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BUSINESS
January 19, 1996
A headline in yesterday's editions incorrectly stated that Analytical Resources Inc. bought GTS Duratek. In fact, GTS Duratek bought Analytical Resources.The Sun regrets the error.GTS Duratek, a Columbia-based technology company that specializes in hazardous waste disposal services, said yesterday that it has acquired Analytical Resources Inc. of Germantown.The publicly traded company bought the radioactive waste management and environmental consulting firm from its founder, C. Paul Deltete, for an undisclosed amount.
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BUSINESS
By June Arney and June Arney,SUN STAFF | November 9, 2000
GTS Duratek Inc., a Columbia-based provider of radiation protection services, reported yesterday that third-quarter earnings rose 17 percent to $3.4 million, primarily because of the acquisition of the Waste Management Nuclear Services business in June. That compared with $2.9 million posted for the third quarter a year earlier. Duratek reported net earnings per diluted share of 17 cents for the quarter, compared with 15 cents for the quarter a year ago. Revenue grew 65 percent to $73.9 million, compared with $44.8 million in the 1999 quarter.
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BUSINESS
August 28, 1997
Gov. Parris N. Glendening announced the approval yesterday of a state loan to help GTS Duratek Inc. buy equipment and machinery for its new Columbia headquarters.The $225,000 loan will convert to a grant if the hazardous-waste disposal company meets state-imposed conditions by July 31, 1999. The company must spend at least $2.1 million on improvements and add 42 positions, paying minimum annual salaries of $46,000 to its current work force of 68, said GTS Duratek spokeswoman Karen Shelsby.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | May 4, 2000
GTS Duratek, a Columbia-based provider of radiation protection services, said yesterday that earnings per share rose 22 percent in the first quarter, in large part because of the sale of a waste processing business. The company, which offers services both for people and the environment, reported net earnings of 11 cents per diluted share for the three months ended March 31, compared with 9 cents per diluted share posted for the first quarter a year ago. GTS said it had a quarterly net income of $2 million, on revenue of $41.1 million, compared with net income of $1.8 million, on revenue of $38.8 million, during the first quarter of 1999.
BUSINESS
By Michael Dresser and Michael Dresser,SUN STAFF | March 14, 1996
GTS Duratek, a Columbia environmental services and technology company, has reported a more than eightfold profit increase in last year's fourth quarter, compared with the same quarter of 1994.The company recorded a net profit of $300,000, compared with $35,000 in the previous fourth quarter. On a per-share basis, the earnings figure was reported as a loss of 1 cent because of dividend payouts to holders of preferred stock. The company earned 1 cent per share during the previous quarter.Operating profits, which the company considers the more important indicator, almost tripled from the same quarter of 1994, to $924,000 from $313,000.
BUSINESS
April 17, 1997
GTS Duratek Inc. of Columbia has decided to make major repairs on its radioactive-waste melter in South Carolina and will set aside $5.9 million during the first quarter as a reserve to cover costs.The melter at the Department of Energy's Savannah River Site shut down March 27 after operators noticed signs that the unit's insulation was failing. GTS Duratek has a $14 million contract to convert low-level nuclear waste at the site into glass using its vitrification technology.The melter was damaged by chemicals added to the radioactive sludge when the unit began operating six months ago, the company said.
BUSINESS
September 23, 1997
GTS Duratek of Columbia has won a $2 million contract to help plan the decommissioning of a nuclear power plant in Maine, and is aiming for a far bigger job.GTS Duratek will spend four to six months characterizing the radioactive and hazardous material at Maine Yankee Nuclear Power Plant in Wiscassett. Its report on the materials and how to handle them will serve as a framework for the overall decommissioning plan.The total cost of decommissioning could be as much as $500 million. GTS Duratek would like to win the job of handling all the dangerous waste, which could be 20 percent to 30 percent of the total work, a company spokeswoman said.
BUSINESS
July 23, 1998
GTS Duratek, a Columbia hazardous-waste-disposal company, said yesterday that it and several partners have reached agreement with the Department of Energy on a contract worth about $6.9 billion for cleanup at a federal storage site for radioactive waste.GTS Duratek and its lead partner, BNFL Inc. of Britain, will immobilize up to a quarter of the radioactive materials in 54 million gallons of waste at the federal Hanford Site near Richland, Wash.The government stores radioactive byproducts and nuclear waste in 177 underground tanks at Hanford.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | August 14, 1997
A major acquisition helped GTS Duratek double earnings and more than triple revenue in the second quarter, the company said yesterday.The Columbia-based hazardous-waste disposal company said its net income jumped 101 percent, to $1.036 million, compared with $516,000 during the same period last year. The earnings translated to a gain of 5 cents per share, up from 1 cent per share last year.Revenue for the quarter leaped to $38.01 million from $11.645 fTC million, a 226 percent increase.The numbers represent the acquisition of the Scientific Ecology Group, which GTS Duratek bought from Westinghouse Electric Corp.
