Energy Services Q3 revenue record $85.5M; net income $3.4M, backlog jumps to $185.9M

Energy Services of America CORP

2023-Q3 EPS reported $0.10 revenue$199,245,920

Revenue $85.5M (largest quarter ever) vs $51.2M YoY; net income $3.4M ($0.21 diluted EPS) vs $1.6M.
Adjusted EBITDA $7.5M for Q3, up from $4.1M a year ago; nine-month adjusted EBITDA $10.0M.
Backlog at June 30, 2023: $185.9M vs $135.0M at June 30, 2022, reflecting strong demand.
Nine-month revenue $199.2M (up 54% YoY); net income $1.68M vs $2.13M due to higher SG&A and interest.
President cites investment in personnel driving record quarter; expects strong close to fiscal 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Energy Services of America CORP reported three and nine months ended June 30, 2023 results: revenue $85,529,892, net income $3,415,546, EPS $0.21.

Period: three and nine months ended June 30, 2023
Revenue: $85,529,892
Net income: $3,415,546
EPS: $0.21
Result: reported results

Exact text from the filing

Energy Services of America Announces Financial Results for the Three and Nine Months Ended June 30, 2023 Huntington, WV August 14, 2023- Energy Services of America Corporation (the “Company” or “Energy Services”) (Nasdaq: ESOA), generated net income of $3.4 million, fully diluted earnings per share of $0.21, revenues of $85.5 million, and adjusted EBITDA of $7.5 million for the three months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001104659-23-091422

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