Energy Services of America reports Q2 EPS (7c) vs. (11c) last year

Reports Q2 revenue $71.1M vs. $53.7M last year. “Our second quarter results reflect the continued growth and improved operating performance across all of our business lines,” said Doug Reynolds, President. “Although the second quarter is historically our most challenging due to weather, we added approximately $37 million to our backlog compared to the first quarter, and we believe our recent staffing initiatives will allow us to effectively manage these construction projects going forward. We believe the outlook for the industries we serve remains strong for the foreseeable future. We have a robust backlog and have seen greater than anticipated demand which allows us to prioritize our project selection on those that offer more favorable margin profiles. Overall, we believe are well-positioned with strong macro tailwinds that will allow us to continue to deliver long-term value to our shareholders in the coming quarters and beyond”.