BNET Industries
Market Cap:$31.5M
Last Fiscal Year Sales:$115.6M
- Public
- US
Dow Jones Description
Versar, Inc. is an internationally recognized project management company that delivers engineering and technical solutions to our clients. Headquartered in Springfield, Virginia and founded in 1969, we have grown into a global firm with technical, engineering and management staff deployed throughout the United States and abroad. Versar has proven best practices and resources that have been fine-tuned through over 30 years of experience with the process of integrating technical and professional services across a wide variety of programs, including the Navy, Marine Corps and the elements of the virtual SYSCOM within DOD. Versar recognizes that customer satisfaction, reliability, and responsiveness are the cornerstones of success.
Chief Executive Officer, President, and Director
Theodore M. ProcivNumber of Employees 443
Peer Companies
NAICS Code Engineering Services: 541330
Recent Events
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Versar Q1 Profit Declines - Quick Facts
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Versar Promotes Peter Cooper and Daniel Cummings to SVP Posts
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Versar Wins Five-year Contract From U.S. Air Force - Update
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Versar: Pump Up The Volume
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Versar announces financial results for fiscal 2009
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Fernando V. Galaviz Resigns as a Director of Versar, Inc.
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Versars US Army Corps Reconstruction Efforts Contract in Iraq Extended
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Versar Announces Promotions to Continue Focus on Growth
News & Analysis
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versar inc. - All News and Analysis
Price to Hiring Ratio: Underused Valuation Metric
Danny Furman submits: When I began doing stock market research this February, investor sentiment was overwhelmingly bearish. Despite the late 2008 collapse, however, all the negativity from analysts was hard for me to swallow. Based on the most commonly used valuation metrics, stocks were "filthy cheap." Profitable companies, smallcaps in...
Versar: On Life Support
Microcap Speculator submits: Remember that high-volume rally in Versar (Amex:VSR)? It's on life support, thanks to disappointing fiscal second quarter results reported Friday morning. Quarterly earnings per share declined 25% year-over-year, from $0.08 to $0.06 (net income dropped from $745,000 to $565,000). Early into the trading day...
Versar's Early 'January Effect'
Microcap Speculator submits: What could be the strongest “January effect” in years started early for a few microcaps. Some stocks begin to show the seasonal strength in December, usually because sellers are fully exhausted or the company issues positive news. Both of these factors appear to be...
Versar, Inc. F1Q09 (Quarter End 9/26/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from [Harry Catchidorian] - Self Employed. [Harry Catchidorian] - Self Employed While I understand your description of the quarter as being excellent, I see that as a decreasing income per share. I don’t see that as being excellent when...
Versar, Inc. Awarded Four Environment Services Contracts
SPRINGFIELD, Va. -- Versar, Inc. (Amex:VSR) announced today that its Chicago office has been awarded three separate Environment Services Blanket Purchase Agreement BPA contracts from the following Chicago Departments: City of Chicago Department of Environment; Public Building Commission of Chicago; and Chicago Park District. The Chicago office was also awarded...
Versar Awarded $3.78 Million Air Force SATOC Task Order
SPRINGFIELD, Va. -- Versar, Inc. (AMEX:VSR) announced today the United States Air Force Civil Engineer Support Agency has awarded Versar a one year, $3.78 million contract to modify the Heating Ventilation and Air Conditioning HVAC system in an aircraft corrosion control facility at Robins Air Force Base, GA. The contract...
Vesar, Inc. F4Q08 (Qtr End 06/27/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from David Starkey with Smith Barney. David Starkey - Smith Barney I wanted to ask you how the first quarter is going. You’re almost through with that now. Do you expect to begin to show some more positive earnings...
Better Built/Versar Team Awarded $6 Million Aberdeen Proving Ground Gate Project
SPRINGFIELD, Va. -- VERSAR, Inc. (Amex:VSR) announced today that the Better Built/Versar Team has been awarded a task order to provide Infrastructure, Road and Gate Improvements to Gate 24 at the Aberdeen Proving Grounds in Maryland. The $6 million dollar project includes upgrades to all site specific utilities and monitoring...
Versar, Inc. Awarded $30 Million Contract by U.S. Army
SPRINGFIELD, Va. -- VERSAR, Inc. (Amex:VSR) announced today that the Company was awarded an Indefinite Delivery/Indefinite Quantity task order contract worth up to $30 million by the Mobile District, U.S. Army Corps of Engineers headquartered in Mobile, Alabama. The contract is for a base year, with four option years. Under...
