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Stock impact report

Energy Services of America Reports Fiscal First Quarter 2025 Results

Energy Services of America Corporation (ESOA) 
NASDAQ:AMEX Investor Relations: investors.cjenergy.com
Company Research Source: PR Newswire
HUNTINGTON, W.Va., Feb. 10, 2025 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fiscal first quarter ended December 31, 2024.First Quarter Summary (1)Revenue of $100.6 million, a 12% increaseGross profit of $10.3 million, compared to $10.8 millionNet income of $854,000 or $0.05 per diluted share, compared to $2.0 million, or $0.12 per diluted shareAdjusted EBITDA of $4.3 million compared to $5.8 millionBacklog of $260.2 million compared to $243.2 million as of September 30, 2024Acquired Tribute Contracting & Consultants on December 2nd(1) All comparisons are versus the comparable prior year period, unless otherwise stated."Our first quarter results reflect the continued growth within our distribution and Electrical, Mechanical, and General segments and a partial contribution from our purchase of Tribute," said Doug Reynolds, President. "Profitability for the quarter was impacted by weather Show less Read more
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