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Article: Veridian Posts Sales, Income Gains On Strength of National Security Programs.(3rd-quarter earnings report)
- Article from:
- Defense Daily
- Article date:
- November 13, 2002
CopyrightCOPYRIGHT 2002 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Calvin Biesecker
Strong national security markets combined with its recent acquisition of Signal propelled revenues and net income in the third quarter for Veridian [VNX], the information-based system and security company said yesterday.
For the recent quarter the company earned $7.4 million, 21 cents earned per share (EPS), on $192 million in sales compared to a $3.7 million (77 cents EPS) loss a year ago on $172 million in sales. Operating margins increased to 7.5 percent in the quarter from 6.8 percent a year ago.
The acquisition of Signal, which closed in September, added $5.7 million in revenues in the final week of the quarter. Signal ...