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 ...

HUNTINGTON, W.Va., Nov. 20, 2024 /PRNewswire/ -- Energy Services of America (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its President, Doug Reynolds, and  Chief Financial Officer, Charles Crimmel, will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. The Company's presentation is scheduled to begin at 11:30am CT. The presentation is webcast and can be accessed through the conference host's main website: https://www.three ...

HUNTINGTON, W.Va., Oct. 31, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced it has entered into an Asset Purchase Agreement with Tribute Contracting & Consultants, LLC ("Tribute"), an underground utility contractor that primarily specializes in water and wastewater system installations in Ohio, Kentucky, and West Virginia.Under the terms of the agreement, Energy Services' new subsidiary, Tribute Acquisition Company, will purcha ...

Revenue and Profit - Revenue for the third quarter was $85.9 million, compared to $85.5 million in the prior-year quarter[2][3] - Gross profit increased by 41% to $15.3 million, with gross margin improving to 17.8% from 12.7%[2][3] - Nine-month revenue totaled $247.2 million, up from $199.2 million in the prior-year period[5] Net Income and Adjusted EBITDA - Net income was $17.5 million, or $1.06 per diluted share, including $11.4 million from a legal judgment[2][4] - Adjusted EBITDA rose to $10.8 million from $7.5 million in the prior-year quarter[2][6] - Nine-month net income was $18.4 million, compared to $1.7 million in the prior-year period[5] - Adjusted EBITDA for the nine-month period was $17.7 million, up from $10.0 million in the prior-year period[6] Backlog and Projects - Backlog increased by 13% sequentially to $250.9 million, with 30% from water projects and 20% from new construction in EV battery and steel manufacturing[2][4] Debt and Expenses - The company reduced its debt by nearly $14 million during the quarter[2] - Selling and administrative expenses increased to $6.8 million from $5.3 million due to additional personnel hires[3]

Records 510 Basis Point Improvement in Gross Margin and 13 Percent Sequential Increase in Backlog Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended June 30, June 30, June 30, June 30, 2024 2023 2024 2023 HUNTINGTON, W.Va., Aug. 12, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fiscal third quarter ended June 30, 2024. Third Quarter Summary (1) Revenue of $85.9 million versus $85.5 m ...

Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV, is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,000+ employees on a regular basis. The Company's core values are safety, quality, and production. Heritage Painting operates in West Virginia and s ...

Company Overview - Energy Services of America Corporation (NASDAQ: ESOA) is a contractor and service company based in Huntington, WV, primarily operating in the mid-Atlantic and Central regions of the United States [6] - The company provides services to various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [6] - Energy Services employs over 1,000 employees regularly and emphasizes core values of safety, quality, and production [6] Conference Participation - Energy Services will present at the East Coast IDEAS Investor Conference on June 13, 2024, at 11:30 am ET [1] - The presentation will be webcast and accessible through the conference host's website and the company's website [1] IDEAS Investor Conferences - The IDEAS Conferences aim to provide independent venues for quality companies to present their investment merits to investment professionals [3] - These conferences are sponsored by investors for the benefit of regional investment communities, with sponsors managing over $200 billion in assets [3] - The conferences are produced annually by Three Part Advisors, LLC, with more information available at www.IDEASconferences.com [5]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 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) (I.R.S. Employer Identification Number) 75 West 3 rd ...