IESC Integrated Electrical Services, Inc. featured news, full reports, and detailed charts
Integrated Electrical Services, Inc. (IESC) Wrap Up:
We are a leading provider of electrical contracting services in the United States. We provide a broad range of services including designing, building, maintaining and servicing electrical, data communications and utilities systems for commercial, industrial and residential customers. Our electrical contracting services include design of electrical distribution systems within a building or complex, procurement and installation of wiring and connection to power sources, end-use equipment and fixtures, as well as contract maintenance. We service commercial, industrial and residential markets and have a diverse customer base including: general contractors; property managers and developers; corporations; government agencies; municipalities; and homeowners. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f12%2f13%2f0001047469-07-010007.html#FIS_BUSINESS"Integrated Electrical Services, Inc. (IESC:NASDAQ)
Snapshot of Integrated Electrical Services, Inc. (IESC)
|
OPEN
$6.85
|
PREVIOUS CLOSE
$6.85
|
|
|
DAY HIGH
$7.09
|
DAY LOW
$6.75
|
|
|
52 WEEK HIGH
01/7/09 - $13.64
|
52 WEEK LOW
11/21/08 - $3.94
|
|
|
MARKET CAP
106.2M
|
AVERAGE VOLUME 3 mo
18.4K
|
|
|
DILUTED EPS TTM
$-0.03
|
SHARES OUTSTANDING
15.4M
|
|
|
IESC Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
related news
Major indexes closed out a volatile month with gains as Fed chief Bernanke and President Bush addressed housing issues and the economy
IESC Top Compensated Officers
Executives, Board Directors
Key developments for Integrated Electrical Services, Inc. (IESC)
Visible Light Solar Technologies Inc. announced it has formed a strategic alliance with the Integrated Electrical Services Inc. for national installation and maintenance of its solar/LED and LED lighting solutions to businesses, municipalities and educational facilities. As part of the agreement, Visible Light Solar will utilize IES's vast network of professional electricians and technicians to help customers dramatically reduce their lighting energy expenses, maintenance costs and carbon footprint. Visible Light Solar is the first commercial and industrial lighting company to fully integrate LED lighting devices, solar power technology and advanced power management systems in exterior and interior lighting fixtures. The company's broad line of solar/LED lighting applications operate up to 85% more efficiently than their standard counterparts. In addition to dramatically lowering energy consumption, Visible Light Solar's LED solutions reduce ongoing maintenance costs through much longer lifetime expectancy than HID bulbs (five to 10 years versus one year for most HID bulbs). The bulbs are also resistant to thermal and vibrational shocks, and because they do not contain toxic materials like mercury, or require ballasts that often contain PCBs, they are more environmentally sustainable.
Integrated Electrical Services Inc. announced unaudited financial results for the third quarter and nine months ended June 30, 2009. Revenues for the third quarter of fiscal 2009 were $172.2 million compared to revenues of $213.8 million for the third quarter of fiscal 2008. The company reported adjusted income from operations of $6.7 million, excluding restructuring and other one-time charges of $1.5 million, in the third quarter of fiscal 2009. This compares to adjusted income from operations of $6.5 million, excluding restructuring and other one-time charges of $1.0 million, in the third quarter of fiscal 2008. Net income from continuing operations, including restructuring and other one-time charges, was $1.5 million, or $0.10 per diluted share, in the third quarter of fiscal 2009. For the third quarter of fiscal 2008, net income from continuing operations, including restructuring and other one-time charges, was $2.3 million, or $0.15 per diluted share. The company reported adjusted net income from continuing operations, excluding restructuring and other one-time charges, for the third quarter of fiscal 2009 of $2.8 million, or $0.19 per basic and diluted share. This compares to adjusted net income from continuing operations, excluding restructuring and other one-time charges, of $3.0 million, or a $0.20 per basic and diluted share, for the third quarter of fiscal 2008. The company reported EBITDA from continuing operations of $5.8 million and total adjusted EBITDA from continuing operations of $6.4 million compared to EBITDA from continuing operations of $7.3 million and total adjusted EBITDA from continuing operations of $8.3 million for the same period of last year. The company reported income from operations of $5.232 million and income from continuing operations before income taxes of $3.353 million compared to income from operations of $5.498 million and income from continuing operations before income taxes of $4.359 million for the same period of last year. The company reported net income from continuing operations of $1.457 million or $0.10 per basic and diluted share and net income of $1.557 million or $0.11 per basic and diluted share compared to net income from continuing operations of $2.310 million or $0.15 per basic and diluted share and net income of $2.037 million or $0.14 per basic and diluted share for the same period of last year. Revenues for the first nine months of fiscal 2009 were $512.9 million compared to revenues of $606.6 million for the first nine months of fiscal 2008. The company reported adjusted income from operations of $9.1 million, excluding restructuring and other one-time charges of $4.5 million, in the first nine months of fiscal 2009 compared to adjusted income from operations of $12.3 million, excluding restructuring and other one-time charges of $4.2 million, in the first nine months of fiscal 2008. Net income from continuing operations was $0.2 million, or $0.02 per diluted share, in the first nine months of fiscal 2009, which includes restructuring and other one-time charges. Net income from continuing operations for the first nine months of fiscal 2008 was $1.6 million, or $0.11 per diluted share, which includes restructuring and other one-time charges. Excluding restructuring and other one-time charges, adjusted net income from continuing operations for the first nine months of fiscal 2009 was $3.4 million, or $0.24 per basic and diluted share, compared to adjusted net income from continuing operations for the first nine months of fiscal 2008 of $5.1 million, or $0.33 per diluted share. The company reported cash used in operating activities of $7.096 million compared to cash used in operating activities of $3.055 million for the same period of last year. The company reported EBITDA from continuing operations of $9.0 million and total adjusted EBITDA from continuing operations of $12.3 million compared to EBITDA from continuing operations of $15.8 million and total adjusted EBITDA from continuing operations of $20.2 million for the same period of last year. The company reported income from operations of $4.611 million and income from continuing operations before income taxes of $1.132 million compared to income from operations of $8.113 million and income from continuing operations before income taxes of $3.691 million for the same period of last year. The company reported net income from continuing operations of $191,000 or $0.02 per basic and diluted share and net income of $233,000 or $0.02 per basic and diluted share compared to net income from continuing operations of $1.617 million or $0.11 per basic and diluted share and net income of $1.280 million or $0.09 per basic and diluted share for the same period of last year.
Integrated Electrical Services, Inc., Q3 2009 Earnings Call, Aug 11 2009
IESC Competitors
| Company | Last | Change |
| Comfort System USA Inc | $11.04 USD | -0.09 |
| Dycom Industries Inc | $8.99 USD | -0.55 |
| Layne Christensen Co | $26.39 USD | -0.26 |
| MYR Group Inc | $15.68 USD | -0.28 |
| Pike Electric Corp | $8.97 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | IESC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
|
| Price/Book | 0.7x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.0x |
|
|
IESC |
||
IESC transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Integrated Electrical Services, Inc.
More news for IESC
Integrated Electrical Services (IES) and Visible Light Solar Technologies Form Strategic Alliance to Provide Solar/LED Lighting Solutions to Businesses, Municipalities and Education Facilities Nationwide
ALBUQUERQUE, N.M., Sept. 21 /PRNewswire-FirstCall/ -- Visible Light Solar Technologies, a solar and LED lighting technology innovator, today announced it has formed a strategic alliance with the nation's second largest electrical contractor, Integrated Electrical Services (Nasdaq: IESC - News) for national installation and maintenance of its solar/LED and LED lighting solutions to businesses, municipalities and educational facilities. As part of the agreement, Visible Light Solar will utilize IES's vast network of professional electricians and technicians to help customers dramatically reduce their lighting energy expenses, maintenance costs and carbon footprint. Visible Light Solar is the first commercial and industrial lighting company to fully integrate LED lighting devices, solar power technology and advanced power management systems in exterior and interior lighting fixtures. The company's broad line of solar/LED lighting applications operate up to 85 percent more efficiently than their standard counterparts. In addition to dramatically lowering energy consumption, Visible Light Solar's LED solutions reduce ongoing maintenance costs through much longer lifetime expectancy than HID bulbs (five to 10 years versus one year for most HID bulbs). The bulbs are also resistant to thermal and vibrational shocks, and because they do not contain toxic materials like mercury, or require ballasts that often contain PCBs, they are more environmentally sustainable."We are excited to work with Visible Light Solar Technologies to delive...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K, Other Events
