This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

American Science And Engineering, Inc. Reports Results For Fourth Quarter And Fiscal Year 2013 And Declares A Quarterly Dividend

  • $0.48 Impact to EPS Related to Force Reduction and One-Time Charge
  • Free Cash Flow of $27.5M in FY13
  • Performance from Service Contracts Remains Strong
  • AS&E's Board of Directors Approves $35 Million Stock Repurchase Program

BILLERICA, Mass., May 7, 2013 (GLOBE NEWSWIRE) -- American Science and Engineering, Inc. (Nasdaq:ASEI) ("AS&E"), a leading worldwide supplier of innovative X-ray inspection solutions, today reported its financial results for the fourth quarter and fiscal year ended March 31, 2013. The Company reported revenues of $42,280,000 as compared with revenues of $39,764,000 for the fourth quarter of fiscal year 2012, net income of $760,000 as compared with net income of $1,343,000 for the fourth quarter of fiscal year 2012, and earnings per share of $0.09 as compared with earnings per share of $0.15 for the fourth quarter of fiscal year 2012.

For the fiscal year ended March 31, 2013, the Company reported revenues of $186,680,000 as compared with revenues of $203,552,000 for the prior fiscal year, net income of $17,454,000 as compared with net income of $21,422,000 for the prior fiscal year, and earnings per share of $2.07 as compared with earnings per share of $2.34 for the prior fiscal year.

The Company reported $8,771,000 in bookings for the fourth quarter of fiscal year 2013 as compared with $23,278,000 in bookings for the fourth quarter of the prior fiscal year and $180,310,000 in bookings for the fiscal year ended March 31, 2013 as compared with the $180,895,000 in bookings for the prior fiscal year. Backlog at March 31, 2013 decreased 3% to $186,201,000 as compared to the year-end backlog of $192,571,000 at March 31, 2012.

"Fiscal year 2013 was challenging for AS&E," said Chuck Dougherty, AS&E's President and Chief Executive Officer. "Bookings were flat and revenues were down comparative to fiscal year 2012, and earnings were impacted by $0.48 due to the previously announced force reduction and the resolution of a contractual issue related to a multi-unit order to a strategic Middle Eastern customer. But fiscal year 2013 is behind us and it's time to look forward. On a positive note, we continue to buy back stock through our share repurchase program, our operations continue to generate positive cash flow, and the performance from our service contracts remains strong. Our position as the leader in advanced imaging technology, along with the domain expertise and capabilities of our organization and our strong financial position, gives us a great base from which to build."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs