earnings
confidence high
sentiment neutral
materiality 0.75
Energy Services of America posts FY2022 revenue $197.6M, net income $3.9M, backlog $142.3M
Energy Services of America CORP
- Net income available to common shareholders of $3.9M ($0.24 diluted EPS); adjusted EBITDA $12.5M.
- Revenue increased 61% YoY to $197.6M from $122.5M; backlog nearly doubled to $142.3M.
- Gross profit rose to $22.4M from $12.9M; operating income of $6.5M vs loss of $0.9M in prior year.
- Completed two acquisitions in FY2022: Tri-State Paving & Sealcoating and Ryan Construction Services.