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GZA GEOENVIRONMENTAL TECHNOLOGIES, INC. REPORTS FIRST QUARTER FY '94 RESULTS

 NEWTON UPPER FALLS, Mass., July 7 /PRNewswire/ -- GZA GeoEnvironmental Technologies, Inc. (NASDAQ-NMS: GZEA) today announced its results for the first quarter ended May 31, 1993. Net revenues for the first quarter of fiscal 1994 were $10.3 million, up 8.2 percent over last year's $9.5 million. The company reported net income of $245,000 or 7 cents per share compared to net income of $330,000 or 9 cents per share in the first quarter of last year. The company attributed the decrease in net income primarily to higher insurance expense, principally medical and worker's compensation, higher depreciation expense related to increased capital equipment purchases as well as lower interest income on invested funds.
 Commenting on the first quarter, Donald T. Goldberg, chairman of the board and chief executive officer, commented: "We are satisfied with our first quarter results in that we are on track to achieve our business plan goals for the year and we expect continued, progressive improvement in earnings. Our new offices in the Southwest are performing well, which will help us achieve our strategic goal of lessening our dependence on the Northeast region. We continue to team with large engineering-construction firms to aggressively pursue major work for the Department of Defense, and we believe that the prognosis for success is high. We are also selectively expanding the scope of our technical services and geographical presence to improve client service. In an increasingly competitive marketplace, we believe the key to our success in fiscal 1994 and beyond is identifying and meeting our clients' individual requirements better than the competition."
 GZA GeoEnvironmental Technologies, Inc. provides a wide spectrum of environmental consulting and remediation services and geotechnical services to private sector companies and public agencies. The common stock of GZA GeoEnvironmental Technologies, Inc. is listed on the National Market System of NASDAQ, symbol GZEA.
 GZA GEOENVIRONMENTAL TECHNOLOGIES, INC.
 SUMMARY FINANCIAL DATA
 (Unaudited)
 (In thousands, except per share data)
 Three Months Ended May 31,
 1993 1992
 Net revenue $10,310 $9,530
 Income before income taxes $409 $549
 Net income $245 $330
 Net income per share 7 cents 9 cents
 Weighted average shares
 outstanding 3,725 3,714
 -0- 7/7/93
 /CONTACT: Kim Whelan, investor relations, GZA GeoEnvironmental Technologies, 617-969-0700, ext. 6298/
 (GZEA)


CO: GZA GeoEnvironmental Technologies, Inc. ST: Massachusetts IN: ENV SU: ERN

DJ -- NE001 -- 8916 07/07/93 08:25 EDT
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Date:Jul 7, 1993
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