Energy Services of America posts Q1 net income of $164K on $60M revenue; backlog doubles to $206.9M

Energy Services of America CORP

2023-Q1 EPS reported $0.01 revenue$60,042,585

Net income of $164K (diluted EPS $0.01) vs $1.17M ($0.07) in prior-year quarter.
Revenue increased 41% YoY to $60.0M from $42.7M.
Adjusted EBITDA fell to $2.6M from $3.1M in the year-ago quarter.
Backlog doubled to $206.9M from $101.6M, supported by natural gas, EV battery, and school projects.
President Reynolds: Q1 did not meet expectations, but backlog positions company for a strong fiscal year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Services of America CORP reported the three months ended December 31, 2022 results: revenue $60.0 million, net income $164,000, EPS $0.01.

Period: the three months ended December 31, 2022
Revenue: $60.0 million
Net income: $164,000
EPS: $0.01
Result: reported results

Exact text from the filing

of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), generated net income of $164,000, fully diluted earnings per share of $0.01, revenues of $60.0 million, and adjusted EBITDA of $2.6 million for the three months ended December 31, 2022. The Company had an unaudited backlog of $206.9 million at December 31, 2022, as compared to

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Source: SEC EDGAR

accession 0001104659-23-019744

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