8-K

                                 UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

                       Date of Report: September 3, 2004

                         Commission File No. 001-13783

                      INTEGRATED ELECTRICAL SERVICES, INC.
             (Exact name of registrant as specified in its charter)



          DELAWARE                                      76-0542208
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)


                              1800 West Loop South
                                   Suite 500
                              Houston, Texas 77027
              (Address of principal executive offices) (zip code)


       Registrant's telephone number, including area code: (713) 860-1500


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



SECTION 7 - REGULATION FD

ITEM 7.01  REGULATION FD

On September 2, 2004, Integrated Electrical Services, Inc. (the "Company")
issued a press release announcing that on September 2, 2004 the Company
received notice from the trustee for a series of its senior subordinated notes
under an indenture dated May 29, 2001, with CUSIP number 45811EAE3 totaling
$110 million, that a default has occurred because the Company failed to file
its fiscal 2004 Third Quarter Report on Form 10-Q with the Securities and
Exchange Commission. See related press release dated September 2, 2004 included
herein as Exhibit 99.1.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

(C)  Exhibits

     Exhibit No.      Description
     -----------      -----------

       99.1           Press Release dated September 2, 2004



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                INTEGRATED ELECTRICAL SERVICES, INC.

                                By: /s/ Jeffrey Pugh
                                   -----------------------------
                                   Jeffrey Pugh
                                   Senior Vice President and
                                   Chief Financial Officer


Dated: September 3, 2004



                                 EXHIBIT INDEX


Exhibit No.        Description
- -----------        -----------

99.1              Press Release dated September 2, 2004

EX-99.1

                                                                   EXHIBIT 99.1


[IES LOGO APPEARS HERE]



                                 Contacts:  Jeffrey Pugh, CFO
                                            Integrated Electrical Services, Inc.
                                            713-860-1500

                                            Ken Dennard / ksdennard@drg-e.com
                                            Karen Roan / kcroan@drg-e.com
                                            DRG&E   /  713-529-6600

FOR IMMEDIATE RELEASE


                    INTEGRATED ELECTRICAL SERVICES RECEIVES
                     NOTICE OF DEFAULT FROM THE TRUSTEE FOR
                      THE SENIOR SUBORDINATED NOTE HOLDERS


         HOUSTON - SEPTEMBER 2, 2004 - Integrated Electrical Services, Inc.
(NYSE: IES) today announced it has received notice from the trustee for a
series of its senior subordinated notes under an indenture dated May 29, 2001,
with CUSIP number 45811EAE3 totaling $110 million, that a default has occurred
because IES failed to file its fiscal 2004 Third Quarter Report on Form 10-Q
with the Securities and Exchange Commission. IES has 30 days to obtain a waiver
from a majority in interest of its subordinated note holders to resolve the
default, and IES is in the process of seeking those waivers.

         The August 16, 2004 waiver from the lenders under its credit facility
was effective until the earlier of December 15, 2004 or the date IES received
notice from either the trustee or 25% of the holders of its senior subordinated
notes that a default has occurred. That waiver expired upon receipt of notice
from the trustee. As a result, IES is in default on its credit facility. IES is
in the process of seeking a waiver of this default from the banks under its
credit facility. The company currently has $29 million in cash.



         The company currently anticipates that its delayed Third Quarter
Report on Form 10-Q will be filed concurrently with the filing of its year-end
financial statements.

         Integrated Electrical Services, Inc. is the leading national provider
of electrical solutions to the commercial and industrial, residential and
service markets. The company offers electrical system design and installation,
contract maintenance and service to large and small customers, including
general contractors, developers and corporations of all sizes.



This press release includes certain statements, including statements relating
to the Company's expectations of its future operating results that may be
deemed to be "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on the
Company's expectations and involve risks and uncertainties that could cause the
Company's actual results to differ materially from those set forth in the
statements. Such risks and uncertainties include, but are not limited to, the
inherent uncertainties relating to estimating future results, potential
consequences of late filing of the Company's quarterly report on Form 10-Q and
associated defaults under the Company's debt, potential difficulty in
addressing material weaknesses in the Company's accounting that have been
identified to the Company by its independent auditors, the possible need for a
restatement of prior year periods if amounts are determined to be material, the
inability to obtain waivers from a majority of its senior subordinated note
holders, the inability to obtain a waiver of default from its lenders under its
credit facility, litigation risks and uncertainties, fluctuations in operating
results because of downturns in levels of construction, incorrect estimates
used in entering into and executing contracts, difficulty in managing the
operation of existing entities, the high level of competition in the
construction industry, changes in interest rates, general level of the economy,
increases in the level of competition from other major electrical contractors,
increases in cost of labor, steel, copper and gasoline, availability and costs
of obtaining surety bonds required for certain projects, inability to reach
agreement with its surety bonding company to provide sufficient bonding
capacity, loss of key personnel, difficulty in integrating new types of work
into existing subsidiaries, errors in estimating revenues and percentage of
completion on contracts, and weather and seasonality. The foregoing and other
factors are discussed and should be reviewed in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K for the year ended September 30, 2003.


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