Energy Services of America Q3 net income $17.5M ($1.06 EPS) includes $11.4M legal judgment

Energy Services of America CORP

2024-Q3 EPS reported $1.11 revenue$247,214,602

Net income of $17.5M ($1.06 diluted EPS) vs $3.4M ($0.21) a year ago; includes $11.4M net from lawsuit judgment.
Gross profit $15.3M (17.8% margin) vs $10.9M (12.7%) prior year, a 41% increase.
Backlog $250.9M, up 13% from $222.8M at March 31, 2024 and 35% from $185.9M year ago.
Adjusted EBITDA $10.8M vs $7.5M prior year; revenue flat at $85.9M.
Debt reduced by nearly $14M in the quarter; management cites favorable tailwinds into fiscal 2025.

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