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NEWS & EVENTS

The information in these press releases was accurate at the time of posting but may have been superseded by subsequent news releases.

PRESS RELEASE

DynCorp International Inc. Reports Fourth Quarter and Fiscal 2007 Year-End Financial Results

  • 2007 revenues increased $115.3 million to $2.08 billion, or 5.9%, year-over-year
  • Earnings per share increased to $0.49, or 113% year-over-year
  • Adjusted EBITDA was $172.2 million, an increase of $16.1 million over fiscal 2006
  • Ending backlog increased 132.2% to $6.1 billion during fiscal 2007


FALLS CHURCH, Va. — June 6, 2007 DynCorp International Inc. (NYSE:DCP), a provider of specialized mission-critical technical services to civilian and military government agencies, today reports fiscal 2007 fourth quarter and fiscal 2007 full year financial results.

Fiscal 2007 Fourth Quarter Results
Revenue for the 2007 fourth quarter ended March 30, 2007 was $552.3 million, up 0.6% from revenue for the fiscal 2006 fourth quarter. Revenue from the Government Services ("GS") segment for the fourth quarter decreased 2.9% over the comparable period in 2006. The lower GS revenue was attributable to reduced construction activity on the U.S. Department of State Civilian Police program. Revenue from the Maintenance and Technical Support Services ("MTSS") segment increased 7.9% over the 2006 fourth quarter. The higher MTSS revenue was attributable to the C-21 program and an increased level of effort at Columbus AFB.

Operating income for the fiscal 2007 fourth quarter increased 13.2% to $42.9 million from the fiscal 2006 fourth quarter. Operating margin for the fiscal 2007 fourth quarter was 7.8%, compared to operating margin of 6.9% in the fiscal 2006 fourth quarter. Operating margin increased by 0.9% of revenue primarily due to strong contract performance and the effect of claims on two aviation contracts.

Net income for the fiscal 2007 fourth quarter was $18.9 million, or $0.33 per share, compared to net income of $5.8 million, or $0.18 per share, for the comparable period in fiscal 2006. The increase in 2007 fourth quarter net income was due to improved operating margins and lower interest expense resulting from redemption of the Company's preferred stock and reductions of outstanding debt during the first quarter of fiscal 2007.

Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") for the 2007 fourth quarter increased to $56.7 million, or 10.3% of revenue, from $55.6 million, or 10.1% of revenue, for the comparable period in fiscal 2006. Earnings per share for the 2007 fourth quarter improved 83.3% to $0.33 per share from the comparable period in fiscal 2006.

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