American Science and Engineering [ASEI] 4Q11 4Q10 FY11 FY10 Sales $67.7M $71.3M $278.6M $242.1M Net Inc. $9.6M, 1.03 $12.3M, 1.34 $42.8M, 4.63 $36.2M, 3.97 Net income in the quarter fell 22% on the 5% decline in sales, an increase in parts usage on maintenance contracts, warranty requirements and a tough comparison to a year ago when the company had a spike in spare parts shipments. AS&E says that sales were down in the quarter on delays in recognizing cargo revenues…
Earnings News and Notes
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