Ecology and Environment, Inc., Reports a Decrease in Fiscal Year and Fourth Quarter Earnings

Ecology and Environment, Inc., Reports a Decrease in Fiscal Year and Fourth
Quarter Earnings

LANCASTER, N.Y., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Ecology and Environment,
Inc., (E & E) (Nasdaq:EEI) reported consolidated revenues for fiscal year 2012
of $155.4 million, a decrease of $13.8 million or 8% from the $169.2 million
reported in fiscal year 2011. Revenue less subcontracts for fiscal year 2012
was $123.1 million, a decrease of $14.7 million or 11% from the $137.8 million
in fiscal year 2011. Net income for fiscal year 2012 was $.8 million or $.18
per share, down from the $7.0 million or $1.65 per share reported in the prior
year.

E & E reported consolidated revenues for the fourth quarter of fiscal year
2012 of $36.9 million, a decrease of $7.3 million or 17% from the $44.2
million reported in the fourth quarter of fiscal year 2011. Revenue less
subcontracts was $29.3 million for the quarter compared to $35.3 million in
the fourth quarter of fiscal year 2011, a decrease of $6.0 million or 17% from
the level in fiscal year 2011. E & E reported a net loss of $.9 million or
($.23) per share for the fourth quarter of fiscal year 2012, a decrease of
$2.8 million from the net income of $1.9 million or $.45 per share reported in
the prior year.

"We had disappointing earnings that came with project delays and lower revenue
from U.S. operations," said E & E president and CEO Kevin Neumaier. "We look
at fiscal year 2012 as a bump in the road forward and see a number of signs of
improvement in fiscal year 2013."

FORWARD LOOKING STATEMENTS

Any statements that refer to projections or expectations concerning our future
financial performance, anticipated growth and trends in our businesses are
forward-looking statements. Readers are cautioned that these forward-looking
statements are only predictions and are subject to risks, uncertainties, and
assumptions that are difficult to predict. Therefore, actual results may
differ materially and adversely from those expressed in any forward-looking
statements. We undertake no obligation to revise or update any forward-looking
statements for any reason. Information on risks and uncertainties is available
in our SEC filings.

E & E has completed over 50,000 projects for a wide variety of clients in 122
countries, providing environmental solutions in nearly every ecosystem on our
planet. E & E is listed on the NASDAQ under the symbol EEI and the information
contained in this press release is available on the Company's website at
www.ene.com.

Financial Report -                                          
                                                           
(In thousands, except per share information)                
                                              Three Months Ending
                                              July 31, 2012 July 31, 2011
                                                           
Revenue                                        $36,914     $44,161
                                                           
Revenue less Subcontract Costs                 $29,270     $35,290
                                                           
Net Income                                     $(946)      $1,914
                                                           
Net Income Per Common Share: Basic and Diluted $(0.23)     $0.45

                                                           
                                              Fiscal Year Ending
                                              July 31, 2012 July 31, 2011
                                                           
Revenue                                        $155,410    $169,173
                                                           
Revenue less Subcontract Costs                 $123,095    $137,847
                                                           
Net Income                                     $774        $6,960
                                                           
Net Income Per Common Share: Basic and Diluted $0.18       $1.65


CONTACT: Mr. John Mye, P.E.
         Vice President, Treasurer, and Chief Financial Officer
         (716) 684-8060
         jmye@ene.com
 
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