NEWS
June 27, 1996
GTS Duratek, a Columbia environmental services and technology company, broke ground yesterday for a 35,000-square-foot corporate headquarters at 10100 Columbia Road in the Rivers Center near Kings Contrivance.The headquarters, projected to be completed in early December, will more than doublethe company's current site at 8955 Guilford Road in the Rivers Business Commons.A spokeswoman said the company plans to add 25 to 30 workers in the next two to three years. The company increased its staff by 70 percent in the last three years.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 5, 1999
Reduced operating costs helped GTS Duratek Inc.'s results improve dramatically in the second quarter, the company said yesterday, reporting a net income of $2.7 million, or 14 cents a share, compared with a loss of $387,000, or 6 cents a share, posted for the second quarter of 1998.Revenue in the three months that ended June 30 grew 7 percent to $41.7 million compared with $38.8 million in the quarter last year.In the 1998 quarter, the Columbia-based hazardous-waste disposal company booked about $2 million in higher-than-expected costs related to putting together proposals to decommission two nuclear power plants and to restructuring one of its facilities in Oak Ridge, Tenn.
BUSINESS
By Amanda J. Crawford and Amanda J. Crawford,SUN STAFF | July 28, 1999
GTS Duratek Inc., a Columbia hazardous-waste-disposal company, said yesterday that it received a contract worth an estimated $40 million to $50 million to help take an aging New England nuclear power plant out of service.The company will provide on-site radioactive-waste management, packaging, transportation, processing and disposal of all radioactive and hazardous waste related to the decommissioning of Connecticut Yankee's Haddam Nuclear Power Station in Haddam Nek, Conn., by Bechtel Power Corp.
BUSINESS
By Mark Ribbing and Mark Ribbing,SUN STAFF | July 17, 1999
Columbia radioactive waste-treatment company GTS Duratek Inc. said yesterday that it has hired First Security Van Kasper, a San Francisco investment banking firm, to help determine whether it should sell its petroleum-products subsidiary.GTS Duratek currently owns 80 percent of that subsidiary, DuraTherm Inc. of San Leon, Texas. DuraTherm specializes in processing petroleum sludge. Any oil squeezed out of the sludge is recycled, and what remains is sent to landfills.DuraTherm took in $10 million in revenue last year.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | August 7, 1998
GTS Duratek, a Columbia-based hazardous waste disposal company, reported a net loss yesterday of $419,000, or 6 cents a share, for the year's second quarter.That compared with a gain of $1.036 million, or 5 cents a share, in the second quarter of 1997.The company's stock tumbled this week after GTS Duratek announced last Friday that the second-quarter numbers would show a loss. Shares rose $1.3125 to $8.875 yesterday. After trading as high as $12 on July 22, they had dropped to less than $7 Monday in the wake of the warning.
BUSINESS
July 23, 1998
GTS Duratek, a Columbia hazardous-waste-disposal company, said yesterday that it and several partners have reached agreement with the Department of Energy on a contract worth about $6.9 billion for cleanup at a federal storage site for radioactive waste.GTS Duratek and its lead partner, BNFL Inc. of Britain, will immobilize up to a quarter of the radioactive materials in 54 million gallons of waste at the federal Hanford Site near Richland, Wash.The government stores radioactive byproducts and nuclear waste in 177 underground tanks at Hanford.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | November 7, 1997
Continuing to show the effects of a major acquisition in April, GTS Duratek, a hazardous waste disposal company based in Columbia, posted earnings and revenue for the third quarter that were more than triple the corresponding quarter last year.Duratek earned $1.4 million in the quarter, up 236 percent from $426,000 in 1996. Per-share earnings were 7 cents, in line with analysts' projections.Revenue in the quarter was $36.4 million, up 217 percent from $11.5 million in the same quarter last year.
BUSINESS
August 1, 1998
GTS Duratek said yesterday that it will report a second-quarter loss of about 6 cents per share, falling far short of analysts' expectations of a gain of 10 cents to 12 cents per share.The Columbia hazardous waste-disposal company attributed the loss to the postponement of a project at its Oak Ridge, Tenn., facility from the second quarter to the third quarter; high costs associated with projects, including one at the Maine Yankee Nuclear Power Plant; and the cost of streamlining the Oak Ridge facility.
BUSINESS
By Ted Shelsby and Ted Shelsby,Staff Writer | July 30, 1992
GTS Duratek Inc., a young Columbia-based technology company involved in environmental cleanup, reported its first profitable quarter yesterday, along with a prediction of more to come.The company's optimistic forecast is based on a recent $3.4 million contract with the U.S. Department of Energy, said Robert E. Prince, president and chief executive. GTS will demonstrate a new process it claims can cut billions off the cost of cleaning up nuclear weapons production sites.For the quarter that ended June 30, GTS earned $55,086, or 1 cent a share, after losing $34,272 in the same quarter last year.
BUSINESS
September 23, 1997
GTS Duratek of Columbia has won a $2 million contract to help plan the decommissioning of a nuclear power plant in Maine, and is aiming for a far bigger job.GTS Duratek will spend four to six months characterizing the radioactive and hazardous material at Maine Yankee Nuclear Power Plant in Wiscassett. Its report on the materials and how to handle them will serve as a framework for the overall decommissioning plan.The total cost of decommissioning could be as much as $500 million. GTS Duratek would like to win the job of handling all the dangerous waste, which could be 20 percent to 30 percent of the total work, a company spokeswoman said.
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