Date: May 16, 2002
Source: News Room
Environmental Elements Corporation (Amex: EEC) has reported net income of $127,000 or $. 02 per share on sales of $16.2 million for its fourth quarter ended March 31, 2002. During the comparable period of last year, EEC reported net income of $161,000 or $.02 per share on sales of $17.3 million. For the full fiscal year, net income was $1.48 million, or $.20 per share, on sales of $71.9 million, a significant improvement over a net loss of $6.3 million, or $.88 per share, on sales of $60.8 million for the same period last year. The company's backlog as of March 31, 2002, was $28.6 million, as compared with $37.2 million last year.
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