LANCASTER, N.Y., Oct. 31, 2011 (GLOBE NEWSWIRE) -- Ecology and Environment, Inc., (E & E) (Nasdaq:EEI) reported record revenues of $169 million for fiscal year 2011, including record revenues for the fourth quarter of $44.2 million. E & E also reported net income of $1.65 per share for the fiscal year and $.45 per share for the fourth quarter – again both records for the year and quarter.
E & E's record fiscal year ending July 31, 2011, had an earnings increase of 63% to $1.65 per share on revenues of $169.2 million compared to earnings of $1.02 per share on revenues of $144.1 million in the prior year.
"We'd like to thank our clients and our employees globally," said E & E president and CEO Kevin Neumaier. "This was a record year for our operations around the world. Although there are economic uncertainties in the world, it is clear that the world must move to more sustainable business and a globally sustainable economy. E & E is well-positioned to support this with our depth of knowledge and global experience."
E & E has completed over 50,000 projects for a wide variety of clients in 113 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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Fiscal Year Ending |
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July 31, 2011 |
July 31, 2010 |
% Increase |
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Revenue |
$ 169,173 |
$ 144,098 |
17% |
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Revenue less Subcontract Costs |
$ 137,847 |
$ 113,806 |
21% |
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Net Income |
$ 6,960 |
$ 4,258 |
63% |
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Net Income Per Common Share: Basic and Diluted |
$ 1.65 |
$ 1.02 |
62% |
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Three Months Ending |
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July 31, 2011 |
July 31, 2010 |
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Revenue |
$ 44,161 |
$ 40,698 |
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Revenue less Subcontract Costs |
$ 35,290 |
$ 32,807 |
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Net Income |
$ 1,914 |
$ 1,876 |
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Net Income Per Common Share: Basic and Diluted |
$ 0.45 |
$ 0.44 |
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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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