Dynamics Research Corporation Reports Preliminary Fourth Quarter and Full Year 2006 Results
05 Fevereiro 2007 - 8:14PM
PR Newswire (US)
ANDOVER, Mass., Feb. 5 /PRNewswire-FirstCall/ -- Dynamics Research
Corporation (NASDAQ:DRCO), a provider of innovative engineering,
technical and information technology services and solutions to
federal and state governments today announced preliminary revenue
and earnings for the fourth quarter and full year ended December
31, 2006. As previously announced the company anticipates reporting
final 2006 results on February 28, 2007, followed by a conference
call on the morning of March 1, 2007. Financial Results The company
reported preliminary revenue for the fourth quarter of 2006 of
approximately $60 million, consistent with previously issued
guidance of $59 to $62 million. For the year ended December 31,
2006 preliminary revenue was approximately $259 million. Earnings
per diluted share are expected to be in the high end of the range
of previously issued guidance of $0.13 to $0.16 per diluted share
for the fourth quarter and $0.40 to $0.43 for the full year 2006.
Business Highlights "Responding to a rapidly changing Federal IT
market, we took action early in 2006 to quickly adapt to the new
environment and position the company to sustain organic growth and
improve profitability. These actions have been effective. In the
fourth quarter of 2006 the improvements in financial results, which
we had expected, were achieved. Clearly, we are on-track to see
continued success from our business development initiatives and
earnings growth in 2007," said Jim Regan, DRC's chairman and chief
executive officer. About Dynamics Research Corporation DRC is
headquartered in Andover, Massachusetts and has major offices in
Vienna, Virginia and Fairborn, Ohio. The company has 27 additional
field offices throughout the United States providing direct support
to all branches of the Department of Defense and several state
government agencies. Dynamics Research Corporation is an innovative
solutions provider that partners with its customers to apply proven
processes and technologies. For more than 50 years, DRC has
delivered technical and information technology services that
enhance the performance and cost effectiveness of its customers'
mission critical systems. For additional information about DRC
please visit our website at http://www.drc.com/. Safe harbor
statements under the Private Securities Litigation Reform Act of
1995: Some statements contained or implied in this news release,
may be considered forward-looking statements, which by their nature
are uncertain. Consequently, actual results could materially
differ. For more detailed information concerning how risks and
uncertainties could affect the company's financial results, please
refer to DRC's most recent filings with the SEC. The company
assumes no obligation to update any forward-looking information.
Investors: Dave Keleher SVP and Chief Financial Officer
978.289.1615 DATASOURCE: Dynamics Research Corporation CONTACT:
Dave Keleher, SVP and Chief Financial Officer, of Dynamics Research
Corporation, +1-978-289-1615, Web site: http://www.drc.com/
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