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Homeland Security

Earnings News and Notes

DDN

Wednesday, May 13th, 2009

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L-1 Identity Solutions [ID] 1Q09 1Q08 Sales $150.2M $116M Net Inc. ($3.8M, 0.4) ($2.6M, 0.4) Losses widened on higher interest expenses and amortization still beat analysts' expectations by a penny on solid sales growth, which was up 30% overall and 8% organic. Organic growth was driven by the Enrollment Services and Biometrics divisions, up 34% and 27% respectively. Enrollment Services continues to expand its state-wide network of enrollment centers, signing a new contract with Indiana and also expanding work on…

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