Business
Energy Services of America Reports Fiscal Third Quarter 2025 Results
Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA), today announced its results for its fiscal third quarter ended June 30, 2025.
About this update from Energy Services Of America Corporation
[{"type":"text","content":"HUNTINGTON, W.Va., Aug. 11, 2025 /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, 2025.","length":243,"tagName":"p"},{"type":"image","alt":"ESA Logo","displaySize":"","headline":null,"caption":"ESA Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":56,"url":"https://media.zenfs.com/en/prnewswire.com/84794732a308acb0078fb66caa35b633"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rwewQe61dlxjQLQH1cRdvg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk5O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/84794732a308acb0078fb66caa35b633","width":400,"height":56}},"href":"https://mma.prnewswire.com/media/2747932/ESA_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Third Quarter Summary (1)","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $103.6 million, a 21% increase","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $12.0 million, compared to $15.3 million","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $2.1 million, or $0.12 per diluted share","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog of $304.4 million compared to $250.9 million","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":203,"olType":false},{"type":"text","content":"(1) All comparisons are versus the comparable prior year period, unless otherwise stated.","length":94,"tagName":"p"},{"type":"text","content":""Our third quarter results show a significant sequential improvement as we entered the more favorable spring and summer weather period. We also recorded strong revenue growth from the prior-year quarter primarily driven by our Gas & Water Distribution business line," said Doug Reynolds, President of Energy Services. "We also increased our backlog by $24 million sequentially thanks in part to increased opportunities for water and wastewater projects."","length":478,"tagName":"p"},{"type":"text","content":""We remain optimistic about the outlook for our business as we enter the final quarter of fiscal 2025 and into fiscal 2026. Opportunities for projects within the e...