NCI Inc. Q3 2008 Earnings Call Transcript

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2008-11-04 04:39:09.0

Tags: Staffing, Call Transcript, Quarter, Earnings, NCI Inc., Seeking Alpha, Staffing, Call Transcript, Quarter, Earnings, NCI Inc., Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions). Your first question is from William Loomis – Stifel Nicolaus & Company, Inc.

William Loomis – Stifel Nicolaus & Company

Just looking at the days sales, Terry, let me get this straight. The BRAC bid is only $30 million in that $202 million? Did I hear that right?

Terry W. Glasgow

That is correct.

William Loomis – Stifel Nicolaus & Company

Is there any, you said most of it had high direct labor content. Was there any significant ones that were at low direct labor or significantly below average margins in that 202 mix?

Terry W. Glasgow

No.

Judith L. Bjornaas

Nothing significant. Clearly there was some teammate revenue and a little bit of product on that side, but nothing significant.

William Loomis – Stifel Nicolaus & Company

Okay, and then on the NET contract that you won last December finally starting to ramp up. Can you just remind us what the staffing of that was, like say at the end of the second quarter, and third quarter and you already talked about the forth quarter.

Terry W. Glasgow

Yes it started out relatively low in the first quarter. We had levels 20 people or so. End of the second quarter it had ramped up more but the vast majority of the staffing was taking place late in September. By late, I mean the last three or four or five days of September, so most of that has come up. There is a little bit that yet to be staffed out of about 480 people in the fourth quarter. But the majority of that is already staffed and on working for us right now.

William Loomis – Stifel Nicolaus & Company

And then finally on the BRAC program you said not a lot of contributions, it sounds like in ’09 just because it’s not – BRAC doesn’t appear to be a near term priority. Is that true or when do you expect to really see that impact, by the second quarter or third quarter of next year?

Terry W. Glasgow

Well, I’m not going into 2009 yet because we haven’t said anything there. But just to say that as we look at less than 36 months to go and the kinds of activities that have to be done in order to support these BRAC moves, and IA being a critical feature of that, I would expect to see the work load ramp up. We’re already seeing it. We already have work underway. We already have staffing underway. So I didn’t want to lead you to believe that there was nothing there.

 

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