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American Science And Engineering, Inc. Reports Results For Fourth Quarter And Fiscal Year 2014

  • Revenue for Fourth Quarter reported at $65.6M
  • Bookings for Fourth Quarter reported at $60.8M
  • 94 ZBVs Booked in the Fiscal Year
  • Company Declaring Quarterly Dividend of $0.50 per share

BILLERICA, Mass., May 22, 2014 (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, 2014. The Company reported revenues of $65.6 million as compared with revenues of $42.3 million for the fourth quarter of fiscal year 2013, net income of $4.0 million as compared with net income of $0.8 million for the fourth quarter of fiscal year 2013, and earnings per share of $0.50 as compared with earnings per share of $0.09 for the fourth quarter of fiscal year 2013.

For the fiscal year ended March 31, 2014, the Company reported revenues of $190.3 million as compared with revenues of $186.7 million for the prior fiscal year, net income of $15.1 million as compared with net income of $17.5 million for the prior fiscal year, and earnings per share of $1.91 as compared with earnings per share of $2.07 for the prior fiscal year.

The Company reported $60.8 million in bookings for the fourth quarter of fiscal year 2014 as compared with $8.8 million in bookings for the fourth quarter of the prior fiscal year and $180.2 million in bookings for the fiscal year ended March 31, 2014 as compared with the $180.3 million in bookings for the prior fiscal year. Backlog at March 31, 2014 was $176.1 million.

The Company is declaring a quarterly cash dividend of $0.50 per share, payable on June 9, 2014 to the holders of record at the close of business on June 2, 2014.

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