Versar / VSR
About Versar
6850 Versar Center, Springfield, Va. 22151
www.versar.com
| 703-750-3000
| Founded: 1969
Industry: Government And Professional Services | Category: Public Companies
Versar oversees projects ranging from pollution prevention to military construction. Most of its business comes from the federal government, though Versar does have some private-sector clients. Its profit for 2007 was $5.3 million, up from $1.4 million in 2006. In June, Versar won a major contract from the Army Corps of Engineers under which the company will oversee the closing down of military bases. The company's expected revenue from the deal, over a five-year period, is $50 million.
President and CEO: Theodore M. Prociv
2007 Financial Data
Revenues: $102,726,000 | Net Income: $5,282,000Asssets: $36,817,000 | Earnings Per Share: $0.62
Stockholder Equity: $19,422,000 | Annual Dividend: $0.00
Total employees: 364 | Local employees: 180
Company Leadership
| Robert L. Durfee | Co-founder and Director |
| Fernando V. Galaviz | Director |
| James L. Gallagher | Director |
| James V. Hansen | Director |
| Amoretta M. Hoeber | Director |
| Paul J. Hoeper | Chairman |
| Michael Markels Jr. | Co-founder, Chairman Emeritus |
| Amir A. Metry | Director |
| Theodore M. Prociv | Chief Executive Officer, President and Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
IN WARTIME: Versar says 40 percent of its business for the 2007 financial year was related to the war in Iraq.
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