Energy Services of America (ESOA) - 2024 Q4 - Annual Results

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$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$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]