PAE Reports Fourth-Quarter and Full Year 2019 Financial Results
PAE Incorporated - Class A (PAE)
Company Research
Source: GlobeNewswire
Highlights Fourth-quarter revenue of $697.1 million; $2.8 billion for the yearFourth-quarter operating loss of $3.2 million; $26.8 million operating income for the yearFourth-quarter net loss of $14.6 million; $49.8 million for the yearFourth-quarter adjusted EBITDA1 of $37.5 million (5.4% of revenue); $166.7 million (6.0% of revenue) for the yearFourth-quarter cash flows used in operations of $12.2 million; $116.6 million cash flows provided by operations for the year2019 net bookings of $3.1 billion representing a 1.1x book-to-bill ratio for the year FALLS CHURCH, Va., March 11, 2020 (GLOBE NEWSWIRE) -- PAE Incorporated (“PAE” or the “Company”) (NASDAQ: PAE, PAEWW), today announced fourth-quarter and full year 2019 financial and operating results. CEO Commentary "We had a strong fourth quarter as we delivered revenue and adjusted EBITDA that exceeded our expectations," said PAE’s President and Chief Executive Officer John Heller. "We are successfully executing our strategy to
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