Aerospace Group:

Earnings News & Notes

By Cal Biesecker

Tuesday, February 10th, 2015

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American Science and Engineering [ASEI] 3Q15 3Q14 Sales $37M $37.8MNet Inc. $2.6M, 0.32 $1.6M, 0.20Earnings increased more than 60% on cost cutting actions begun last fall despite a 2% decline in sales, which were lower on a decrease in cargo, parcel and personnel, and field service revenue. The sales breakout was a follows: Cargo, $8.6M; Mobile Cargo, $10.8M; Parcel and Personnel, $3M; Service, $12.2M; and other, $2.4M. AS&E lowered its selling, general and administrative costs, and its research and…

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