How did IESC's revenue and expenses trends shift in Q1 2025?

IES Holdings (IESC) experienced a significant shift in its revenue and expense trends during Q1 2025. The company's revenue by business segment reached $1.39 billion, with the highest contribution from the Residential segment at $776.47 million, followed by Communications at $637.94 million, and Commercial & Industrial at $367.95 million.

However, the company's net income stood at $72.59 million, which suggests that while revenue has increased, the net income has not kept up with the revenue growth. This could be due to higher operating, selling, general, and administrative expenses, which were at $116.04 million.

The increase in revenue and expenses indicates a period of growth and expansion for IESC, but the company needs to focus on optimizing its operations to improve net income and profitability.