Share this article

print logo

E&E trims loss in second quarter

Ecology & Environment trimmed its second-quarter loss as the Lancaster-based environmental services firm's sales inched higher and it trimmed its operating expenses.

E&E said much of the loss during the quarter that ended in January was due to higher taxes that the company faced after it repatriated dividends from its South American operations.

E&E trimmed its loss to $318,000, or 7 cents per share, from a loss of $481,000, or 11 cents per share, a year earlier. The company's sales inched up to $24.8 million from $24.6 million as a slight increase in U.S. revenues offset a small drop in sales in South America.

Story topics:

There are no comments - be the first to comment