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IES Holdings reports 17% revenue growth and 56% net income rise in Q2 2026, driven by strong demand and Gulf Island acquisition.

Company Fundamentals
01 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

IES Holdings announced a 17% increase in revenue to $974 million and a 56% rise in net income to $109.9 million for Q2 fiscal 2026, driven by strong demand in its Communications and Infrastructure Solutions segments, especially in the data center market. The company completed the acquisition of Gulf Island Fabrication, enhancing capacity and backlog, which grew 62% to $3.9 billion. Despite challenges in the Residential segment due to weak housing starts, IES is investing in growth and expects Gulf Island to contribute more significantly in fiscal 2027. The company also raised its capital spending outlook to support organic growth and new solutions for customers.

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Step Finance hacker sells $21M in stolen SOL, launders funds via Tornado Cash on Ethereum.

Step Finance hacker sells $21M in stolen SOL, launders funds via Tornado Cash on Ethereum.

The attacker who stole about 261,854 SOL tokens (worth $27-30 million) from Step Finance has sold $21 million of the stolen SOL and moved the funds to Ethereum. They converted the stolen assets into ETH and laundered the money through Tornado Cash, a...

Market News
Bearish
4 hours ago
Ripple matches XRP donations up to $10K for veterans via America250's Giving 4th campaign.

Ripple matches XRP donations up to $10K for veterans via America250's Giving 4th campaign.

Ripple is supporting America250's Giving 4th campaign by matching eligible XRP donations up to $10,000 to the Call of Duty Endowment's CODE4Vets initiative. This campaign, tied to the U.S. 250th Independence Day, helps veterans transition to civilian...

Others
Bullish
4 hours ago
Solana stabilizes near $75 as traders watch for breakout or rejection to confirm trend.

Solana stabilizes near $75 as traders watch for breakout or rejection to confirm trend.

Solana (SOL) is stabilizing around the $75 level after weeks of downward pressure, with traders closely watching this key price point to determine if a sustained breakout or continued range-bound trading will occur. The $75 mark acts as both psycholo...

Technical Signals
Neutral
4 hours ago
Ethereum unveils 'Lean Ethereum' upgrade plan with quantum defense and privacy boosts through 2029

Ethereum unveils 'Lean Ethereum' upgrade plan with quantum defense and privacy boosts through 2029

Ethereum co-founder Vitalik Buterin announced the 'Lean Ethereum' roadmap, a major upgrade plan spanning 2026-2029 focused on enhancing quantum resistance, privacy, and protocol efficiency. The plan includes developing quantum-secure infrastructure, ...

Protocol Fundamentals
Bullish
4 hours ago
Gram (formerly Toncoin) rallies 4.5% after Binance supports rebrand and launches trading tournament

Gram (formerly Toncoin) rallies 4.5% after Binance supports rebrand and launches trading tournament

Gram, previously known as Toncoin, surged 4.5% in 24 hours following its rebranding and Binance's announcement of a GRAM spot trading tournament. This event boosted the token's visibility and trading volume, improving short-term market sentiment. Des...

Technical Signals
Bullish
4 hours ago
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