Welcome to our dedicated page for Pae news (Ticker: PAE), a resource for investors and traders seeking the latest updates and insights on Pae stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pae's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pae's position in the market.
PAE (NASDAQ: PAE) will participate in the Deutsche Bank 11th Annual Global Industrials & Materials Summit on June 8, 2020. The event will feature a virtual fireside chat led by President and CEO John Heller, alongside CFO Charlie Peiffer, at approximately 12:45 p.m. ET. Interested investors can join the webcast via the PAE Investor Relations website and register for email reminders. An archived version will be accessible for 30 days post-event. With 65 years of experience, PAE provides operational support services globally, employing over 20,000 professionals.
PAE has secured a significant contract from the U.S. Air Force for aircraft and equipment maintenance at Eglin Air Force Base, Florida. This contract has an estimated total value of $158 million and includes a one-year base period with six one-year options and a potential six-month extension. PAE's extensive experience in aviation support and commitment to high-quality maintenance services position the company favorably for this partnership with the Air Force, aiming to enhance national security operations.
PAE (NASDAQ: PAE) has been awarded a significant contract by U.S. Customs and Border Protection, part of the Department of Homeland Security. This contract, valued at over $1.26 billion, features a one-year base period and nine optional one-year extensions, with the potential for an additional three-month extension. PAE's CEO highlighted the company's proven track record and commitment to national security through aircraft maintenance services. The contract will involve support across various operational sites, ensuring the readiness of CBP's fleet of over 200 aircraft.
PAE reported first-quarter 2020 revenue of $617.3 million, down 8.3% from the previous year, attributed mainly to timing-related impacts and approximately $14 million from COVID-19. The company posted an operating income of $7.5 million and a net loss of $4.9 million.
Adjusted EBITDA was $41.6 million, representing 6.7% of revenue. Net bookings reached $654 million for the quarter, with a book-to-bill ratio of 1.1x. PAE reaffirms its fiscal 2020 guidance of $2,750 million to $2,850 million in revenue.
Summary not available.