Versar profits cut in half Nov 10, 2009
Springfield-based Versar, which sells defense, environmental health and safety, and infrastructure revitalization services to the government and private companies, posted net income of $237,000, or 3 cents per share, in the first quarter of fiscal 2010 ended Sept. 25 ... Versar blamed the profit decline on a poor economic environment and one-time expenses related to renovations of a chemical agent laboratory and an expected decline in revenue from the international program management group. (Washington Business Journal, DC)
Earnings, sales dip at Versar Sep 23, 2009
Springfield-based Versar, which sells defense, environmental health and safety, and infrastructure revitalization services to the government and private companies, posted net income of $954,000, or 10 cents per share, in the fourth quarter of fiscal 2009, compared to $716,000, or 8 cents per share, in the fourth quarter of fiscal 2008. Versar earned about $3 ... Net income was reduced by $328,000 because of a loss on Versar s investment in marketable securities, company officials said. (Washington Business Journal, DC)
Versar makes Fortune's fast-growing list Jul 15, 2009
Versar ranks on Fortunes fast-growing public companies list - Washington Business Journal ... Versar ranks on Fortunes fast-growing public companies list. (Washington Business Journal, DC)
Versar moves Richmond office Apr 3, 2009
Versar s (NYSE: VSR) main business comes through government and private commercial work, industrial work, architecture and engineering work, and project management. The new office reflects our growing Virginia business and the many project opportunities we see in the federal and state arena, said Ted Prociv, president and CEO of Versar. (Washington Business Journal, DC)
Smithsonian, worker dispute perils of asbestos Mar 23, 2009
In 1992, Versar, a consulting firm hired by the Smithsonian, found between 1 and 5 percent asbestos in the joint compound used in two dozen rooms, including the second-floor gallery featuring the world-famous Wright Brothers Flyer. A level above 1 percent is supposed to trigger complex work requirements, cleanup precautions and notifications under OSHA rules. (San Francisco Chronicle)
