Anteon Issues Guidance for 2005; Continued Strong Growth Expected.FAIRFAX, Va. -- Anteon International Corporation (NYSE NYSE See: New York Stock Exchange :ANT), a leading information technology and systems engineering and integration company, announced today guidance for the full year 2005. The Company's 2005 guidance is summarized in the table below.
2005 FINANCIAL GUIDANCE
(Dollars and shares in millions, except per share amounts)
----------------------------------------------------------
Full Year 2005
--------------------
Revenues $1,440 - $1,470
Weighted Average Shares
Outstanding 37.75
Tax Rate 38.75%
Fully Diluted Earnings Per Share Meet or exceed $1.89
Full year revenue guidance represents a total growth rate range of 13.8% to 17.6%, excluding future acquisitions. The Company's revenue guidance is supported by the expectation that growth in federal government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. for information technology and systems engineering will remain robust through 2005, particularly in areas of national priority critical to pursuing the "War on Terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act ." Anteon derives over 91% of its revenues from the Department of Defense, Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States and Intelligence community. Fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) for 2005 is expected to increase at least 18%, excluding the Q3 2004 gain of $0.03 per share from a settlement related to a prior acquisition. The expected increase in EPS is principally the result of continued revenue growth in 2005. Anteon expects to provide guidance for Q1 2005 in January 2005. The Company will discuss its full-year 2005 guidance, financial metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. , business development initiatives and market positioning at its first Analyst Day on December 9, 2004. There will be a live webcast of this event from 8:30 a.m. to 12:00 p.m. (Eastern Time) available through the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of Anteon's website located at www.anteon.com. Anteon also reaffirms its Q4 2004 and full-year guidance as summarized in the table below.
2004 FINANCIAL GUIDANCE
(Dollars and shares in millions,except per share amounts)
---------------------------------------------------------
Q4 2004 Full Year 2004
--------------------- --------------------
Revenues $330 - $345 $1,250 - $1,265
Weighted Average Shares
Outstanding 37.5 37.3
Tax Rate 38.8% 37.7%
Fully Diluted Earnings Per
Share Meet or exceed $0.42 Meet or exceed $1.63
About Anteon Anteon, headquartered in Fairfax, Virginia Fairfax is an independent city forming an enclave within the confines of Fairfax County, in the Commonwealth of Virginia. Although politically independent of the surrounding county, the City of Fairfax is nevertheless its county seatGR6. , is a leading information technology, and systems engineering and integration company, providing support to the U.S. federal government and international sectors. For over 28 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company has designed, integrated, maintained and upgraded state-of-the-art systems for national defense, intelligence, emergency response and other high priority government missions. Anteon also provides many of its government clients with the systems analysis, integration and program management skills necessary to manage the development and operations of their mission critical systems. The Company currently has over 8,600 employees in more than 100 offices worldwide. Anteon consistently ranks among the top information technology integrators based on independent surveys. Anteon was cited by Forbes Magazine, in 2004, as one of the 25 fastest growing U.S. technology companies and has been named one of the world's top 100 information technology companies in Business Week's INFOTECH 100 Annual Report for the past two years. For more information, visit www.anteon.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "projects," "anticipates," "believes," "estimates," "expects," "plans," "intends," and similar expressions. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. The risks and uncertainties involving forward- looking statements include the Company's dependence on continued funding of U.S. government programs, government contract procurement and termination risks, including risks associated with protests, and other risks described in the Company's Securities and Exchange Commission filings. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion