Ies Holdings, Inc.

Capital Allocation Stock Buyback Plan Capital allocation remains a top priority, as we seek to generate strong returns on our operating cash flow, added Tracy McLauchlin, Chief Financial Officer.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

We ended the quarter with $88.4 million of cash and restricted cash, net of debt, and $66.8 million of marketable securities.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

We undertake no obligation to publicly update or revise any information, including information concerning our controlling shareholder, borrowing availability or cash position, or any forward-looking statements to reflect events or circumstances that may arise after the date of this report.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

DEBT We are a party to the Fourth Amended and Restated Credit Agreement (the Amended Credit Agreement ), which provides for a revolving line of credit of $ 300,000 , with a maturity date of January 21, 2030.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

At June 30, 2026 and September 30, 2025, we had no outstanding borrowings under our revolving credit facility.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

At June 30, 2026, we had $ 12,210 in outstanding letters of credit and $ 287,790 of availability under our revolving credit facility.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

Although the impacts of decreased demand were partially mitigated by expansion of our plumbing and HVAC trades in new markets, our Residential revenue for the third quarter of fiscal 2025 still declined compared with the prior year.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Our Infrastructure Solutions segment s revenue was $129.5 million in the third quarter of fiscal 2025, an increase of $27.5 million or 27% compared with the third quarter of fiscal 2024, driven by continued strong demand in our custom engineered solutions business, primarily in the data center end market, as well as expansion of our field services offerings.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Results for the third quarter of fiscal 2025 reflect 2 increased activity in the education and healthcare end markets, expansion of one of our operations in the Midwest market, and continued solid demand and strong execution in the data center end market.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Jeff Gendell, Executive Chairman, commented, Now that Matt has assumed the CEO role, I'm looking forward to focusing my efforts as Executive Chairman on working with the team on our capital allocation priorities.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

During the third quarter of fiscal 2025, we continued our focus on growth, entering into an agreement to purchase an industrial fabrication operation in Manitowoc, Wisconsin to expand capacity for our custom engineered solutions business.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

In our Residential segment, we continue to face a challenging housing market, as consumer demand continues to be affected by concerns over housing affordability, availability of insurance, unemployment, and overall economic uncertainty.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Despite these current economic challenges, we remain optimistic about the longer term outlook for our Residential business based on positive demographic trends and pent-up demand for housing, which should lead to improved demand as housing affordability improves.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

These statements involve risks and uncertainties that could cause the Company s actual future outcomes to differ materially from those set forth in such statements.

SEC original ↗Ies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Legal Proceedings 40 Item 1A.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

We include variable consideration in the estimated transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is resolved.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026

14 Disaggregation of Revenue We disaggregate our revenue from contracts with customers by activity and contract type, as these categories reflect how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.

SEC original ↗Ies Holdings, Inc. — 10-Q Quarterly report10-QJul 31, 2026