Energy Services of America Corporation reported its first quarter (Q1) fiscal 2026 results, posting revenue of USD 114.10 million, a 13.4% increase. Gross profit reached USD 14.00 million, while gross margin improved by 2.1 percentage points to 12.3%. Net income attributable to shareholders was USD 2.71 million, or USD 0.16 per diluted share. Adjusted EBITDA stood at USD 8.02 million. The company highlighted robust demand within its Gas & Water Distribution segment, which saw revenue growth of 30% year-on-year, and growth within its Gas & Petroleum Transmission segment due to the awarding of two new projects. Backlog increased by USD 41.70 million sequentially, reflecting strong project activity. While revenue for Electrical, Mechanical and General projects declined slightly versus the previous year, backlog in this area grew by USD 7 million sequentially. Management noted proactive workforce optimization during the seasonally slower winter months and remains optimistic about long-term business prospects.

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