American Eco Record Growth Earns $0.41 Per Share for First Six Months.HOUSTON--(BUSINESS WIRE)--July 9, 1996--AMERICAN ECO E·co , Umberto Born 1932. Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture. CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ECGOF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ECX ECX European Climate Exchange ECX E-Commerce Exchange ECX eCatalog XML ECX Extended Count Register ECX Electronically Controlled Telephone Exchange ECX Extrusion-Cast Explosive (fine-grain) ECX Experimental Concentration - Percent ) AMERICAN ECO CORPORATION announced a continuation of its record Quarterly earnings for the six month period ending May 31, 1996, increasing nearly four times to US$3.9 million or US$0.41 per share, compared to US$1,135,000 or US$0.17 per share for the same six months of 1995. Revenues also increased three times to US$65.1 million for the six months, compared to US$20.1 million in 1995. The above results are unaudited. Michael E. McGinnis, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Eco, stated, "Revenues of $65.1 million in the first six months of 1996 compared to revenues for the TOTAL year 1995 of US$46.7 million added to anticipated acquisition closings in the second half are consistent with American Eco's expectation to more than quadruple in 1996." -0- FIRST SIX MONTHS COMPARISON (US Dollars): 6 Mon - 1996 6 Mon - 1995 Percent Change $65,083,000 Revenue $ 20,106,000 323 percent $ 3,872,000 Income $ 1,135,000 341 percent 9,559,690 Weighted Av. 6,832,981 140 percent US$ 0.41 EPS US$ 0.17 241 percent 2nd QUARTER COMPARISON (US Dollars): 2ndQ - 1996 2ndQ - 1995 Percent Change $ 25,069,000 Revenue $ 9,079,000 276 percent $ 2,067,000 Income $ 652,000 317 percent 9,559,690 Weighted Av. 6,832,981 140 percent US$ 0.21 EPS US$ 0.10 200 percent AMERICAN ECO is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. provider of single source construction, project management, maintenance, demolition, dismantlement and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a services in the refining, petrochemical, government, commercial, manufacturing, and utility industries. CONTACT: American Eco Corporation, Houston 713/807-0100 or American Eco Corporation, Toronto John C. Pennie, 416/340-2727 |
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