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ECOLOGY AND ENVIRONMENT ANNOUNCES SECOND QUARTER 1992 RESULTS

 ECOLOGY AND ENVIRONMENT ANNOUNCES SECOND QUARTER 1992 RESULTS
 BUFFALO, N.Y., March 13 /PRNewswire/ -- Net income for Ecology and Environment, Inc. (AMEX: EEI) for the second quarter ending Feb. 1, 1992 was $1.2 million, or $.30 per share down from $.36 per share in the second quarter of fiscal year 1991. Net revenues for the second quarter in fiscal year 1992 were $19.0 million down slightly from the $20.6 million recorded in the same period of the prior year.
 Ronald L. Frank, executive vice president and chief financial officer attributes the decrease in both net income and net revenues primarily to the Oct. 31, 1991 expiration of the Field Investigation Team (FIT) contract with the U.S. Environmental Protection Agency (EPA). The expiration of the FIT contract resulted in a $3.9 million decrease in net revenues for that contract in the second quarter of fiscal year 1992 as compared to the same period in fiscal year 1991. This reduction was partially offset by a $2.3 million second quarter increase from other contracts over the prior year period. Frank stated that the company's revenues in the private sector together with contracts from other governmental agencies such as the U.S. Department of Defense and Department of Energy are anticipated to grow in future quarters and should eventually replace the revenues and earnings previously generated by the FIT contract.
 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 1,000 people.
 ECOLOGY AND ENVIRONMENT, INC.
 Financial Report
 (In thousands, except per share information)
 Three months ending 2/1/92 1/26/91
 Gross revenues 21,272 23,577
 Net revenues 19,048 20,586
 Net income 1,184 1,403
 Net income per common share .30 .36
 Weighted average common shares outstanding 3,936 3,932
 Six months ending 2/1/92 1/26/91
 Gross revenues 48,423 47,527
 Net revenues 40,544 41,536
 Net income 2,712 2,914
 Net income per common share .69 .74
 Weighted average common share outstanding 3,935 3,932
 -0- 3/13/92
 /CONTACT: Ronald Frank of Ecology and Environment, Inc., 716-684-8060/
 (EEI) CO: Ecology and Environment, Inc. ST: New York IN: SU: ERN


AH-KW -- NY044 -- 7859 03/13/92 14:11 EST
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Date:Mar 13, 1992
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