Printer Friendly

ECOLOGY AND ENVIRONMENT ANNOUNCES INCREASED NET REVENUES AND EARNINGS FOR FIRST QUARTER OF FISCAL YEAR 1992

ECOLOGY AND ENVIRONMENT ANNOUNCES INCREASED NET REVENUES AND EARNINGS
 FOR FIRST QUARTER OF FISCAL YEAR 1992
 BUFFALO, N.Y., Dec. 3 /PRNewswire/ -- Ecology and Environment today issued the following earnings release:
 HIGHLIGHTS
 Net income for Ecology and Environment, Inc. (AMEX: EEI) for the first quarter ending Oct. 26, 1991, reached a new high of $1.5 million, or 39 cents per share, up from 38 cents per share in the first quarter of fiscal year 1991. Net revenues for the first quarter in fiscal year 1992 were $21.5 million, up slightly from the $20.9 million recorded in the same period of the prior year.
 DETAILS
 Ronald L. Frank, executive vice president and chief financial officer, attributes the increase in net revenues to the company's efforts to expand its markets in the energy industry and new opportunities with the U.S. Department of Energy (DOE) and the Department of Defense (DOD). This includes investigations of mixed nuclear and chemical waste problems at DOE facilities and military base closures for DOD. During this first quarter, however, a major contract with the Environmental Protection Agency came to an end. Although the impact on revenues and earnings were not significant in the first quarter subsequent quarters may be erratic in comparison to prior year's results.
 Ecology and Environment, Inc., founded in 1970, is a firm of international specialists in the environment and is headquartered in Lancaster, N.Y., a suburb of Buffalo. It has offices in 25 cities throughout the United States, and is represented in more than 20 countries around the world. It currently employs approximately 1,100 people.
 ECOLOGY AND ENVIRONMENT, INC.
 Financial Report
 (In thousands, except per share information)
 Three months ending 10/26/91 10/27/90
 Gross revenues $27,150 $23,950
 Net revenues 21,496 20,950
 Net income 1,528 1,511
 Net income per common share $.39 $.38
 Weighted average common
 shares outstanding 3,933 3,932
 -0- 12/3/91
 /CONTACT: Ronald Frank of Ecology and Environment, 716-684-8060/
 (EEI) CO: Ecology and Environment Inc. ST: New York IN: SU: ERN SM-FC -- NY024 -- 8670 12/03/91 10:25 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 3, 1991
Words:356
Previous Article:UNISYS WINS $40 MILLION ORDER FROM GERMAN TELEKOM
Next Article:ALLIED GROUP DECLARES REGULAR DIVIDEND
Topics:


Related Articles
ECOLOGY AND ENVIRONMENT ANNOUNCES SECOND QUARTER 1992 RESULTS
ECOLOGY AND ENVIRONMENT ANNOUNCES THIRD QUARTER 1992 RESULTS
ECOLOGY AND ENVIRONMENT, INC. ANNOUNCES FISCAL YEAR 1992 RESULTS
ECOLOGY AND ENVIRONMENT, INC. ANNOUNCES EARNINGS INCREASE FOR FISCAL YEAR 1993
ECOLOGY AND ENVIRONMENT, INC. ANNOUNCES EARNINGS INCREASE FOR FIRST QUARTER OF FISCAL YEAR 1994
ECOLOGY AND ENVIRONMENT, INC. ANNOUNCES NET REVENUES AND INCOME FOR THIRD QUARTER OF FISCAL YEAR 1994
Ecology and Environment, Inc. Announces Revenues and Earnings For First Quarter of Fiscal Year 1997
Ecology and Environment, Inc. Announces Revenues/Earnings For Third Quarter of Fiscal Year 1997
Ecology and Environment, Inc. Announces Results for Fiscal Year 1997
Ecology and Environment, Inc. Announces Increased Revenues and Earnings For Second Quarter of Fiscal Year 1998

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters