPERATING INCOME NET INCOME ATTRIBUTABLE TO IES 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
Slide 4: First Quarter 2017 Highlights
First Quarter 2017 Highlights Revenue $192.2 million, an increase of 27% compared with the 1st quarter of FY16 (“1Q16”) Income from Operations $7.0 million, an increase of 37% compared with 1Q16 Earnings Net income attributable to IES of $3.9 million, or $0.18 per diluted share Adjusted net income a
Slide 5: First Quarter 2017 Segment Results
First Quarter 2017 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $54.0 million, increase of 19.2% over 1Q16 Operating Profit: $1.8 million Operating Margin: 3.3% Revenue: $53.3 million, increase of 30.8% over 1Q16 Operating Profit: $2.3 million
Slide 6: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 7: Quarterly Backlog
Backlog as of 12/31/16 is up $39 million compared to prior year Quarterly Backlog
Slide 8: Income Statement
Income Statement (in millions, except earnings per share) Three Months Ended yecember 31, 2015 2016 Revenue $150.8 $1922 Income from operations 541 70 Interest expense & other 03 04 Income from operations before income taxes $4.9 $66 Provision (benefit) for income taxes (0.9) 26 Net ir i jing intere
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions) Quarter Ended, 12/31/15 9/30/16 12/31/16 Cash $46.3 $33.2 $25.8 Current Assets 132.2 1765 183.6 Deferred Tax Assets = 93.5 918 Non-Current Assets 446 91.1 90.7 Total Assets $223.1 $394.3 $392.0 Current Liabilities $98.6 $133.1 $1258 Other Liabilities 69 68 68
Slide 10: Segment Results
Segment Results (in millions) Three Months Ended December 31, 2015 2016 Revenue Commercial & Industrial $45.3 $54.0 Communications 40.8 53.3 Infrastructure Solutions 12.6 18.5 Residential 52.1 66.4 Total Revenue $150.8 $192.2 Operating Income Commercial & Industrial $1.2 $1.8 Communications 3.4 2.3
Slide 11: Non-GAAP Reconciliation of Adjusted Net Income Attributable to IES Holdings, Inc.
Non-GAAP Reconciliation of Adjusted Net Income Attributable to IES Holdings, Inc.
Slide 12: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $404 million as of September 30, 2016, 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