This Day On The Street
Continue to site right-arrow
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!

Ecology And Environment, Inc., Fourth Quarter And Year-to-Date Earnings Down Vs. Last Year

Stocks in this article: EEI

LANCASTER, N.Y., Nov. 14, 2013 (GLOBE NEWSWIRE) -- Ecology and Environment, Inc., ("E&E" or the "Company") (Nasdaq:EEI) reported a consolidated net loss of $3.8 million or $.90 per share for the fourth quarter of fiscal year 2013, an increase of $2.9 million from the net loss of $0.9 million or $.23 per share reported in the fourth quarter of the prior year. The net loss for the fourth quarter increased $3.4 million from the loss of $0.4 million reported for the third quarter of fiscal year 2013. Consolidated revenues of $29.7 million for the fourth quarter of fiscal year 2013 decreased $7.2 million or 19% from the $36.9 million reported in the fourth quarter of the prior year.

For the full fiscal year ended July 31, 2013, the Company reported a net loss of $2.1 million or $.50 per share, which was down $2.9 million from net income of $0.8 million reported for the prior fiscal year. Consolidated revenues for fiscal year 2013 were $134.9 million, a decrease of $20.5 million or 13% from the $155.4 million reported in fiscal year 2012.

Domestic revenue for fiscal year 2013 decreased 7% from the prior year. During fiscal years 2013 and 2012, a stagnant U.S. economy significantly inhibited the Company's ability to grow or to replace expiring projects in certain market sectors which historically have been integral to our business, such as energy transmission, mining and governments.

Foreign revenue for fiscal year 2013 decreased 24% from the prior year. During fiscal years prior to 2013, the Company identified opportunities to expand in Asia, the Middle East and Africa. Over that same period however, we experienced significant collection risks and incremental related operating costs that may have outweighed the benefits of operating within these markets. As a result, the Company experienced significant volatility in its earnings during fiscal years 2013, 2012 and 2011, primarily resulting from contract adjustments that are recorded as adjustments to revenue. 

1 of 2

Select the service that is right for you!

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • 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