Energy and Environmental Services, Inc. Reports Earnings Results for the First Quarter of 2018; Provides Earnings Guidance for the Year 2018
Energy and Environmental Services, Inc. reported earnings results for the first quarter of 2018. For the quarter, the company reported sales revenues continued to strengthen with an increase of $829,400 (110%) from $755,200 in the first quarter 2017 to $1,584,600 for the first quarter 2018. EBITDA for the first quarter 2018 was $53,800 compared to LBITDA of $298,000 for the first quarter 2017. Net loss for the first quarter 2018 was $17,500 versus a net loss of $445,500 in the first quarter 2017.
With improved margins, The company expects a return to profitability by year end 2018.