Date: May 9, 2002
Source: News Room
Environmental Management Solutions Inc. has reported first quarter financial results for D'Addario Environmental Management Solutions Inc. D/EMS had earnings for the first quarter of 2002 at $403,441, or 31% of gross revenues, $21,120 higher than budget. Actual gross profit margins earned were 57% compared to budget of 53%. These earnings reflect a 98% increase from first quarter 2001. Based on its current total backlog, its largest since inception, D/EMS is on track to achieve $11 million in revenues, an increase of 79% from 2001, and $2.8 million for 2002 exclusive of any acquisitions. More information: www.emsolutions.com.
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