EA Engineering, Science and Technology Inc.


April 13, 1991

Hunt Valley-based EA Engineering, Science and Technology Inc. reported a rebound in operating results for its second fiscal quarter, which ended Feb. 28.

Income from operations rose 27 percent, to $339,700, up from $267,100 a year earlier, while net income was up 35.6 percent, to $127,200, compared with $93,800 a year ago.

Net revenue increased 13.8 percent, to $11.1 million. It was $9.8 million in the year-earlier period.

Dr. Loren D. Jensen, chairman and president of the environmental services and remediation company, attributed the increase in net revenue to greater contract volume, particularly in EA's toxic and hazardous materials management business, which includes underground storage tank assessments and Department of Defense investigations. The company has also experienced healthy growth in its regional operations.

Net revenue in the Environmental Services group increased 28 percent during quarter and six months that ended Feb. 28.

Net revenue in the first six months of fiscal 1991 increased 13 percent, to $22 million from $19.5 million, while income from operations slumped 30 percent, to $691,900 from $993,100.

Net income fell to $219,400 from $507,000 for the six-month period.

The decline in income from operations and net income for the six-month period was due to continuing problems that began in the second quarter of fiscal 1990, including project overruns and high operating costs and declining net revenue at EA Mueller, and high costs associated with the reorganization of EA RTI's Western Division

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