Versar, Inc. Announces Peter J. Cooper, Vice President and General Manager GEOMET Technologies, LLC
SPRINGFIELD, Va. -- VERSAR, Inc. (Amex:VSR) announced today the appointment of Peter J. Cooper, a 30 year veteran in international business management, as Vice President and General Manager of GEOMET Technologies, LLC, a wholly owned subsidiary. Mr. Cooper will head the Systems Engineering and Chemical laboratory operations. For 23...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Theodore M. Prociv | Chief Executive Officer, President, and Director |
| Gary M. Owens | Vice President and Chief Information Officer |
| Lawrence W. Sinnott | Executive Vice President, Chief Operating Officer and Cfo |
| Michael J. Abram | Vice President & Chief Compliance Officert |
| George Anastos | Senior Vice President, Architect and Engineering Business Segment |
| Gina L. Foringer | Senior Vice President, Prof Services Group |
| James C. Dobbs | Senior Vice President, General Counsel and Secretary |
| Jeff A. Wagonhurst | Senior Vice President, Program Mgmt Group |
| Jerome B. Strauss | Senior Vice President, Corporate Development |
| Paul W. Kendall | Senior Vice President, Global Marketing & Planning |
| Brenda A Chube | Vice President and Assistant Secretary |
| Clarke F. Dilks | Vice President |
| Clem L. Rastatter | Vice President |
| Daniel J. Cummings | Vice President, United States Engineering & Construction Operations |
| Douglas R. Ashline | Vice President |
| Francis P. Bennett | Vice President |
| May K. Tom | Vice President & Assistant Treasurer |
| Peter J Cooper | Vice President and General Manager |
| Robert A. McDonald | Vice President |
| Ronald A. Torgerson | Vice President |
| William A. Richkus | Vice President |
| Amir A. Metry | Consultant |
| James V. Hansen | Consultant |
| Jon Volstad | |
| Mark Southerland | |
| Paul Stiles | |
| Robert L. Durfee | Consultant |
| Steve Harriott | |
| Steve Schreiner | |
| Fernando V. Galaviz | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Paul J. Hoeper | Chairman of The Board |
| Amoretta M. Hoeber | Board of Directors |
| Anthony L. Otten | Board of Directors |
| Harad L. Otten | Board of Directors |
| James L. Gallagher | Chairman |
| Lane Fox Meadow | Board of Directors |
| Lane Green Hill | Board of Directors |
| Michael Markels | Board of Directors |
Theodore M. Prociv , Ph.D., joined Versar as President on November 1, 1999 and was elected Chief Executive Officer on July 1, 2000. From 1995 to August 1998, Dr. Prociv served as the Deputy Assistant to the Secretary of Defense for Chemical and Biological Matters, and subsequently as the Deputy Assistant Secretary of Army for Chemical Demilitarization. Before joining the Department of Defense, Dr. Prociv was Corporate Vice President of Environmental Business at Science Applications International Corporation, (SAIC) from 1993 to 1994, and served as the Vice President for Government Systems at Battelle Memorial Institute from 1979 to 1993.
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | President and CEO | Current |
| Versar ESM Operations | President | Current |
| Versar Environmental Risk | President | Current |
| Versar Risk Management, Inc. | President | Current |
| Centech Group Inc. | Current | |
| Versar, Inc. | Board of Directors | Current |
| City University of New York | Ph.D. In Physical Chemistry | Former |
| Hunter College of the City University of New York | Masters of Arts Degree In Organic Chemistry | Former |
| Widener University | Bachelor of Science Degree In General Chemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President and Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Executive Vice President, Chief Operating Officer and Cfo | Current |
| Versar, Inc. | Assistant Controller | Current |
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President & Chief Compliance Officert | Current |
| Versar, Inc. | Senior Vice President, Compliance and Environmental Programs Business Segment | Current |
| Versar, Inc. | Director of Acquisition Strategy | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, Architect and Engineering Business Segment | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, Prof Services Group | Current |
| Versar, Inc. | Senior Project Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, General Counsel and Secretary | Current |
| Metcalf & Eddy Inc. | Vice President | Former |
| Versar, Inc. | Vice President | Current |
| Versar, Inc. | General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, Program Mgmt Group | Current |
| Webster University | Masters of Arts Degree In Business Management | Former |
| Engineers, Inc. | Deputy District Commander | Former |
| University of Florida | Masters of Building Construction | Former |
| Austin Peay State University | Bachelor of Science Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, Corporate Development | Current |
| Versar, Inc. | Business Development Director | Former |
| Waste Management, Inc. | Division Director | Former |
Paul W. Kendall , B.S., J.D., joined Versar in 1994 as Manager of Business Development, was elected Vice President in 2000, served as Vice President of Corporate Development from January to October 2003, and since November 2003 as Senior Vice President, National Security business segment and President of GEOMET Technologies LLC.
