LANCASTER, NY--(Marketwired - December 14, 2016) - Ecology and Environment, Inc., ("E & E" or the "Company") (
"We are seeing some positive results from the strategies we implemented in our Brazilian operations," said E & E president and CEO Gerard A. Gallagher III. "We are similarly engaged in working proactively with all of our South American companies to assess economic conditions that have the potential to impact our regional markets and adjusting operations accordingly."
Revenues of $21.3 million for the current quarter were 13% lower than the prior year. Global economic and political trends affecting oil, natural gas, and other commodity prices continued to have a negative impact on project activity and revenues within the Company's U.S. and South American operations.
E & E is listed on the NASDAQ under the symbol EEI and the information contained in this press release is available on the Company's website at www.ene.com.
|Financial Report -|
|(In thousands, except per share information)|
|Three Months Ending|
|October 29, 2016||October 31, 2015||% Increase|
|Revenue less Subcontract Costs||$||21,304||$||24,467||-13||%|
|Total Operating Expenses (excluding depreciation and amortization)||$||19,657||$||21,604||-12||%|
|Net Income Per Common Share: Basic and Diluted||$||0.21||$||0.15||40||%|