SM & A; Corp. said Wednesday it expects to post first-quarter revenue of $20 million, about 9% higher than a previous forecast.
Last month SM & A; said it expected to post sales of $18 million to $19 million. It will release its full earnings report for the quarter ending March 31 on April 13.
The Newport Beach-based company, which helps businesses in the defense, homeland security, aerospace, information technology, architecture and engineering sectors win government and commercial contracts, said its aerospace and defense practice was particularly strong in the quarter.
“We are very pleased with the progress we’ve made in returning to positive sequential quarterly revenue growth since last summer,” said Steven Myers, SM & A;’s chairman and chief executive.
Meanwhile, the company said Bennett C. Beaudry resigned as president and chief operating officer of the company. The 47-year-old executive, who’s been with SM & A; since 2000, said he planned to pursue other interests, according to a company release.
SM & A; said other company executives would handle Beaudry’s responsibilities until a replacement is named.
Shares of SM & A; were up 4% to $8.4 on Wednesday.
