Correcting...American Eco Record Six Month Earnings Reach $8.0 million for $0.55 per Share.HOUSTON, TEXAS--(BUSINESS WIRE)--July 15, 1997--American Eco Corpora corpora plural form of corpus. corpora albicantia see corpus albicans. corpora arenacea sandy or gritty bodies, found in the pineal body; appear to be of glial or stromal origin; have the structure of (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 ., 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. ) AMERICAN ECO CORPORATION announced record Quarterly earnings for the six month period ending May 31, 1997, doubling to US$8.0 million or US$0.55 per share, compared to US$3.9 million or US$0.41 per share for the same six months of 1996. Revenues grew 56% to US$101.6 million for the six months, compared to US$65.1 million in 1996. 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 $101.6 million and earnings of $8.0 million in the first six months of 1997, have almost reached the total for the entire year of 1996. This tremendous internal growth and the added impact of the acquisition of Chempower in the second quarter, indicate that we are on track for another banner year."
FIRST SIX MONTHS COMPARISON (US Dollars):
6 Mon - 1997 6 Mon - 1996
$101,599,000 Revenue $ 65,083,000
$ 7,982,000 Income $ 3,872,000
14,624,864 Weighted Av. 9,559,690
US$ 0.55 EPS US$ 0.41
2nd QUARTER COMPARISON (US Dollars):
2ndQ - 1997 2ndQ - 1996
$ 56,362,000 Revenue $ 25,069,000
$ 4,438,000 Income $ 2,067,000
14,624,864 Weighted Av. 9,559,690
US$ 0.30 EPS US$ 0.21
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, management, maintenance, engineering and environmental remediation services in the refining, petrochemical, utility, forest products and offshore manufacturing industries. CONTACT: American Eco Corporation, Houston David Norris, 888/774-3246 or American Eco Corporation, Houston Cindy Jackson, 888/774-3246 |
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