Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with our joint venture partner Parsons. We welcome this additional opportunity to work with USACE and are confident that our team's capabilities are well matched to the requirements of the contract and to the demands of the geographic locations in which we will be working."
VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project…
Springfield, VA – May 15, 2013 – Versar, Inc. (NYSE MKT: VSR) announced today Tony Otten, Chief Executive Officer, will be presenting at the B.Riley & Co. 14th Annual Investor Conference on Wednesday, May 22, 2013 at the Loews Santa Monica Beach Hotel in Santa Monica, California. The presentation will take place at 1:30 p.m. Pacific Time in the Palisades D Room.
Mr. Otten will provide an overview of Versar’s operations and financial results. A live webcast of the presentation will be available at:
http://www.brileyconference.com or by visiting the investor relations page of the Versar website, www.versar.com.
VERSAR, INC., headquartered in Springfield, Virginia, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com,…
Gross revenue for the third quarter of fiscal year 2013 was $31.6 million, a 22.7% increase compared to revenue of $25.7 million reported in the third quarter of fiscal year 2012. The revenue growth was driven by a $5.4 million increase in revenue from the Company's performance based remediation (PBR) work for the U.S. Air Force and an additional $1 million in revenue attributable to the operations of Charron Construction Consulting, Inc. ("Charron"), acquired in May 2012.
Net income for the third quarter of fiscal year 2013 was $1.0 million or $0.11 per basic and diluted share, an increase of 8.2% compared to net income in the third quarter of fiscal 2012. Gross profit margin declined to 10.2% of sales for the quarter primarily due to a shift in revenue mix with the completion of two particularly high margin programs. Versar reduced SG&A expenses to 5.9% of sales from 8.2% of sales in the third quarter of the prior year.
For the first nine months of fiscal year 2013,…
The dial in number for the US and Canada is toll free, 877-407-8033. The international dial in number is 201-689-8033. Participants should call in a few minutes before 2:00 PM Eastern Time. For those unable to attend the conference call, replays will be available on Versar's website, www.versar.com
VERSAR, INC., headquartered in Springfield, VA, is a publicly traded global project management company providing sustainable value oriented solutions to government and commercial clients primarily in Engineering and Construction Management, Environmental Services, and Professional Services. We provide tailored and secure solutions in harsh environments and offer specialized abilities in classified projects and hazardous material management.
VERSAR operates a number of web sites, including the corporate web sites, www.versar.com, www.geomet.com, www.viap.com, www.dtaps.com, www.adventenv.com, www.charronconsulting.com, and www.ppsgb.com.
This news release contains forward-looking…
This new task order adds $4.3 million to the overall contract, which was awarded to Versar on March 23, 2010 and brings the total funded value to $18.6 million. The base year period of performance ran through March 22, 2011 with the potential for four additional option years and a total contract capacity of $29.5M.
The National Training Center (NTC), located in the Mojave Desert midway between Las Vegas and Los Angeles, is the only instrumented training ground in the world capable of handling brigade-size units. As large as the state of Rhode Island, NTC conducts live "force on force" training exercises that could involve 4,000 - 5,000 soldiers per month. A large number of munitions and explosives are expended each month across the range. Under this contract, Versar is responsible for locating, identifying, marking and disposing of a wide-variety of munitions and explosives so that NTC range operations…