Show all filings for INTEGRATED ELECTRICAL SERVICES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for INTEGRATED ELECTRICAL SERVICES INC 20-Aug-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statement
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Departure of Directors or Certain Officers. On September 17, 2009, James A. Robertson. Group Vice President-Industrial, reached an agreement (as memorialized, the "Memorandum of Understanding") with Integrated Electrical Services, Inc. (the "Company") whereby Mr. Robertson terminated his employment as a Group Vice President, effective September 17, 2009, in connection with the consolidation of personnel in the Company's Industrial and Commercial segments. To assist in the transition of his duties, Mr. Robertson has agreed to remain in the Company's employ until October 23, 2009, or such earlier date as his employment is terminated. In return, Mr. Robertson shall continue to receive his current base salary and current health and welfare benefits throughout the duration of his employment. If Mr. Robertson remains employed by the Company through September 30, 2009, he will also receive 8,000 shares of the Company's common stock, pursuant to the Company's 2006 Equity Incentive Plan (As Amended and Restated). Mr. Robertson is also entitled to receive certain additional compensation pursuant to the terms of his previously disclosed employment agreement. The foregoing description of the terms of the Memorandum of Understanding is qualified in its entirety by reference to the Memorandum of Understanding, which is incorporated by reference herein and attached as Exhibit 10.1 hereto. (e) Compensatory Arrangements of Certain Officers. On September 17, 2009, the Board of Directors of the Company approved amendments to the Company's Long Term Incentive Plan (the "Plan") to allow for the granting of cash only bonuses in addition to grants of equity based awards under the Plan. The Board also approved clarifying amendments to the Plan. The equity based awards are fulfilled by grants pu...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K/A, Financial Statements and Exhibits
Show all filings for INTEGRATED ELECTRICAL SERVICES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for INTEGRATED ELECTRICAL SERVICES INC 22-Sep-2009Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review
Item 4.02(a). Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. On September 15, 2009, the Audit Committee of the Board of Directors of Integrated Electrical Services, Inc. (the "Company"), upon the recommendation of management and after discussion with the Company's independent registered public accounting firm, Ernst & Young LLP, concluded that (i) the Company's audited consolidated financial statements as of and for the fiscal year ended September 30, 2008 and (ii) the Company's unaudited condensed consolidated financial statements as of and for the three months ended December 31, 2008, as of and for the three and six months ended March 31, 2009 and as of and for the three and nine months ended June 30, 2009 (collectively, with the fiscal year ended September 30, 2008, the "Prior Periods"), should no longer be relied upon as being in compliance with U.S. Generally Accepted Accounting Principles (GAAP). As disclosed in the Company's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2009, the Company has previously undertaken an evaluation, based on the guidance in Statement of Financial Accounting Standard No. 154 "Accounting Changes & Error Corrections" ("SFAS 154"), Accounting Principles Board No. 28 "Interim Financial Reporting" ("APB 28"), Statement of Financial Accounting Standard No. 16 "Prior Period Adjustments" ("SFAS 16"), SEC Staff Accounting Bulletin No. 99 "Materiality" ("SAB 99") and SEC Staff Accounting Bulletin No. 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements" ("SAB 108"), to determine whether a restatement of the Prior Period financial statements was required as a result of errors recorded during such Prior Periods. SFAS 154 requires that corrections of errors be recorded b...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statement
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Departure of Directors or Certain Officers. On October 1, 2009, Integrated Electrical Services, Inc. (the "Company") was informed by Johnny A. Menninga, Vice President and General Manager of IES Commercial, Inc., a subsidiary of the Company ("IES Commercial"), of his intention to terminate his employment with IES Commercial effective October 31, 2009. Mr. Menninga, who was a named executive officer in the Company's proxy materials filed on January 2, 2009, is a party to that certain Second Amended and Restated Employment Agreement, dated January 15, 2009, with IES Commercial. The foregoing description of the Second Amended and Restated Employment Agreement is qualified in its entirety by reference to the Second Amended