This Day On The Street
Continue to site
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

American Science And Engineering, Inc. Reports Results For First Quarter Fiscal Year 2014 And Declares A Quarterly Dividend

  • Earnings per Share Reported at $0.62, a 32% Increase Year-Over-Year
  • Strong Operating Income Margin at 17%
  • Completed Fourth $35 Million Share Repurchase Plan

BILLERICA, Mass., Aug. 5, 2013 (GLOBE NEWSWIRE) --  American Science and Engineering, Inc. (Nasdaq:ASEI) ("AS&E"), a leading worldwide supplier of innovative X-ray detection solutions, today reports its financial results for the first quarter of fiscal year 2014 ended June 30, 2013. The Company is reporting revenues of $43,084,000 as compared with revenues of $47,344,000 for the first quarter of fiscal year 2013, net income of $4,865,000 as compared with net income of $4,202,000 for the first quarter of fiscal year 2013, and earnings per share of $0.62 as compared with earnings per share of $0.47 for the first quarter of fiscal year 2013.

The Company is reporting $29,914,000 in bookings for the first quarter of fiscal year 2014 as compared with $41,634,000 in bookings for the first quarter of the prior fiscal year. Backlog at June 30, 2013 decreased 7% to $173,031,000 as compared to the backlog of $186,861,000 at June 30, 2012.

"I am pleased with the operational performance of the business reflected in the year-over-year improvement in EPS and operating income on reduced revenues," said Chuck Dougherty, AS&E's President and Chief Executive Officer. "While we continue to see some short-term order volatility, we are encouraged by the positive trends we see in the current activity levels of our core markets. The results of the Company's restructuring and cost-containment efforts are clearly indicated in our operating results."

"We made structural realignments to better serve our customer base with the recently announced Customer Development and Support Organization which includes Global Sales, Field Service, and Customer Program Management functions," continued Mr. Dougherty. "We believe this will be a critical driver in heightening our customer focus and is just the first step in terms of strengthening our presence in key application and geographic markets where we're not significant players today."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,874.37 +84.18 0.50%
S&P 500 1,991.68 +11.76 0.59%
NASDAQ 4,779.4630 +31.1020 0.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs