Earnings Release...
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Monday June 8, 8:00 am Eastern Time
Company Press Release
SOURCE: PDG Environmental, Inc.
PDG Environmental, Inc. Announces Record Revenues & Earnings
MONROEVILLE, Pa., June 8 /PRNewswire/ -- PDG Environmental, Inc. (OTC Bulletin Board: PDGE - news) today announced consolidated results for first quarter ending April 3O, l998. Revenue for the quarter increased nearly 200% to $13,351,000, as compared to $4,489,000 during the same prior year period. Net income during the quarter increased 255% to $561,000, or $0.07 per fully diluted share, as compared to net income of $158,000, or $0.02 per fully diluted share for the comparable period last year.
John Regan, Chairman & CEO, commented, ''Fiscal 1999 has started with very positive momentum and marks our 7th consecutive quarter of increasing revenues and earnings. The record quarter results were impacted positively by the $12 million Harrisburg project, which we expect to complete on schedule during the second quarter. Proposal and bidding activity remains high, and we are confident results for the remainder of fiscal 1999 will continue to be strong.''
PDG Environmental, Inc. is a leading provider of asbestos abatement and related services dedicated to assisting its commercial, industrial and governmental clients in complying with environmental laws and regulations. For additional information on the company, please see www.pdge.com.
PDG ENVIRONMENTAL, INC.
SELECTED FINANCIAL DATA
Three Months
Ended April 30th
1998 1997
Revenue $13,351,000 $4,489,000
Net Income $561,000 $158,000
Earnings per common share $0.07 $0.02
(diluted)
Earnings per common share $0.09 $0.03
(basic)
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Let's hope we see some more contracts being signed. |
