-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WKqKm0Cer1lpIlj7TlndEhxgx1sZGhQnWKA+lp1CKHpJ0PRG7oFbtmOjpwlz+4ss IGS2R3n3lmtZYU3aR2aUOw== 0000950129-98-000827.txt : 19980304 0000950129-98-000827.hdr.sgml : 19980304 ACCESSION NUMBER: 0000950129-98-000827 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980303 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED ELECTRICAL SERVICES INC CENTRAL INDEX KEY: 0001048268 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 760542208 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-45479 FILM NUMBER: 98556664 BUSINESS ADDRESS: STREET 1: 2301 PRESTON CITY: HOUSTON STATE: TX ZIP: 77003 BUSINESS PHONE: 7132221875 MAIL ADDRESS: STREET 1: 2301 PRESTON CITY: HOUSTON STATE: TX ZIP: 77003 424B3 1 INTEGRATED ELECTRICAL SERVICES, INC. - 333-45479 1 Filed Pursuant to Rule 424(b)(3) Registration Number: 333-45479 PROSPECTUS SUPPLEMENT DATED MARCH 3, 1998 TO PROSPECTUS DATED FEBRUARY 9, 1998 Integrated Electrical Services, Inc. reported operating results for the three months ended December 31, 1997, as follows: INTEGRATED ELECTRICAL SERVICES, INC. PRO FORMA COMBINED SUMMARY RESULTS OF OPERATIONS (Dollars in Thousands, Except Per Share Amounts) (Unaudited)
Three Months Ended December 31, ----------------------------- 1996 1997 ------------ -------------- Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 76,378 $ 86,342 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,685 19,202 Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,655 7,569 Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . 6,604 7,323 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,653 4,092 Earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.15 0.17 Shares used in pro forma computation of earnings per share . . . . . . . . 24,415,336 24,415,336
HOUSTON-STAFFORD ELECTRIC, INC. SUMMARY RESULTS OF OPERATIONS (Dollars in Thousands) (Unaudited)
Three Months Ended December 31, ----------------------------- 1996 1997 ------------- ------------- Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 17,431 $ 23,851 Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,254 5,160 Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . 848 (1,964) Income (loss) before income taxes . . . . . . . . . . . . . . . . . . . . . 849 (1,982) Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 459 (1,162)
Total pro forma combined revenues for the first quarter of fiscal 1998 increased 13.0% to $86.3 million compared with $76.4 million in the first quarter of fiscal 1997. Pro forma combined operating income rose 13.7% to $7.6 million from $6.7 million in the first quarter of fiscal 1997. Pro forma combined net income for the quarter was $4.1 million, or $0.17 per share, versus $3.7 million, or $0.15 per share, in the comparable period of fiscal 1997, a 13.3% improvement in earnings per share. Revenue growth was primarily driven by high demand of both commercial and residential services. -----END PRIVACY-ENHANCED MESSAGE-----