Ecology and Environment, Inc., First Quarter Earnings Down vs. Last Year, Up vs. Last Quarter
December 19 2012 - 4:46PM
Ecology and Environment, Inc. (E & E) (Nasdaq:EEI) reported
consolidated revenues for the first quarter of fiscal year 2013 of
$36.8 million, a decrease of $5.5 million or 13% from the $42.3
million reported in the first quarter of fiscal year 2012. Revenue
less subcontract costs was $29.8 million for the quarter compared
to $33.2 million in the first quarter of fiscal year 2012, a
decrease of $3.4 million or 10%. E & E reported net income of
$.2 million or $.06 per share for the first quarter of fiscal year
2013, a decrease of $1.0 million from the net income of $1.2
million or $.28 per share reported in the first quarter of the
prior year. However, compared to the fourth quarter of fiscal year
2012, net income for the first quarter of fiscal year 2013 has
improved $1.1 million and E & E reported a profit of $.06 per
share.
E & E has completed over 50,000 projects for a wide variety
of clients in 122 countries, providing environmental solutions in
nearly every ecosystem on our planet. E & E is listed on the
NASDAQ under the symbol EEI and the information contained in this
press release is available on the Company's website at
www.ene.com.
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Financial Report -- |
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(In thousands, except per share
information) |
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Three Months Ending |
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October 31, 2012 |
October 29, 2011 |
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Revenue |
$ 36,822 |
$ 42,312 |
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Revenue less Subcontract Costs |
$ 29,806 |
$ 33,200 |
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Net Income |
$ 243 |
$ 1,160 |
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Net Income Per Common Share: Basic and
Diluted |
$ 0.06 |
$ 0.28 |
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CONTACT: Mr. John Mye, P.E.
Vice President, Treasurer, and Chief Financial Officer
(716) 684-8060
jmye@ene.com
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