Energy Services of America Corporation (Nasdaq: ESOA) has announced its fiscal second quarter 2025 results, reflecting a revenue of $76.7 million, which marks an 8% increase compared to the same period in the prior year. The company reported a net loss of $6.8 million for the quarter ended March 31, 2025. The backlog increased from $222.8 million as of March 31, 2024, to $280.7 million as of March 31, 2025. Doug Reynolds, President of Energy Services, noted that the second quarter is typically the company's lowest revenue period due to weather conditions, which were more unfavorable this year, particularly affecting the C.J. Hughes business. However, Reynolds expressed optimism about the $37 million sequential increase in backlog from September 30, 2024, to March 31, 2025, and anticipates improved revenue and profitability in the upcoming spring and summer months. The company remains optimistic about the prospects for the second half of fiscal 2025 and into fiscal 2026, driven by strong demand for water distribution projects, particularly from private utility companies working on deferred pipe replacement projects. Energy Services is focused on selecting projects with favorable margin profiles.
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