On Friday, August 2, IES Holdings, which designs and installs integrated electrical and technology systems for a variety of end markets, released its results for the fiscal-2024 third quarter (ended June 30) and <a href="https://investors.ies-corporate.com/news-releases/news-release-details/ies-holdings-reports-fiscal-2024-third-quarter-results-board">announced</a> that the board of directors had approved a new $200 million stock buyback program. This announcement, along with upbeat revenue and operating income numbers, buoyed the stock, which added more than 7% later in the day.

#Buyback: 1

Infrastructure company IES Holdings announces $200 million buyback, stock jumps