Business Services Industry
DynCorp International Inc. Corrects Adjusted EBITDA Figures
Business Wire, Nov 11, 2006
FALLS CHURCH, Va. -- DynCorp International Inc. (NYSE:DCP), a provider of a specialized mission-critical outsourced technical services to civilian and military government agencies, corrected certain adjusted EBITDA figures for the three and six months ended September 30, 2005 contained in the company's November 8, 2006 press release.
In its November 8, 2006, the company's press release stated that adjusted EBITDA for the three and six months ended September 30, 2005 were $35.1 million and $62.6 million, respectively. The company has corrected the adjusted EBITDA figures for the three and six months ended September 30, 2005 to $35.8 million and $65.2 million, respectively, in order to include certain one-time compensation expenses, as shown in the schedules attached to this press release. The November 8, 2006 press release inadvertently excluded from adjusted EBITDA the retention-bonus expense incurred in connection with the 2005 acquisition of the company by an entity controlled by Veritas Capital Fund II, L.P. and its affiliates. Additionally, the company has revised the percentage improvement in its cash earnings per share for the first six months of fiscal 2007 to 5.8 percent, as reflected in the table attached to this release.
About DynCorp International
DynCorp International Inc., through its operating company DynCorp International LLC, is a provider of specialized mission-critical outsourced technical services to civilian and military government agencies with specific global expertise in law enforcement training and support, security services, base operations, aviation services and operations and logistics support. Headquartered in Falls Church, VA, DynCorp International Inc. has approximately 14,000 employees worldwide. For more information, visit our website at www.dyn-intl.com.
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