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COPYRIGHT 2006 PR Newswire Association LLC
DAYTON, Ohio, Feb. 28 /PRNewswire-FirstCall/ -- MTC Technologies, Inc. , a provider of engineering, technical and management services to the federal government, today reported results for the quarter and year ended December 31, 2005, and first quarter and full year 2006 guidance.
Quarterly Financial Highlights (4th quarter '05 compared to 4th quarter '04):
- Revenues increased 27.1% to $97.1 million, an increase of $20.7 million - Organic revenue growth of approximately 12% for the 4th quarter of 2005 - Operating income increased 19.7% to $9.9 million, an increase of $1.6 million - Net income increased 10.0% to $5.5 million, an increase of $0.5 million - EBITDA increased 23.9% to $11.5 million, an increase of $2.2 million - Diluted earnings per share of $0.35 for the 4th quarter of 2005 compared to diluted earnings per share of $0.32 for the 4th quarter of 2004, a 9.4% increase - Cash flow from operating activities was $7.3 million, an increase of $11.0 million Year-End Financial Highlights (full year 2005 compared to full year 2004): - Revenues increased 36.7% to $373.3 million, an increase of $100.3 million - Organic revenue growth of approximately 15% for the year ended December 31, 2005 - Operating income increased 31.9% to $38.0 million, an increase of $9.2 million - Net income increased 20.7% to $21.3 million, an increase of $3.7 million - EBITDA increased 39.8% to $44.8 million, an increase of $12.8 million - Diluted earnings per share of $1.35 for the year ended December 31, 2005 compared to diluted earnings per share of $1.15 for the year ended December 31, 2004, a 17.4% increase - Cash flow from operating activities was $37.4 million, an increase of $32.2 million
Raj Soin,...
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