American Science and Engineering (ASEI) Misses Q4 EPS by 30c

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Go back to American Science and Engineering (ASEI) Misses Q4 EPS by 30c

American Science and Engineering, Inc. Reports Results for Fourth Quarter and Fiscal Year 2016 and Declares Quarterly Dividend

May 9, 2016 4:06 PM EDT

Net loss of $2.7 million for fourth quarter includes a charge of $1.3 million (equal to $0.12 earnings per share) related to previously announced cost containment actions.Net loss of $3.2 million for fiscal year 2016 includes $3.1 million of charges (equal to $0.26 earnings per share) related to the corporate realignment and cost containment actions which occurred during the year.Free cash flow of $6.8 million in fiscal year 2016 vs. ($13.7) million in fiscal year 2015, defined as cash flow from operations less capital expenditures.Year-to date bookings for fiscal year 2016 increased by 35% to $121.0 million vs. $89.6 million in fiscal year 2015; book-to-bill... More