6850 Versar Center
Springfield, Va. 22151
FISCAL YEAR: June 30
REVENUE: $38.3 million
EARNINGS PER SHARE: 24 cents
STOCKHOLDERS' EQUITY: $11.9 million
RETURN ON EQUITY: 9.4 percent
ASSETS: $41.4 million
CHAIRMAN: Michael Markels Jr. (CEO)
PRESIDENT: Michael Markels Jr.
DESCRIPTION: Versar provides a range of scientific and technical services to government and industry to solve environmental, health and safety problems caused by pollutants, hazardous materials and toxic substances.
DEVELOPMENTS: Versar, which hopes to position itself as one of the larger companies in the environmental cleanup industry, increased its revenue by 36 percent for the fiscal year ending June 30. Net income, however, was off 4.3 percent as a result of investment in growth, the cost of new headquarters and other facilities and the completion of four acquisitions in the past 15 months. For the six-month period that ended Dec. 31, revenue increased 36 percent, but there was a 4 percent decline in net income.
The company has targeted for development indoor pollution analysis and remediation, with its focus on solving problems caused by radon, a radioactive gas that has been linked to cancer. Another new area of business is performing environmental analysis for potential buyers of commercial properties.
Last month, Versar filed suit against Bethesda's Martin Marietta Corp., alleging that Martin Marietta misrepresented the financial condition of a small division it sold to Versar last year.