EA Engineering, Science and Technology Inc.Cost overruns...


November 15, 1990

EA Engineering, Science and Technology Inc.

Cost overruns and additional hiring depressed earnings at this Hunt Valley-based environmental study and cleanup company, but demand for its scientists pushed revenues to a record high.

Loren Jensen, the former Johns Hopkins University professor who started the company, said yesterday that the company pulled in $11.3 million in the fourth fiscal quarter that ended Aug. 31, up from $9.8 million from last year. But profits for the period dropped to $60,000 from $416,000 in 1989.

The year-end backlog increased to more than $30 million, up 50 percent from the previous year-end, he said.

But he said business is booming for EA's toxic and hazardous waste materials management services, which include tests of underground storage tanks and analysis of pollution at Department of Defense facilities.

Crop Genetics International

This Hanover-based company reported a decrease in revenues for the second quarter, which ended Sept. 30, and a slightly reduced net loss of $1.1 million, compared with $1.3 million in the year-ago period.

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