Ecology and Environment, Inc. Reports Higher Net I
Post# of 617763
LANCASTER, NY --(Marketwired - March 15, 2017) - Ecology and Environment, Inc., ("E & E" or the "Company") (
Quarterly earnings improved to a loss of $0.07 per share for the current quarter from a loss of $0.11 per share for the second quarter of the prior year. Net income before taxes improved to income of $0.2 million for the current quarter from a loss of $0.5 million for the same quarter last year. The current quarter loss was mainly due to a tax charge related to repatriation of dividends from the Company's South American operations.
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 .
| Financial Report - | |||||||||||
| (In thousands, except per share information) | |||||||||||
| Three Months Ending | |||||||||||
| January 28, 2017 | January 30, 2016 | % Increase | |||||||||
| Revenue, net | $ | 24,802 | $ | 24,643 | 1 | % | |||||
| Revenue, net less subcontract costs | $ | 19,379 | $ | 19,913 | -3 | % | |||||
| Total operating expenses (excluding depreciation and amortization) | $ | 18,852 | $ | 20,083 | -6 | % | |||||
| Income (loss) before income tax provision | $ | 165 | $ | (360 | ) | 146 | % | ||||
| Net loss attributable to Ecology and Environment, Inc. | $ | (318 | ) | $ | (481 | ) | 34 | % | |||
| Net loss per common share (Basic and Diluted) | $ | (0.07 | ) | $ | (0.11 | ) | 36 | % | |||
| Six Months Ending | |||||||||||
| January 28, 2017 | January 30, 2016 | % Increase | |||||||||
| Revenue, net | $ | 50,407 | $ | 54,705 | -8 | % | |||||
| Gross revenue less subcontract costs | $ | 40,683 | $ | 44,380 | -8 | % | |||||
| Total operating expenses (excluding depreciation and amortization) | $ | 38,509 | $ | 41,688 | -8 | % | |||||
| Income before income tax provision | $ | 1,584 | $ | 2,259 | -30 | % | |||||
| Net income attributable to Ecology and Environment, Inc. | $ | 570 | $ | 183 | 211 | % | |||||
| Net income per common share (Basic and Diluted) | $ | 0.13 | $ | 0.04 | 225 | % | |||||
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