IES Holdings stock follows USD 691 million DBM acquisition

Published on 10/07/2026 at 05:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IES Holdings stock was last at USD 341.85 on October 6, 2026, while DBM Global added USD 1.5 billion in twelve-month revenue. Quarterly revenue reached USD 1.24 billion.

IESC, US44951W1062, Illustration mit AI erstellt.

IES Holdings stock (ISIN US44951W1062) was last at USD 341.85 on Nasdaq on October 6, 2026, with a market capitalization of USD 13.6 billion. The company completed its acquisition of DBM Global on October 5, creating a new Structural business alongside its existing operations.

DBM adds structural steel scale

According to IES Holdings on October 5, 2026, total consideration for DBM Global was USD 691 million, comprising USD 545 million in cash and 430,974 IES shares valued at USD 146 million. IES acquired 100 percent of DBM Global and placed the business in a new Structural line.

The acquired company generated USD 1.5 billion in revenue for the twelve months ended June 30, 2026, according to IES Holdings. That figure gives the transaction a substantial operating base in structural steel fabrication, erection and industrial construction.

Quarterly figures set the scale

IES reported USD 1.24 billion in revenue and adjusted earnings per share of USD 3.35 for fiscal third quarter 2026, compared with consensus revenue of USD 1.08 billion and consensus earnings per share of USD 2.42, according to MarketBeat. The quarterly revenue figure therefore exceeded consensus by USD 160 million, while earnings per share exceeded the estimate by USD 0.93.

The acquisition also changes the balance-sheet discussion. IES said the cash portion was funded with cash on hand and borrowings under an expanded credit facility arranged by Wells Fargo, while management expects cash flow from IES and DBM Global to support repayment of acquisition-related borrowings.

IESC remains below its yearly high

IESC was last at USD 341.85 on Nasdaq at 4:00 p.m. ET on October 6, 2026, up USD 2.23, or 0.66 percent, from the previous close of USD 339.62. The stock stood 16.3 percent below its 52-week high of USD 408.26 and above its 52-week low of USD 170.06.