Energy Services Of America Corp. (ESOA) has reported a 53.32 percent jump in profit for the year ended Sep. 30, 2016. The company has earned $3.24 million, or $0.17 a share in the year, compared with $2.11 million, or $0.10 a share for the last year.

Revenue during the year surged 33.12 percent to $155.48 million from $116.80 million in the previous year. Gross margin for the year contracted 17 basis points over the previous year to 9.13 percent. Total expenses were 95.56 percent of annual revenues, down from 96.34 percent for the last year. This has led to an improvement of 78 basis points in operating margin to 4.44 percent.

Operating income for the year was $6.90 million, compared with $4.28 million in the previous year.

However, the adjusted EBITDA for the year stood at $9.41 million compared with $7.57 million in the prior year period. At the same time, adjusted EBITDA margin contracted 43 basis points in the year to 6.05 percent from 6.48 percent in the last year.

Douglas Reynolds, president, commented on the announcement. "We are extremely pleased with our earnings for fiscal year 2016. We significantly increased our net income available to common shareholders and revenue compared to last fiscal year. Also, the $78.5 million backlog entering fiscal year 2017 is a $7.2 million increase over the $71.3 million backlog entering fiscal year 2016. We were awarded several major projects in fiscal year 2016 that will be completed in the first quarter of fiscal year 2017. We will need to replace those projects in fiscal year 2017, but we feel the opportunities we are already seeing and our strong relationships with our customers will allow us to do so."