Core Viewpoint - Energy Services of America Corporation reported its fiscal second quarter results, highlighting a revenue increase despite challenging weather conditions impacting profitability [3][4][6]. Financial Performance - Total revenues for the second quarter were $76.7 million, an 8% increase from $71.1 million in the same period last year [4][8]. - Gross profit was $78,000, a significant decrease from $6.2 million in the prior-year quarter, with gross margin dropping to 0.1% from 8.8% [5][8]. - Selling and administrative expenses rose to $8.2 million from $7.3 million, attributed to hiring for expected growth and the acquisition of Tribute [6][8]. - The net loss for the quarter was $6.8 million, or ($0.41) per share, compared to a net loss of $1.1 million, or ($0.07) per share, in the second quarter of fiscal 2024 [6][9]. Backlog and Future Outlook - The backlog as of March 31, 2025, was $280.7 million, up from $243.2 million as of September 30, 2024, and $222.8 million as of March 31, 2024 [7][8]. - The company anticipates improved revenue and profitability in the upcoming spring and summer months, driven by strong demand for water distribution services [3][4]. - The company remains focused on selecting projects with favorable margins and evaluating acquisition opportunities to enhance its portfolio [3].

Core Viewpoint - Energy Services of America Corporation (NASDAQ: ESOA) recently reported its Q1 '25 earnings, prompting an analysis of its performance over the past year, highlighting both positive and negative aspects of the company's operations [1]. Financial Performance - The company’s Q1 '25 earnings report serves as a basis for evaluating its financial health and operational efficiency over the last year [1]. Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a diversified portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Company Overview - Energy Services of America Corporation (NASDAQ: ESOA) is headquartered in Huntington, WV, and operates primarily in the mid-Atlantic and Central regions of the United States [2] - The company provides services to various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [2] - Energy Services employs over 1,300 employees regularly, emphasizing core values of safety, quality, and production [2] Upcoming Events - Management will host one-on-one investor meetings as part of the 37th Annual ROTH Conference on March 17, 2025 [1] - Interested investors can contact their ROTH representative or submit a request to schedule a meeting [1]

[First Quarter Highlights](index=1&type=section&id=First%20Quarter%20Summary) Q1 2025 saw Energy Services of America's revenue rise 12% to $100.6 million, but net income dropped to $854,000 due to weather and project timing, despite a growing $260.2 million backlog Key Financial Highlights | Metric | Q1 FY2025 ($) | Q1 FY2024 ($) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | $100.6 million | $90.2 million | +12% | | Gross Profit | $10.3 million | $10.8 million | -4.6% | | Net Income | $854,000 | $2.0 million | -58.2% | | Diluted EPS | $0.05 | $0.12 | -58.3% | | Adjusted EBITDA | $4.3 million | $5.8 million | -25.9% | | Backlog | $260.2 million | $185.9 million | +40.0% | - Management attributes the quarterly performance to continued growth in **distribution and Electrical/Mechanical segments**, offset by **weather and project timing impacts** on profitability, with demand remaining **strong** and an **increasing backlog** from both organic and inorganic growth[4](index=4&type=chunk) - The company acquired Tribute Contracting & Consultants on December 2, which partially contributed to the quarter's results[5](index=5&type=chunk) [Detailed Financial Performance](index=2&type=section&id=First%20Quarter%20Fiscal%202025%20Financial%20Results) Q1 2025 revenue increased to $100.6 million, primarily from Gas & Water Distribution and Electrical/Mechanical lines, though gross margin contracted to 10.2% and net income dropped to $854,000 due to segment profitability and higher expenses - The **12% year-over-year revenue increase** to **$100.6 million** was primarily driven by increased activity within the **Gas & Water Distribution** and **Electrical, Mechanical and General business lines**[6](index=6&type=chunk) - **Gross profit decreased** to **$10.3 million**, with **gross margin falling to 10.2% from 12.0%** in the prior-year quarter, attributed to **lower profit within the Gas & Petroleum Transmission segment**[7](index=7&type=chunk) - **Selling and administrative expenses increased by 19.4% to $8.6 million**, mainly due to **hiring additional personnel** to support and manage anticipated growth[7](index=7&type=chunk) - **Backlog demonstrated strong growth**, reaching **$260.2 million** as of December 31, 2024, an increase from **$243.2 million** at the end of the previous quarter and **$185.9 million** at the end of the prior-year quarter[8](index=8&type=chunk) [Financial Statements](index=2&type=section&id=Financial%20Statements) This section provides the unaudited consolidated financial statements, including the statement of operations, for the fiscal first quarter of 2025 and 2024 [Consolidated Statements of Operations (Unaudited)](index=2&type=section&id=Consolidated%20Statements%20of%20Operations%20(Unaudited)) This unaudited comparative income statement details the components leading to a net income of $853,733 for Q1 2025, a significant decrease from $2,042,195 in the prior year, with diluted EPS falling from $0.12 to $0.05 Consolidated Statements of Operations | | Three Months Ended Dec 31, 2024 ($) | Three Months Ended Dec 31, 2023 ($) | | :--- | :--- | :--- | | **Revenue** | **100,646,114** | **90,163,187** | | Cost of revenues | 90,382,532 | 79,324,226 | | **Gross profit** | **10,263,582** | **10,838,961** | | Selling and administrative expenses | 8,618,188 | 7,198,720 | | **Income from operations** | **1,645,394** | **3,640,241** | | Other income (expense) | (336,198) | (540,011) | | **Income before income taxes** | **1,309,196** | **3,100,230** | | Income tax expense | 455,463 | 1,058,035 | | **Net income** | **853,733** | **2,042,195** | | **Earnings per share-diluted** | **0.05** | **0.12** | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) This section presents non-GAAP financial measures, including a reconciliation of net income to Adjusted EBITDA, to provide additional insights into the company's operating performance [Reconciliation of Net Income to Adjusted EBITDA](index=3&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20EBITDA) This reconciliation details the calculation of Adjusted EBITDA, a non-GAAP measure, which decreased to $4.3 million in Q1 2025 from $5.8 million in the prior year, providing insight into the company's cash-generating activity Reconciliation of Net Income to Adjusted EBITDA | Reconciliation Item | Three Months Ended Dec 31, 2024 ($) | Three Months Ended Dec 31, 2023 ($) | | :--- | :--- | :--- | | **Net income** | **853,733** | **2,042,195** | | Add: Income tax expense | 455,463 | 1,058,035 | | Add: Interest expense, net | 483,718 | 601,684 | | Add (less): Non-operating expense (income) | 48,262 | (75,001) | | (Less) add: (gain) loss on sale of equipment | (195,782) | 13,328 | | Add: Depreciation and amortization | 2,698,828 | 2,176,621 | | **Adjusted EBITDA** | **4,344,222** | **5,816,862** | - The company includes **Adjusted EBITDA** to enhance the understanding of its operating performance, believing it is a **relevant indicator of trends related to cash-generating activity** and useful for comparison with other companies[11](index=11&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2024. Commission File Number: 001-32998 Energy Services of America Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 20-4606266 (State or Other Jurisdiction of Incorporation or Organization) (Mark One) (I.R.S. Employer Identification Number) 75 West 3 ...

