SRA Hosts Investor and Analyst Day
June 15 2010 - 4:01PM
Business Wire
SRA International, Inc. (NYSE: SRX), a leading provider of
technology and strategic consulting services and solutions to
government organizations and commercial clients, today hosted an
Investor and Analyst Day at the New York Stock Exchange.
SRA President and CEO Stan Sloane along with other SRA
executives provided a detailed overview of the company and an
update on its growth strategy, competitive environment and
financial performance. The presentation and web cast archive will
be available at www.sra.com/investors/.
To mark the occasion, Sloane rang The Closing Bell® of the New
York Stock Exchange. Footage can be found on the NYSE website.
Forward Guidance
Management reaffirmed revenue and earnings guidance for Fiscal
Year 2010 previously announced on May 6, 2010. The table below
represents management’s current expectations about the company’s
future financial performance for Fiscal Year 2010, based on
information available at this time. The forward guidance in this
table does not include any effect for acquisitions or divestitures
that SRA might make in the future. The guidance assumes that the FY
2010 diluted weighted-average shares outstanding is 57.4 million,
excluding unvested restricted stock awards, and that the allocation
of earnings to unvested restricted shares used in the calculation
of diluted earnings per share is approximately 1.2% of net
income.
Measure Fiscal Year (FY) Ending
June 30, 2010
Change from
FY 2009 to 2010
Revenue $1.65 billion to $1.665 billion
7% to 8% Reported diluted
earnings per share $0.26 to $0.31
-74% to -69% Adjusted diluted
earnings per share $1.32 to $1.36
31% to 35%
Adjusted diluted earnings per share exclude the impact of the
$61.3 million impairment charge recorded in the company’s third
quarter of Fiscal Year 2010. The guidance implies revenue of $408
million to $423 million and diluted earnings per share of $0.31 to
$0.35 in the fourth quarter of Fiscal Year 2010.
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex
problems of global significance for government organizations
serving the national security, civil government and global health
markets. Founded in 1978, the company and its subsidiaries have
expertise in such areas as air surveillance and air traffic
management; contract research organization (CRO) services; cyber
security; disaster response planning; enterprise resource planning;
environmental strategies; IT systems, infrastructure and managed
services; logistics; public health preparedness; public safety;
strategic management consulting; systems engineering; and wireless
integration.
SRA and its subsidiaries employ more than 7,000 employees
serving clients from its headquarters in Fairfax, Va., and offices
around the world. For additional information on SRA, please visit
www.sra.com.
Any statements in this press release about future expectations,
plans, and prospects for SRA, including statements about the
estimated value of the contract and work to be performed, and other
statements containing the words “estimates,” “believes,”
“anticipates,” “plans,” “expects,” “will,” and similar expressions,
constitute forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those indicated by such forward-looking
statements. In addition, the forward-looking statements included in
this press release represent our views as of June 15, 2010. We
anticipate that subsequent events and developments will cause our
views to change. However, while we may elect to update these
forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to June 15,
2010.
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