UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 25, 2014
Energy Services of America Corporation
(Exact Name of Registrant as Specified in its Charter)
|
Delaware (State or Other Jurisdiction of Incorporation) |
001-32998 (Commission File Number) |
20-4606266 (I.R.S. Employer Identification No.) |
| 75 West 3rd Ave., Huntington, West Virginia | 25701 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (304) 522-3868
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02 Results of Operations
On November 25, 2014, Energy Services of America, Inc. (the “Company”) issued a press release disclosing its results of operations and financial condition at and for the twelve months ended September 30, 2014.
A copy of the press release dated November 25, 2014 is included as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed filed for any purpose.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release dated November 25, 2014
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| ENERGY SERVICES OF AMERICA CORPORATION | |
| DATE: November 26, 2014 | By: /s/Charles Crimmel |
| Charles Crimmel | |
| Chief Financial Officer |
Exhibit 99.1
ENERGY SERVICES OF AMERICA RELEASES ESTIMATED EARNINGS
Huntington, WV November 25, 2014- Energy Services of America (OTC: ESOA), parent company of C.J. Hughes Construction Company and Nitro Electric Company, announced today estimated revenue of $93.3 million for fiscal year ended September 30, 2014. Gross margin and income from operations are estimated at $8.5million and $2.2 million, respectively. Net income available to common shareholders, which includes estimated tax benefits of $2.3 million, is estimated at $3.3 million. The company projects EBITDA of $5.6 million, or $0.39 per share, and earnings per share of $0.23 on 14,239,836 common shares outstanding. The projected backlog at September 30, 2014 is $51.8 million. Energy Services expects to publicly issue final earnings numbers on December 18, 2014.
Douglas Reynolds, President, commented on the announcement. “We are very pleased with our estimated earnings based on the number of obstacles we had to overcome in fiscal year 2014. From the restructuring of our debt and termination of the forbearance agreement to securing a line of credit for operating capital and re-establishing our bonding capacity, we believe that we have laid the foundation for greater success in the years to come.”
Certain statements contained in the release, including without limitation statements including the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.