and Restated Employment Agreement, which is incorporated by reference herein and attached as Exhibit 10.1 hereto. (e) Compensatory Arrangements of Certain Officers. On January 15, 2009, IES Commercial entered into that certain Second Amended and Restated Employment Agreement with Johnny A. Menninga (the "Employment Agreement"). Pursuant to the terms of the Employment Agreement, effective January 1, 2009, Mr. Menninga is entitled to annual base salary of $280,000; thereafter, effective January 1, 2010, Mr. Menninga will be entitled to an annual base salary of $260,000, provided that the geographical scope of Mr. Menninga's responsibility and accountability does not appreciably increase during the period. For the fiscal year ended September 30, 2009, Mr. Menninga is entitled to receive an annual bonus of not less than $140,000; thereafter, Mr. Menninga will be given the opportunity to earn an annual incentive bonus on the same basis as others employed in his same position. Additionally, Mr. Menninga is eligible to receive an initial retention bonus of $30,00...Click here to read the whole Article (external link)
IES Industrial Receives Contractor Vanguard of Safety Award of Honor from Great Plains Safety and Health Organization on Sept. 30
HOUSTON, Oct. 5 /PRNewswire-FirstCall/ -- Integrated Electrical Services, a leading national provider of electrical and communications services (Nasdaq: IESC, www.ies-co.com) today announced that its IES Industrial business group was awarded the 2009 Contractor Vanguard of Safety Award of Honor from the Great Plains Safety and Health Organization. An elite award, the Vanguard of Safety Award of Honor recognizes outstanding achievements in safety and injury prevention in the Great Plains region of the US. John Ellis, regional safety manager for the Holdrege, Neb. branch of IES Industrial, accepted the award on IES' behalf from the Champions of Safety Awards Committee during an awards luncheon ceremony held on Sept. 30, 2009 in Kearney, Neb. Special guests in attendance at the 7th Annual Safety & Worksite Wellness Conference included The Honorable Dave Heineman, governor of Nebraska, and Dr. Joann Shafer, chief medical officer for the state of Nebraska. The event was hosted by the Great Plains Safety and Health Organization and Well Workplace Nebraska. IES also received the Safety Award of Honor in 2008 and the Vanguard of Safety Award in 2007.The Great Plains Safety and Health Organization launched its Champions of Safety Awards Program seven years ago to recognize the leading companies, and their employees, demonstrating outstanding accomplishments in safety, health and injury prevention. Winners are selected by an awards committee on the merit of their responses to a detailed application.Criteria for selection include:"IES places itself in an elite category by receiving this award," commented Mick Anderson, execu...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K/A, Financial Statements and Exhibits
Show all filings for INTEGRATED ELECTRICAL SERVICES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for INTEGRATED ELECTRICAL SERVICES INC 13-Nov-2009Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for ...Click here to read the whole Article (external link)
IES Shines with Solar Capabilities Across the U.S.
HOUSTON, Oct. 27 /PRNewswire-FirstCall/ -- Integrated Electrical Services (Nasdaq: IESC - News; www.ies-co.com), a leading national provider of electrical and communications services, has established itself as a key part of the value chain as the burgeoning solar power market continues to deploy renewable energy resources to increase efficiency, reduce costs and lessen environmental impact. The company is an official exhibitor at Solar Power International 2009 in Anaheim, Calif. Oct. 27-29. IES representatives will be available in Booth 3067 to explain the company's full-spectrum of solar services and credentials during the Solar Power International 2009 Conference and Expo. With more than 900 exhibitors and 22,000 attendees, the event is the largest gathering of solar industry participants in North America."The generation and use of green, renewable energy will provide competitive advantages all across the economic spectrum," said Michael Caliel, president and chief executive officer for IES. "As an abundant and clean energy source, Solar Power offers significant economic benefit for both new and existing construction. The reliance on Solar Power will only continue to grow in importance and our experience as one of the nation's largest electrical and communications contractors for the commercial, industrial and residen...Click here to read the whole Article (external link)
INTEGRATED ELECTRICAL SERVICES INC Files SEC form 8-K/A, Financial Statements and Exhibits
Show all filings for INTEGRATED ELECTRICAL SERVICES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for INTEGRATED ELECTRICAL SERVICES INC 15-Oct-2009Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for...Click here to read the whole Article (external link)