BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

Untitled


12

American Science & Engineering (ASEI)

American Science & Engineering makes the latest in X-ray gear for scanning luggage at airports or vehicles at border crossings. But the 48-year-old company's diverse product line blurred its focus until CEO Anthony Fabiano was recruited in mid-2003. Sales were stagnant over the three previous years, but jumped more than 40% over the next two fiscal years through Mar. 31, 2005 -- and then more than doubled to $122 million in the last nine months of 2005. Likewise, profits have skyrocketed to $25 million in the last nine months of 2005 from less than $2 million a year earlier. One reason: government orders of Z Backscatter vans, which can peer inside vehicles and buildings from inside a moving delivery truck. But American Science's share price, which more than doubled in a year, is getting a little too flashy for some investors. Fidelity Investments cut its stake to 5% from almost 10% this spring.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

740.5

Sales*
($ Millions)

149.8

Sales Growth
(3-yr. avg. annual)

32.2 %

Profits*
($ Millions)

34.4

Profit Growth
(3-yr. avg. annual)

324.1 %

Return on Inv. Capital (3-yr.)

18.1 %

Share Price
12-Mo. Hi/Lo

94/36

Share Price
As of 4/28/06

86

Return on Equity

32.8 %

P/E Ratio

23

No. of Employees

286

Industry Industrial Machinery
CURRENT
MARKET INFO

ASEI >

COMPANY WEB SITE >
Location Billerica, Mass.
Phone 978 262-8700
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

Related Articles

ASEI: A Defense Stock Lying In A Trench


Company Snapshot

American Science & Engineering engages in the development, manufacture, marketing, and sale of X-ray inspection and other inspection solutions for homeland security and other defense applications. It offers the CargoSearch family, Z Backscatter Systems, and the ParcelSearch family of X-ray inspection systems. The CargoSearch family of systems includes high-energy and medium-energy nonintrusive inspection and screening devices. These systems are primarily used for the X-ray scanning of trucks, cars, cargo containers, pallets, and air cargo at border crossings, seaports, military bases, railroad centers, airports, and cargo and transportation hubs. The CargoSearch systems are designed to combat trade fraud, drug trafficking, weapons smuggling, and terrorism. Z Backscatter Systems are implemented without the use of boom-mounted receptors, for the screening of containers and vehicles in a various applications. The ParcelSearch systems are designed for the nonintrusive X-ray scanning of parcels, baggage, and mail, in government facilities, airports, commercial office buildings, federal facilities, and convention centers. In addition, the company manufactures the BodySearch Personnel Inspection System to screen individuals for weapons, drugs, and illegal contraband concealed under clothing. Further, American Science & Engineering provides maintenance, research, engineering, and training services related to its products. The company sells its products worldwide through direct sales personnel and independent representatives. American Science & Engineering was formed in 1958 and is headquartered in Billerica, Mass.


Data provided by Capital IQ
 
Anthony R. Fabiano

Anthony R. Fabiano, 52

Chief Executive Officer, President and Director


Total Compensation*

$ 975,000

Total Options Value*

$ 2,695,000

* Fiscal Year 2005

DEGREES HELD
Rutgers- The State University of New Jersey-New Brunswick - BA


Executive Bio

Anthony Fabiano has been president and chief executive officer of American Science & Engineering since September, 2003, and serves as a director. Fabiano brings more than 20 years of senior management experience to AS&E. From 1997 to 2002, he served as president and chief operating officer at Minneapolis-based Despatch Industries, a leading designer and manufacturer of thermal processing equipment. In this position, his team delivered outstanding financial performance, customer satisfaction, and market leadership through best-in-class engineering and manufacturing practices. Prior to Despatch, Fabiano spent three years as vice-president of defense systems operations at Alliant Techsystems, a Fortune 500 aerospace and defense company with leading positions in propulsion, munitions, and composite structure materials. Fabiano holds a BA from Rutgers University and has completed several significant post-graduate and professional courses and seminars. He belongs to the Association of Manufacturing Excellence and the World Presidents' Organization.


Management Team

Key Executives

Anthony R. Fabiano; George M. Peterman; Andrey V. Mishin; Kenneth Galaznik; Paul H. Grazewski; Kenneth A. Breur; Joseph Callerame; Robert G. Postle

Board Directors

Ernest J. Moniz; Denis R. Brown; Anthony R. Fabiano; William E. Odom; Roger P. Heinisch; Hamilton W. Helmer; Carl W. Vogt


Executive Data provided by Capital IQ