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Senior Vice President, Global Marketing & Planning | Current |
| Versar, Inc. | President | Current |
| GEOMET Technologies, LLC | Vice President of Corporate Development | Former |
| University of Maryland School of Law | Juris Doctor | Former |
| Rutgers University | Master of Science Degree In Bioresource Engineering | Former |
| University of Maryland School of Law | Bachelor of Science Degree In Environmental Science | Former |
| Rutgers University | Bachelor of Science Degree In Environmental Science | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President and Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President, United States Engineering & Construction Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President & Assistant Treasurer | Current |
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President and General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Ndia Mile High Chapter | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Vice President | Current |
| Epri | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Consultant | Current |
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Consultant | Current |
| Versar, Inc. | Board of Directors | Current |
| Versar, Inc. | President | Current |
Dr. Volstad has over 18 years of international research and consulting experience in quantitative fisheries biology and ecological statistics, specializing in statistical survey methods, experimental design, and fisheries stock assessment. He has directed the development and implementation of multiple large-scale research surveys and field experiments for ecological studies and the monitoring and assessment of fisheries in marine, estuary and river systems.
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Current | |
| The University of North Carolina at Chapel Hill | Ph.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Consultant | Current |
| Versar, Inc. | Board of Directors | Current |
| GEOMET Technologies, LLC | President | Former |
Mr. Harriott has seventeen years of experience in the environmental field. His principal responsibilities at Versar's ESM Operations are centered on investigation and analysis of wetlands and terrestrial ecosystems, particularly relating to description, quantification, and impact analysis of ecological habitats, wildlife, and threatened and endangered flora and fauna. In late 2005 Mr. Harriott lead a Versar ESM team in delineating and mapping wetlands on about 1,200 acres in the Baileys Creek watershed at Fort Lee, Virginia. In addition, Mr. Harriott recently led a Versar ESM team in delineating and mapping wetlands on the approximately 1,500-acre Firebrake site at Fort Lee. Wetlands were delineated at the Baileys Creek and Firebrake sites by using the methodology contained in the 1987 Corps of Engineers Wetland Delineation Manual, as revised (subsequently referred to as 1987 Manual), and other appropriate related guidance. Data were collected at a total of 12 stations (upland and wetland) throughout the Firebrake site (other data are currently being collected at Baileys Creek). All wetland areas were subsequently surveyed via a differential global positioning system (DGPS). The DGPS unit used for the surveying was a Trimble GeoXT system that collected real-time, differentially-corrected satellite data. At the Marine Corps Base in Camp Lejeune, North Carolina, Mr. Harriott recently lead a Versar team that completed wetlands delineations on sites totaling over 10,000 acres. Wetlands at Camp Lejeune were accurately mapped by Mr. Harriott and his team using a Trimble differential global positioning system (DGPS; sub-meter accuracy). The technically difficult Camp Lejeune delineations were entirely within the eastern North Carolina coastal plain. Habitats encompassed by the Versar delineations include estuarine and freshwater tidal marshes, bottomland hardwood forests, pocosins, pine plantations, and developed areas. For the USACE, Philadelphia District, Mr. Harriott is currently leading the Versar team in the ongoing installation of approximately 80,000 native wetlands plants at the Lower Cape May Meadows Environmental Restoration site. The Lower Cape May Meadows site is located at the southern tip of New Jersey on the Atlantic Ocean side of the Cape May Peninsula. It is an internationally recognized site for the observation and study of migrating birds. Prior to the Versar restoration planting, common reed was successfully removed from approximately 60 acres of the site through herbicide application and mowing. The 80,000 plants for the project consisted of12 native species grown from seed collected on-site. Approximately 60,000 of the total restoration plants have been installed to date; another 20,000 will be installed in the Spring of 2006. Mr. Harriott lead the Versar team that recently conducted a two-year survey of all vertebrate fauna on Fort Eustis and Fort Story, Virginia. Under this project, Versar is conducting four seasonal field surveys annually to identify and document the vertebrate fauna and invasive flora occupying Fort Eustis and Fort Story (approximately 8,228 acres and 1,451 acres, respectively). Both installations were surveyed for fish, amphibians, reptiles, birds, and mammals. A comprehensive list of all taxa observed or collected were produced, along with location, relative abundance, and distribution data. All specimens were photographed where possible. The location and severity of invasive species problems were also be documented, and management recommendations were made.
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Current | |
| The University of Georgia | M.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Rockwell Scientific Company LLC | Assistant Secretary | Current |
| Versar, Inc. | Chairman of The Board | Current |
| Fortune Financial Inc. | President | Former |
| Fortune Financial Inc. | Deputy under Secretary of Defense | Former |
| Versar, Inc. | Board of Directors | Former |
| Harvard University | Masters in Applied Mathematics | Former |
| Princeton University | Bachelor of Science in Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
| Versar, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Director | Current |
| Versar, Inc. | Chairman, President and Coo, the Centech Group, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Chairman | Current |
| Versar, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Versar, Inc. | Board of Directors | Current |
Executive News
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Versar Announces Promotions to Continue Focus on Growth
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Versar Receives First Stimulus Award for Alternative Energy Study
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Versar, Inc. Announces the Appointment of Jeff Moran as Sr. Vice President for Environmental Sciences and Compliance Group
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Versar, Inc. Announces the Appointment of Jeff Moran as Sr. Vice President for Environmental Sciences and Compliance Group
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Versar, Inc. Announces Highest Quarterly Revenue in Company`s History
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