First Quarter Revenues Increased 26.5% to $537.7Million, Pro Forma Cash Earnings Increased 56.5% to $0.36 PerShare
IRVING, Texas-(BUSINESS WIRE)-August 2, 2006
DynCorp International Inc. (NYSE:DCP) announced today itsfinancial results for the first quarter ended June 30, 2006. Sharesof the Company’s Class A common stock began trading on the New YorkStock Exchange on May 4, 2006, following its initial publicoffering. Financial results discussed in this press release for thefirst quarter give effect to the IPO.
The Company’s capital structure has improved as a result of itsIPO. The Company used net IPO proceeds of $352.5 million to redeemits preferred stock and accumulated dividends outstanding, pay aspecial Class B distribution, pre-pay a portion of its subordinatenotes, and pay various IPO transaction- related expenses.
Please click here to read the full report.