IES Holdings and Oppenheimer Holdings reported strong financial performance driven by robust demand in data centers and wealth management. IES Holdings significantly beat earnings expectations with a record $4.5 billion backlog, leading to the announcement of a 2-for-1 stock split. Oppenheimer Holdings also saw growth, with Q2 net income rising to $27.4 million compared to the previous year. Additionally, IES Holdings reached an agreement to acquire DBM Global for $650 million to further strengthen its market position.
IES Holdings enters a definitive agreement to acquire DBM Global from INNOVATE CORP to establish a new structural steel business line.
Read the full storyIES Holdings reported a Q3 earnings beat and a 2-for-1 stock split as surging AI data center infrastructure demand drives record financial performance.
IES Holdings posted a record $4.5 billion backlog while Oppenheimer reported a 21.9% revenue increase amid strong momentum in capital markets.