Ecology And Environment, Inc. (NASDAQ:EEI)

Wednesday, June 17, 2009

THIRD QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED APRIL

  3rd Quarter 2009 3rd Quarter 2008 Period Change
GAAP Revenue $38.0 million $27.4 million 38.6%
GAAP EPS a  $0.19 $0.03 533%

Source: See Release

 a Adjusted to reflect a net gain of $0.25 attributable to the favorable tax settlement in Kuwait.

The resolution of an ongoing tax dispute has finally been achieved.  Commentary from their 3rd quarter press release states:

E & E took a step forward in Kuwait, settling the tax dispute and the related FIN 48 charges. As a result, the Company has released the remaining accrual of approximately $1.4 million (net of deferred tax) by reducing the current quarter's income tax provision by $850,000 and reducing interest expense and general and administrative costs each by $275,000.


Wednesday, March 18, 2009

SECOND QUARTER 2009 vs. 2008 FINANCIAL SNAPSHOT ENDED JANUARY

2nd Quarter 2009 2nd Quarter 2008 Period Change
GAAP Revenue $34.7 million $24.1 million 44.0%
GAAP EPS $0.24 $0.03 700%

Source: See Release 



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