Ecology & Environment (EEI) Reports Q1 EPS of $0.15

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Ecology and Environment, Inc. Reports Quarterly Earnings of $0.15 per Share Despite One-Time Tax Charge in Brazil

December 16, 2015 3:01 PM EST

LANCASTER, NY -- (Marketwired) -- 12/16/15 --

Ecology and Environment, Inc. ("E & E" or the "Company") (NASDAQ: EEI) reported earnings of $0.15 per share for the quarter ended October 31, 2015, down from earnings of $0.20 per share reported for the same period last year. During the quarter, the Company recorded a one-time $0.9 million valuation allowance against existing deferred tax assets in Brazil, which significantly increased the Company's effective tax rate and... More