Delta Tucker Holdings, Inc. provides aviation solutions, law enforcement training and support, base and logistics operations, intelligence training, rule of law development, construction management, international development, ground vehicle support, counter-narcotics aviation, platform services, and operations and linguist services in the United States and internationally. The company operates in three segments: DynAviation, DynLogistics, and DynGlobal. The DynLogistics segment provides support solutions, including conventional and contingency logistics, operations and maintenance support, platform modification and upgrades, supply chain management and training, security, and intelligence mi...
1700 Old Meadow Road
McLean, VA 22102
Founded in 1946
Delta Tucker Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 26, 2014; Announces Impairment Charges for the Third Quarter of 2014
Nov 10 14
Delta Tucker Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 26, 2014. For the quarter, the company reported revenue of $540,327,000 compared to $766,785,000 a year ago. Operating loss was $77,727,000 compared to $14,277,000 a year ago. Loss before income taxes was $94,182,000 compared to $33,859,000 a year ago. Net loss was $71,022,000 compared to $31,868,000 a year ago. Net loss attributable to the company was $71,514,000 compared to $33,065,000 a year ago. LBITDA was $65,177,000 compared to $2,894,000 a year ago. Adjusted EBITDA was $28,777,000 compared to $29,652,000 a year ago. Adjusted EBITDA excludes a onetime $35 million charge related to the disputed Air Force contract.
For the nine months, the company reported revenue of $1,744,052,000 compared to $2,575,415,000 a year ago. Operating loss was $140,687,000 compared to operating income of $64,214,000 a year ago. Loss before income taxes was $191,522,000 compared to income of $5,216,000 a year ago. Net loss was $152,494,000 compared to $6,177,000 a year ago. Net loss attributable to the company was $154,351,000 compared to $9,723,000 a year ago. LBITDA was $103,764,000 compared to EBITDA of $97,784,000 a year ago. Adjusted EBITDA was $93,069,000 compared to $131,571,000 a year ago. Net cash used in operating activities was $17,721,000 compared to $30,245,000 a year ago. Purchase of property and equipment, net was $7,129,000 compared to $1,654,000 a year ago. Purchase of software was $1,101,000 compared to $2,681,000 a year ago. Free cash flow was $46,783,000 compared to free cash outflow of $34,403,000 a year ago. Net debt ended the quarter at $588.9 million, up $27.5 million from year-end, driven by the effects of third quarter cash flow.
The company also announced impairment of goodwill, intangibles and long lived assets assets for the third quarter 2014 was $50,955,000 compared to $28,824,000 a year ago.