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IES Holdings (IESC) Subsidiary to Acquire Broadwind Texas Facility Assets
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. IES Holdings, Inc. (NASDAQ:IESC) is one of the 10 Best Construction Stocks for Data Center Infrastructure. On May 5, 2026, Broadwind announced that its wholly owned subsidiary, Broadwind Heavy Fabrications, entered into a definitive agreement on April 30 to sell its production facility in Abilene, Texas, to IES Infrastructure, a subsidiary of IES Holdings, Inc. (NASDAQ:IESC). The transaction includes the real property, equipment, machinery, and related assets at the facility for total consideration of up to $19.5M in cash and non-cash value tied to a below-market lease arrangement, subject to certain adjustments. The majority of the facility’s approximately 140 employees involved in wind tower manufacturing are expected to transition to IES Infrastructure following the end of the lease term. Soonthorn Wongsaita/Shutterstock.com On May 1, 2026, IES Holdings, Inc. (NASDAQ:IESC) reported Q2 adjusted EPS of $4.16 compared to $3.30 a year earlier, while revenue increased to $974.2M from $834M last year. The company also reported a backlog of approximately $3.9B as of March 31. President and CEO Matt Simmes said revenue increased 17% year over year while operating income rose 21%, driven by continued strength in the Communications and Infrastructure Solutions businesses. Simmes added that demand remained particularly strong in the data center market and said operating teams delivered improved margins through strong execution. IES Holdings, Inc. (NASDAQ:IESC) designs and installs integrated electrical and technology systems and provides infrastructure-related products and services across the United States. While we acknowledge the potential of IESC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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