In trading on Wednesday, construction shares were relative laggards, down on the day by about 4.8%.  Helping drag down the group were shares of IES Holdings, off about 11.1% and shares of Sterling Infrastructure down about 8% on the day.

Also lagging the market Wednesday are me

Wednesday Sector Laggards: Construction, Metals & Mining Stocks  

(RTTNews) - On Monday, INNOVATE Corp. (VATE) announced the completion of the previously announced sale of DBM Global, Inc. (DBMG) to IES Holdings, Inc. (IESC).

INNOVATE Completes Sale Of DBM Global To IES Holdings 

Key PointsStrong data center demand drives significant top-line growth.

IES's 2026 Outlook: Data Center Infrastructure Drives Growth as Market Capacity Scales

On August 10, IES Holdings, Inc. (NASDAQ:IESC) announced a definitive agreement to acquire DBM Global from INNOVATE Corp. (NYSE:VATE) for approximately $650 million in combined cash and stock ($685 million total consideration including minority interest buyouts and tax election payments). This major structural deal reshapes both companies, but their underlying financial trajectories explain why the […]

Could IES Holdings (IESC) Win Big While INNOVATE (VATE) Bets its Future on Debt Reduction?

During the lightning round of the August 26 Mad Money episode, a caller asked Jim Cramer for his view on IES Holdings, Inc. (NASDAQ:IESC). In response, Cramer pushed back against recent sector-wide headwinds, as he remarked: Look, I’ve been dealing with this, the slowdown of the data centers, you know, that comes from political approval. […]

Jim Cramer on IES Holdings (IESC): “I Think You’ve Got a Good One”

IES Holdings has delivered very strong share price gains over the past five years, yet the latest valuation checks pull in different directions, with the Discounted Cash Flow (DCF) intrinsic value estimate pointing to a premium to current cash flow assumptions while market multiples look more forgiving. Over five years the stock has returned roughly 12.6x, which makes today’s entry point far more sensitive to what investors are willing to pay for IES Holdings’ cash flows. Expectations that...

Is IES Holdings (IESC) Fully Priced Despite Cheaper Earnings?

IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States. The Communications segment designs, builds, and maintains communications infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities. It also designs and installs audio/visual, telephone, fire, and wireless access and intrusion alarm systems; and engages in designing/building, servicing, and maintaining data network systems. The Residential segment offers electrical installations to single-family housing and multi-family apartments; heating, ventilation and air conditioning and plumbing installation services; and cable television installations to residential and light commercial applications, as well as installs residential solar power for new construction and existing residences. The Infrastructure Solutions segment maintains and repairs alternating and direct current electric motors and generators, and power generating and distribution equipment; manufactures custom-engineered metal enclosed bus duct solutions used in power distribution; manufactures custom commercial and industrial generator enclosures; manufactures, re-manufactures, and repairs industrial lifting magnets; and maintains and repairs railroad main and auxiliary generators, main alternators, and traction motors. The Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, wind farms, solar facilities, municipal infrastructures, and health care facilities. The company was formerly known as Integrated Electrical Services, Inc. and changed its name to IES Holdings, Inc. in May 2016. IES Holdings, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

IES Holdings, Inc. News