-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TCATpT1HsSrgWMFBKEaT2rE3T9/ES1C3zM+NBYzDiTHJVDFawTfyel50ip5FSnWu Ifw+GIZ7C3JqW78M6XbCLA== 0000943374-11-000109.txt : 20110214 0000943374-11-000109.hdr.sgml : 20110214 20110214102628 ACCESSION NUMBER: 0000943374-11-000109 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110214 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Energy Services of America CORP CENTRAL INDEX KEY: 0001357971 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 204606266 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32998 FILM NUMBER: 11602879 BUSINESS ADDRESS: STREET 1: 2450 FIRST AVENUE CITY: HUNTINGTON STATE: WV ZIP: 25703 BUSINESS PHONE: 304-528-2791 MAIL ADDRESS: STREET 1: 2450 FIRST AVENUE CITY: HUNTINGTON STATE: WV ZIP: 25703 FORMER COMPANY: FORMER CONFORMED NAME: Energy Services Acquisition Corp. DATE OF NAME CHANGE: 20060330 8-K 1 form8k_21411.htm FORM 8-K form8k_21411.htm
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):  February 14, 2011
 
 
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.)

100 Industrial Lane, Huntington, West Virginia 25702-9694
 (Address of principal executive offices)

(304) 399-6315
Registrant's telephone number, including area code


(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:
 
¨
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 and Financial Condition

On February 14, 2011, Energy Services of America Corporation issued a press release announcing its financial results for the three months ended December 31, 2010.  The press release is attached as Exhibit 99.1 to this report.

This information, including the press release filed as Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01
Financial Statements and Exhibits

(a)
Financial Statements of businesses acquired.
 
Not Applicable.
 
(b)
Pro forma financial information.
 
Not Applicable.
 
(c)
Shell Company Transactions.
 
Not Applicable.
 
(d)
Exhibits.
 
 
The following Exhibit is attached as part of this report:
 
99.1           Press release of Energy Services of America Corporation datedFebruary 14, 2011
   



 
 

 

SIGNATURES

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: February 14, 2011    
      By: /s/ Edsel R. Burns
 
Edsel R. Burns
 
President
 
(Duly Authorized Representative)
 


 


 
 

 


 
EXHIBIT INDEX
 

99.1                                Press Release dated February 14, 2011






EX-99.1 2 ex99_release21411.htm PRESS RELEASE ex99_release21411.htm
Huntington, W. Va. – February  14, 2011
 
Energy Services of America Corporation Announces results for the three   
months  ended  December  31, 2010.
 
 Energy Services of America (Amex: ESA) announced today that the company  finished the first three months of its fiscal year at about breakeven with a loss of ($54,553) for the three months ended December 31, 2010.  This was very comparable to the slight income of $637,563 for the three months ended December 31, 2009.   EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter ended December 31, 2010 totaled $1,866,680 compared to an EBITDA  of $2,861,006 for the same quarter of 2009.
 
Marshall T. Reynolds, Chairman, noted he was  pleased with the performance for the quarter.  “The first two quarters of our  fiscal year are normally low so we are pleased that we finished this quarter at about breakeven.   Also, we are even more excited about the prospects for 2011 which appear to be very good.  Our Backlog at December 31, 2010 was $41.4 million.  Further,   we currently  have bids in excess of $120 million submitted to customers for consideration and the volumes  coming up for bid that we are aware of are about double the amounts at the same time last year.    While our success at winning the contracts always determines the revenue we ultimately will generate, with the increased volume of work av ailable, we are very excited about our prospects for 2011.  Our backlog last year at this time was higher due to two large 2010 projects being bid earlier than normal.   However,  as previously stated, with the large volume of known projects being bid currently and the anticipated additional projects  planned for 2011, we feel that business conditions are the best we have seen since acquiring C J Hughes and ST Pipeline and our prospects for a profitable and successful  2011 are  very good. ”
 
Edsel R. Burns, President of ESA,  shared Mr. Reynolds’ thoughts.  “We  feel  very good about the company’s current position.    The  Company continues to focus on improving our operating efficiencies  and those efforts coupled with the anticipated strong demand  for our services in 2011 should result  in  successful  performance.  Having  gone through the difficulties of the 2009 economic meltdown and  bounced back with the good performance in 2010, we feel the Company is well positioned to  perform well into the future.”  Key information at December  31, 2010 and for the three months ended  December 31, 2010 is as follows:
 

 
 

 
 
Energy Services of America Corporation
 
Key Financial Information
 
             
             
   
--------Three Months-----------------
 
   
Ended
   
Ended
 
   
December 31,
   
December 31,
 
   
2010
   
2009
 
             
Revenues
  $ 33,955,121     $ 29,951,737  
                 
Net Income (loss)
  $ (54,553 )   $ 637,563  
                 
Earnings (loss) Per Share- Basic
  $ (0.005 )   $ 0.053  
                 
Earnings (loss) Per Share-Diluted
  $ (0.005 )   $ 0.053  
                 
Other Information at December 31, 2010:
               
Shares Outstanding
    12,092,307          
Total Assets
  $ 109,579,121          
Total Liabilities
  $ 49,495,991          
Total Equity
  $ 60,083,130          
Stated Book Value per share
  $ 4.97          
 Backlog December 31, 2010
  $ 41,400,000          
-


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 uncertain ties, 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.
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