Dynamics Research Corporation Issues 2009 Guidance
05 Fevereiro 2009 - 10:01AM
PR Newswire (US)
--- Company Updates Projections for Fourth Quarter and Full Year
2008 --- ANDOVER, Mass., Feb. 5 /PRNewswire/ -- Dynamics Research
Corporation (NASDAQ:DRCO), a leading provider of innovative
management consulting, engineering, and information technology
services and solutions to federal and state governments, today
issued financial guidance for the calendar year ending December 31,
2009 and updated its projections of fourth quarter and full year
2008 results. Company Guidance Well positioned and with a continued
focus on Washington, D.C. area growth markets, the Company's
estimate of revenue for 2009 is in the range of $280 to $290
million reflecting anticipated total top-line growth of 15% to 19%
and organic growth of 5% to 8%. Regarding earnings for 2009 the
Company estimates results in the range of $0.90 to $1.00 per
diluted share. 2008 Projections The Company also has updated its
projections of results for the fourth quarter and full year 2008.
Revenue is projected to be approximately $68 million and $243
million for the fourth quarter and full year 2008, respectively.
Earnings per diluted share is anticipated at approximately $0.27
for the fourth quarter and $0.80 for the full year 2008, excluding
the financial effect of previously reported litigation charges.
Conference Call The Company has previously announced that it will
release its fourth quarter and yearend 2008 financial results
before market open on Monday, March 2, 2009. A conference call to
review the results will be held on the same day at 10:00 a.m. ET.
The call will be available by telephone at 877-856-1958, and
accessible by webcast at http://www.drc.com/. Recorded replays of
the conference call will be available on Dynamics Research
Corporation's investor relations home page at http://www.drc.com/
and by telephone at (888)203-1112, replay passcode #6218438,
beginning at 1:00 p.m. ET March 2, 2009 through 11:59 p.m. ET March
9, 2009. Also, the Company has previously announced that it will
participate in the Cowen & Company 30th Annual
Aerospace/Defense Conference on Thursday, February 5th, 2009 at the
InterContinental Barclay Hotel in New York. Jim Regan, chairman and
CEO, and Dave Keleher, CFO, will review the Company's financial
performance and growth strategy at 8:55 a.m. ET. A live audio
webcast of the presentation will be accessible via the DRC website.
To hear the presentation and view related materials, please visit
our website. A replay will be available for ninety days. Additional
information about this conference can be found at
http://www.cowen.com/. About Dynamics Research Corporation Dynamics
Research Corporation (DRC) is a leading provider of
mission-critical technology management services for government
programs. DRC offers forward-thinking solutions backed by a history
of excellence and customer satisfaction. Founded in 1955, DRC is a
publicly held corporation (NASDAQ:DRCO) and maintains more than 25
offices nationwide with major offices in Andover, Massachusetts and
the Washington, D.C. area. For more information 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. CONTACTS: Investors: Chris
Witty Darrow Associates, Inc. 646.438.9385 Media: Marisa Hagerman
Sage Communications 703.584.5637 DATASOURCE: Dynamics Research
Corporation CONTACT: Investors: Chris Witty of Darrow Associates,
Inc. +1-646-438-9385, ; or Media: Marisa Hagerman of Sage
Communications, +1-703-584-5637, Web Site: http://www.drc.com/
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