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Security Environmental Systems Inc

BUSINESS
October 20, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Pacific Scientific Co., which makes electrical and aircraft safety equipment, reported Monday that its third-quarter earnings fell 75%. The decrease was because of the sale in the third quarter last year of the company's Belfab Division, which makes bellows for aerospace use. When the two quarters are compared without the onetime, $8.8-million gain from that sale, earnings would have showed an increase of 575%, Chairman Edgar S. Brower said.
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BUSINESS
June 22, 1993
Security Environmental Systems of Garden Grove said Monday that it has won a $2.4-million contract extension from the Pentagon for handling the disposal of hazardous wastes at several military bases. President Stephen I. Grossman said the one-year extension makes the total contract worth $4.7 million. Under the deal, the company will continue to manage hazardous waste disposal at the Navy's Port Hueneme and Air Force bases at Point Mugu and Vandenberg.
BUSINESS
July 23, 1993
A reverse stock split at Security Environmental Systems takes effect July 30, President Stephen I. Grossman said Thursday. The 3-for-1 split will reduce the company's outstanding shares from 9.6 million to about 3.2 million. "We believe that the reverse stock split will position the company's shares for increased participation by institutional and other significant shareholders," Grossman said.
BUSINESS
May 18, 1993
Security Environmental Systems, the Garden Grove hazardous-waste disposal company, posted a profit of $434,408, or 4 cents a share, for its third fiscal quarter. That compared to earnings of $151,774, or 1 cent a share, for the same period a year earlier. Revenue for the three months ended March 31 rose 30% to $2.6 million from $2 million.
CALIFORNIA | LOCAL
May 24, 1991 | MAURA DOLAN, TIMES ENVIRONMENTAL WRITER
A Southern California company that was the first in the state to obtain permits to build a commercial hazardous waste incinerator has abandoned the Los Angeles County project, charging Thursday that "political pressure" had unraveled the 6-year-old deal.
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