The information in these press releases was accurate at the time of posting but may have been superseded by subsequent news releases.
IRVING, TEXAS – February 21, 2006 –
DynCorp International LLC and its subsidiaries (collectively, the
“Company”), a provider of specialized mission-critical outsourced
technical services to civilian and military government agencies, today
reported revenue of $553.6 million, net income of $5.6 million, and
EBITDA of $35.3 million for the 3-month period that ended December 30,
2005.
Third Quarter Operating Results
Revenue of
$553.6 million increased $84.0 million or 17.9 percent when compared to
revenue from the prior year quarter and increased $114.0 million or
25.9 percent when compared to revenue reported for the Company’s second
fiscal quarter ended September 30, 2005. The source of revenue growth
when comparing to the prior year quarter was primarily the result of
the following programs within the Company’s International Technical
Services operating segment:
The Company reported net income of $5.6 million for the 3 months that
ended December 30, 2005, compared with $21.2 million for the prior year
quarter – a decrease of $15.6 million or 73.6 percent. The Company’s
net income decrease resulted primarily from the added interest expense
and intangible asset amortization related to its acquisition occurring
on February 11, 2005 more fully discussed in the section titled “Basis
of Presentation”.