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0.046337817638266 0.0657698056801196 0.112107623318386 0.121076233183856 0.0582959641255605 0.0835276532137518 0.0762331838565022 0.0911808669656204
Stock impact report

Energy Services of America Reports Fiscal Third Quarter 2024 Results

Energy Services of America Corporation (ESOA) 
NASDAQ:AMEX Investor Relations: investors.cjenergy.com
Company Research Source: PR Newswire
Records 510 Basis Point Improvement in Gross Margin and 13 Percent Sequential Increase in BacklogHUNTINGTON, W.Va., Aug. 12, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fiscal third quarter ended June 30, 2024.Third Quarter Summary (1)Revenue of $85.9 million versus $85.5 millionGross profit of $15.3 million, a 41% increaseNet income of $17.5 million, or $1.06 per diluted share, compared to $3.4 million, or $0.21 per diluted share. This quarter's results include approximately $11.4 million net of estimated income tax expense, or $0.69 per diluted share, from a legal judgementAdjusted EBITDA of $10.8 million compared to $7.5 millionBacklog of $250.9 million compared to $222.8 million as of March 31, 2024(1) All comparisons are versus the comparable prior year period, unless otherwise stated."Our third quarter results, particularly our improved gross profit, reflect the underlying st Show less Read more
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