Environmental Tectonics Corporation expected to report Fiscal Year 2013 results on May 24, 2013. This event was calculated by Capital IQ (Created on April 16, 2013).

Environmental Tectonics Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, $0.05 par value per share under the Securities Exchange Act of 1934, as amended.

Environmental Tectonics Corporation reported earnings results for the third quarter and nine months ended November 23, 2012. For the quarter, the company reported net income attributable to the company of $1.2 million, or $0.05 per diluted share, compared to net income attributable to the company of $0.8 million, or $0.01 per diluted share, in the 2012 third quarter. This improvement was achieved on lower net sales of $15.2 million, compared to $17.3 million in the 2012 third quarter. The 12.2% reduction in net sales reflects decreased sales to the U.S. Government and to International customers, offset in part, by increased sales to Domestic customers. Income before income taxes increased to $2.3 million, a $0.5 million increase, or 25.5%, compared to $1.8 million in the 2012 third quarter. The increase in income before income taxes was due primarily to an increase in gross profit margin as a percentage of net sales to 42.9% in the 2013 third quarter from 32.8% in the 2012 third quarter, which was the result of several high margin completed contract sales recognized in the 2013 third quarter, compared to a reduced margin in the 2012 third quarter due to an increase in costs related to a U.S. Government contract. The company reported operating income of $2.7 million compared to $2.0 million and EBITDA of $3.1 million compared to $2.5 million for the last year. For the nine months, the company reported net income attributable to the company of $4.2 million, or $0.14 per diluted share on net sales of $47.7 million, compared to net income attributable to the company of $3.9 million, or $0.11 per diluted share on net sales of $49.4 million for the last year. The company reported operating income of $8.1 million compared to $7.6 million, income before income taxes of $7.3 million compared to $6.9 million and EBITDA of $9.4 million compared to $8.7 million for the last year.