latest news in companies
AZIO AI Partners With AT&T to Power Massive Texas Data Campus
Dallas, Friday, 31 July 2026.
AZIO AI has secured a $2.4 million agreement with AT&T for high-speed fiber connectivity at its 500-megawatt Texas campus, establishing essential digital infrastructure for large-scale artificial intelligence operations.
IES Holdings Reports 98% Profit Jump and Approves Stock Split
Houston, Friday, 31 July 2026.
On July 31, 2026, IES Holdings reported strong financial results for its fiscal third quarter, driven by expanding demand across its infrastructure and technology operations. Revenue rose 40% year-over-year to $1.24 billion, while net income nearly doubled, surging 98% to $153 million. The company’s growth strategy, including strategic acquisitions that added roughly 93,000 square meters of production space over the past year, expanded operational capacity and margin performance. Crucially, IES Holdings repaid its borrowings during the quarter, ending June with zero debt, $77.3 million in cash, and a record backlog of $4.5 billion—a 91% increase since late 2025. To enhance share liquidity and accessibility for investors, the board approved a two-for-one stock split scheduled for distribution in August 2026. These figures demonstrate how disciplined capital allocation can generate significant operational efficiency during volatile market conditions.
