Integrated Electrical Services reports mixed financial results for 2Q 2012

Integrated Electrical Services Inc. (IESC), Houston, announced financial results for its fiscal 2012 third quarter ended June 30. The company said revenue for the quarter increased 11.3%, operating cash flow had improved, and that its backlog was up $49 ...
Aug. 15, 2012

Integrated Electrical Services Inc. (IESC), Houston, announced financial results for its fiscal 2012 third quarter ended June 30. The company said revenue for the quarter increased 11.3%, operating cash flow had improved, and that its backlog was up $49 million for the quarter. However, IESC logged a net loss for 2Q 2012 of $3.2 million.

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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.