Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

DDi Corp. Announces Fourth Quarter 2007 Revenue; Full Financial Results to be Announced on February 13, 2008.


ANAHEIM, Calif. -- DDi Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:DDIC DDIC Data Dictionary (SAP)
DDIC DVB/DAVIC Interoperability Consortium
DDIC Digital Display Indicator Control
DDIC Dvb Davic Interoperability Consortium
), a leading provider of technologically-advanced printed circuit board ("PCB PCB: see polychlorinated biphenyl.
PCB
 in full polychlorinated biphenyl

Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound.
") engineering and manufacturing services, today reported revenue for its fourth quarter ended December 31, 2007.

Mikel Williams, Chief Executive Officer of DDi Corp., stated, "The Company's fourth quarter 2007 net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 increased 4 percent sequentially and year over year to $45 million with expected adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  greater than 10 percent of net sales. In addition to our sequential growth, we have seen solid demand as we start 2008. We look forward to reporting our complete financial results on our conference call scheduled for February 13, 2008."

The Company will issue its fourth quarter and full year 2007 financial results press release on Wednesday, February 13, 2008 after the market closes. A conference call with simultaneous webcast to discuss the financial results will be held that afternoon at 5:00 p.m. Eastern/2:00 p.m. Pacific Time.

About DDi

DDi is a leading provider of time-critical, technologically-advanced, electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). . Headquartered in Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan.

Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles.
, DDi and its subsidiaries offer PCB engineering, fabrication fabrication (fab´rikā´shn),
n the construction or making of a restoration.
 and manufacturing services to leading electronics OEMs and contract manufacturers worldwide from its facilities across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  and with manufacturing partners in Asia.

Non-GAAP Financial Measures

This release includes 'adjusted EBITDA', a non-GAAP financial measure as defined in Regulation G of the Securities Exchange Act of 1934. Management believes that the disclosure of non-GAAP financial measures, when presented in conjunction with the corresponding GAAP GAAP

See: Generally Accepted Accounting Principles


GAAP

See generally accepted accounting principles (GAAP).
 measure, provides useful information to the Company, investors and other users of the financial statements and other financial information in identifying and understanding operating performance for a given level of net sales and business trends. Management believes that adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, non-cash compensation, restructuring related charges, and foreign currency gains or losses) is an important measure of the Company's business because it reflects financial performance that is unencumbered by debt service and other non-cash, non-recurring or unusual items. This financial measure is commonly used in the Company's industry. It is also used by the Company's lenders to determine components of covenant compliance. However, adjusted EBITDA should not be considered as an alternative to cash flow from operating activities, as a measure of liquidity or as an alternative to net income as a measure of operating results in accordance with generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records.

Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting
. The Company's definition of adjusted EBITDA may differ from definitions of such financial measure used by other companies.

"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

Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding the Company's assumptions, projections, expectations, targets, intentions or beliefs about future events. Words or phrases such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "targets," "will likely result," "will continue," "may," "could" or similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed. The Company cautions that while it makes such statements in good faith and it believes such statements are based on reasonable assumptions, including without limitation, management's examination of historical operating trends, data contained in records, and other data available from third parties, it cannot assure you that the Company's projections will be achieved. In addition to other factors and matters discussed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, or the SEC, some important factors that could cause actual results or outcomes for DDi or its subsidiaries to differ materially from those discussed in forward-looking statements include changes in general economic conditions in the markets in which it may compete and fluctuations in demand in the electronics industry; the Company's ability to sustain historical margins; increased competition; increased costs; loss or retirement of key members of management; increases in the Company's cost of borrowings or unavailability of additional debt or equity capital on terms considered reasonable by management; and adverse state, federal or foreign legislation or regulation or adverse determinations by regulators. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Financial report
Date:Jan 22, 2008
Words:747
Previous Article:Blue Coat Systems Elevated to Highest Level of NASDAQ Listings.
Next Article:iRobot Announces Preliminary Unaudited Fourth Quarter and Full Year 2007 Results.
Topics:



Related Articles
DDi Corp. Announces First Quarter 2007 Results.
DDi Corp. Announces Estimated Second Quarter 2007 Results.
DDi Corp. Announces Fourth Quarter and Full Year 2006 Results.
DDi Corp. Announces Second Quarter 2007 Results.
DDi Corp. to Announce Third Quarter 2007 Financial Results on October 30.
DDi Corp. to Announce Fourth Quarter and Full Year 2007 Financial Results on February 13.
DDi Corp. Announces Fourth Quarter and Full Year 2007 Results.
DDi Corp. to Announce First Quarter 2008 Financial Results on April 23.
DDi Corp. Announces First Quarter 2008 Results.
DDi Corp. Announces Second Quarter 2008 Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles