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SEVENSON ENVIRONMENTAL SERVICES, INC., REPORTS EARNINGS FOR THE QUARTER AND YEAR ENDED DEC. 31, 1991

 SEVENSON ENVIRONMENTAL SERVICES, INC.,
 REPORTS EARNINGS FOR THE QUARTER AND YEAR ENDED DEC. 31, 1991
 NIAGARA FALLS, N.Y., Feb. 18 /PRNewswire/ -- Sevenson Environmental Services, Inc. (NASDAQ-NMS: SEVN) today reported earnings for the year and fourth quarter ended Dec. 31, 1991.
 Revenues for 1991 were $48,352,526 vs. $74,684,571 in 1990. Net earnings for the year were $5,091,450, or $.78 a share, compared to $7,963,699, or $1.21 a share in 1990.
 Revenues for the fourth quarter were $10,327,262 vs. $27,584,067 in the fourth quarter of 1990. Net earnings from continuing operations for the quarter were $443,716 or $.07 a share compared to $2,386,032 or $.36 a share in the fourth quarter of 1990.
 Sevenson provides a comprehensive range of field services for the remediation of sites and facilities contaminated by hazardous materials. The company, which is headquartered in Niagara Falls, N.Y., operates in the United States and Canada. Since entering the site remediation business in 1979, the company has perfored over 300 projects including projects at the Love Canal and at other Superfund sites.
 SEVENSON ENVIRONMENTAL SERVICES, INC., AND SUBSIDIARY
 Consolidated Statements of Earnings
 (Unaudited)
 Three Month Period Ended Dec. 31 1991 1990
 Revenues:
 Contracts $10,189,592 $27,580,043
 Other 137,670 4,024
 10,327,262 27,584,067
 Cost and expenses:
 Cost of contracts:
 Direct costs 7,515,970 21,230,491
 Indirect costs 916,576 901,664
 Selling, general and administrative 1,533,762 1,690,078
 9,966,308 23,822,233
 Earnings from operations 360,954 3,761,834
 Other:
 Interest income 422,554 528,169
 Interest expense (32,529) (50,392)
 Gain on sale of property and equipment (263) (3,579)
 389,762 474,198
 Earnings before income taxes 750,716 4,236,032
 Income taxes 307,000 1,850,000
 Net earnings 443,716 2,386,032
 Weighted avg. no. of shares outstanding 6,511,400 6,600,000
 Earnings per share $.07 $.36
 SEVENSON ENVIRONMENTAL SERVICES, INC., AND SUBSIDIARIES
 Consolidated Statements of Earnings
 Year Ended 12/31/91 12/31/90 12/31/89
 Revenues:
 Contracts $47,960,913 $74,407,978 $51,855,282
 Other 391,613 276,593 205,491
 48,352,526 74,684,571 51,060,773
 Costs and expenses:
 Cost of contracts:
 Direct costs 32,971,750 55,389,812 36,611,502
 Indirect costs 3,310,216 3,002,184 1,930,619
 Selling, general & adm. 5,707,538 5,627,749 4,268,791
 41,989,504 64,019,745 42,810,912
 Earnings from operations 6,363,022 10,664,826 9,249,861
 Other:
 Interest income 1,806,383 1,976,643 1,670,329
 Interest expense (195,557) (211,141) (330,684)
 Gain (loss) on sale of
 property and equipment (15,398) (333,371) --
 1,595,428 2,098,873 1,339,645
 Earnings before income taxes 7,958,450 12,763,699 10,589,506
 Income taxes 2,867,000 4,800,000 3,849,000
 Earns. from cont. opers. 5,091,450 7,963,699 6,740,506
 Loss from discont. opers. -- -- (84,429)
 Net earnings 5,091,450 7,963,699 6,656,077
 Earnings per share
 Earns. from cont. opers. $.78 $1.21 $1.10
 Loss from discont. opers. -- -- $(.01)
 Net earnings $.78 $1.21 $1.09
 Weighted average shares of
 stock outstanding 6,550,387 6,600,000 6,130,958
 -0- 2/18/92
 /CONTACT: William J. McDermott, vice president-finance, of Sevenson Environmental, 716-284-0431/
 (SEVN) CO: Sevenson Environmental Services, Inc. ST: New York IN: SU: ERN


DM-JT -- PG006 -- 9868 02/18/92 11:07 EST
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Date:Feb 18, 1992
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