HUNTINGTON, W.Va., Feb. 10, 2025 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fiscal first quarter ended December 31, 2024.First Quarter Summary (1) Revenue of $100.6 million, a 12% increase Gross profit of $10.3 million, compared to $10.8 million Net income of $854,000 or $0.05 per diluted share, compared to $2.0 million, or $0.12 per diluted share Adjusted EBITDA of $4.3 million compared to $5.8 million Back ...

Revenue Performance - Revenue for Q4 2024 was $104.7 million, slightly down from $104.9 million in Q4 2023[3] - Full-year revenue for fiscal 2024 was $351.9 million, a 15.7% increase from $304.1 million in fiscal 2023[5] Gross Profit and Margin - Gross profit for Q4 2024 increased to $17.6 million, up from $16.0 million in Q4 2023, with a gross margin of 16.8% compared to 15.3%[10] - Full-year gross profit for fiscal 2024 was $50.0 million, a 36% increase from $36.8 million in fiscal 2023[5] Net Income and Earnings Per Share - Net income for Q4 2024 was $6.7 million, or $0.40 per diluted share, compared to $5.7 million, or $0.34 per diluted share in Q4 2023[11] - Full-year net income for fiscal 2024 was $25.1 million, or $1.51 per diluted share, compared to $7.4 million, or $0.44 per diluted share in fiscal 2023, including $11.4 million from a legal judgment[5] Adjusted EBITDA - Adjusted EBITDA for fiscal 2024 was $28.8 million, up from $20.8 million in fiscal 2023[6] Backlog - Backlog as of September 30, 2024, was $243.2 million, compared to $229.8 million as of September 30, 2023[6] Dividend and Future Outlook - The company announced plans to double its annualized dividend payment, reflecting optimism for fiscal 2025[8] Acquisitions and Strategic Benefits - The recent acquisition of Tribute Contracting is expected to benefit the company, particularly in the water and wastewater sectors[8]

Records Annual 15.7% Revenue and 36% Gross Profit Increase  HUNTINGTON, W.Va., Dec. 16, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fourth quarter and fiscal year ended September 30, 2024.Fourth Quarter Summary (1) Revenue of $104.7 million versus $104.9 million Gross profit of $17.6 million versus $16.0 million Net income of $6.7 million, or $0.40 per diluted share, compared to $5.7 million, or $0.34 pe ...

Core Points - Energy Services of America Corporation has completed the acquisition of Tribute Contracting & Consultants, LLC for a total consideration of $22 million in cash and $2 million in common stock [2] - The acquisition aligns with Energy Services' strategy to enhance its presence in the water distribution and wastewater sectors [2] - Tribute specializes in underground utility contracting, employing approximately 90 construction workers primarily in Ohio, Kentucky, and West Virginia [1][2] Company Overview - Energy Services of America Corporation is headquartered in Huntington, WV, and operates mainly in the mid-Atlantic and Central regions of the United States [3] - The company provides services across various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [3] - Energy Services employs over 1,200 individuals and emphasizes core values of safety, quality, and production [3]

HUNTINGTON, W.Va. , Nov. 20, 2024 /PRNewswire/ -- Energy Services of America (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced that the Company's board of directors declared a quarterly cash dividend of $0.03 per common share payable on January 2, 2025 to shareholders of record at the close of  business on December 13, 2024.Douglas Reynolds, President, commented on the announcement. "The Board of Directors of Energy Services believes that the best way to show our appreciation and commitme ...