Tag Archives: financial results

Iridium Reports Fourth Quarter 2020, Issues Full Year 2021 Guidance; Matt Desch Quoted

Matt Desch

Iridium Communications has reported its financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. The company reported fourth-quarter total revenue of $146.5 million, which consisted of $116.9 million of service revenue and $29.6 million of revenue related to equipment sales and engineering and support projects. 

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Maximus Reports Fiscal Year 2021 First Quarter Results; Bruce Caswell Quoted

Bruce Caswell

Maximus has reported financial results for the three months ended December 31, 2020. The report found that  revenue increased 15.6 percent to $945.6 million as compared to $818.2 million reported for the prior-year period. “We expanded our pandemic-response work with new contracts supporting vaccination administration efforts,” said Bruce Caswell, president and chief executive officer of Maximus and 2021 Wash100 Award recipient. 

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Lockheed Martin Reports Q4, FY 2020 Financial Results; James Taiclet Quoted

James Taiclet

Lockheed Martin Corporation has reported fourth quarter and full year 2020 results. The company’s fourth quarter 2020 net sales were $17.0 billion, compared to $15.9 billion in the fourth quarter of 2019. “In concert with our resilient operational performance, we delivered strong financial results on behalf of our shareholders and contributed to our communities," said Lockheed Martin president and CEO James Taiclet.

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SAIC Reports Q3 FY 2021 Financial Results; Nazzic Keene Quoted

Nazzic Keene

Science Applications International Corporation (SAIC) has announced results for the third quarter ended October 30, 2020. SAIC has estimated that the third quarter program impact from the COVID-19 pandemic to be approximately $60 million of revenue and $9 million of adjusted EBITDA. The impacts were driven by reduced volume in SAIC’s supply chain business, lower FAA training service revenues,and uncertain profit recovery on ready-state labor. 

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PAE Reports Q3 2020 Financial Results; John Heller Quoted

John Heller

PAE has announced third quarter 2020 financial and operating results, reporting revenues of $666.2 million, decreased $31.5 million. The decrease was attributable to a $53.3 million impact from COVID-19. "We are delivering strong financial results and achieving our growth, profitability and capital structure initiatives in accordance with our strategy,” said John Heller, president and CEO of PAE, and 2020 Wash100 Award recipient. 

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Parsons Reports Q3 Financial Results; Chuck Harrington Quoted

Chuck Harrington

Parsons Corporation has reported financial results for the third quarter ended September 30, 2020, noting that the total revenue decreased by $19 million, or two percent, from the prior year period, to $1 billion. “We delivered strong third quarter results with record adjusted EBITDA and generated outstanding cash flow,” said Chuck Harrington, chairman and CEO of Parsons, and 2020 Wash100 awardee.

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Iridium Reports Third Quarter 2020 Results; Matt Desch Quoted

Matt Desch

Iridium has announced financial results for the third quarter of 2020, reporting that  net loss was $4.0 million, as compared to net loss of $18.0 million for the third quarter of 2019, which is attributable to the lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period.  

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