Earnings Call Excerpt
Stanley, Inc. (SXE)
F4Q08 Earnings Call
May 14, 2008 5:00 pm ET
Executives
Larry Delaney – Investor Relations Counsel
Phil Nolan – Chairman, President and Chief Executive Officer
Brian Clark – Executive Vice President, Chief Financial Officer, Treasurer
Analysts
William Loomis – Stifel, Nicolaus & Co.
Brian Kinstlinger – Sidoti & Co.
Edward Caso – Wachovia Securities
Chris Donaghey – SunTrust Robinson Humphrey
Cai von Rumohr – Cowen & Co.
Sarah Catherine Phillips - Stephens Inc.
Mike Smith - BB&T Capital Markets
Unidentified Analyst
Mike Lewis - BB&T Capital Markets
Presentation
Operator
Welcome to the fourth quarter 2008 Stanley, Inc. earnings conference call. (Operator Instructions) I would now like to turn the presentation over to your host for today’s call Mr. Larry Delaney, Investor Relations Counsel.
Larry Delaney
Thanks for joining us on Stanley’s fiscal fourth quarter 2008 conference call. Here today are Stanley’s Chairman, President and CEO; Phil Nolan and Chief Financial Officer, Brian Clark. Phil is going to begin with an overview of the company’s fiscal fourth quarter operating results. Brian will then go through the financial results and issue guidance for Stanley’s fiscal first quarter 2009 and full year 2009. We’ll then take your questions.
I’d like to remind our listeners that our comments today will contain forward-looking statements and information based on management’s current expectations. Such forward-looking statements are subject to certain risks, uncertainties and assumptions. Information about various risks that could affect the company’s financial results is available in the ?Risk Factor? section of Stanley’s Form 10-K for the fiscal year ended March 31, 2008 and in other reports the company files with the SEC.
In addition, today’s call will include discussions of certain non-GAAP financial measures including EBITDA and organic revenue growth. Tables reconciling our non-GAAP financial measures are available in our earnings press release and available in the Investor Relations section of the company’s website at www.StanleyAssociates.com.
With that I’ll turn the call over to Phil Nolan.
Phil Nolan
Stanley once again delivered a solid quarter and a strong finished to our fiscal year 2008. Q4 revenue grew by 49% over the same period last year to a single-quarter record $173.5 million with 39% of that growth coming organically.
Net income for the quarter was $7.7 million versus $4.5 million a year ago, equating to diluted earnings per share of $0.33 up from $0.20 from Q4 of last year. For the year revenue was $604.3 million up 48% from revenue of $409.4 million in FY07. Full year organic growth was 37%.
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