Pike is one of the largest third-party providers of outsourced electric distribution and transmission services in the United States. Their core activities consist of the maintenance, upgrade and extension of electric distribution and sub-500 kilovolt, or kV, transmission powerlines for more than 150 electric utilities, cooperatives and municipalities. They service a contiguous 19-state region that stretches from Pennsylvania in the north to Florida in the southeast and to Texas in the southwest.

Historically, their growth has been almost entirely organic, driven by the steady addition of new customers and the further expansion of existing customer relationships. Through their fiscal year ended June 30, 2004, their revenues grew at a ten-year compounded annual growth rate, or CAGR, of 10.6%, almost exclusively on an organic basis. On July 1, 2004, they acquired Red Simpson, which significantly expanded their service territory and operating scale and added multiple long-term customer relationships. For the year ended June 30, 2004, their pro forma revenues, after giving effect to the Red Simpson acquisition, were $552.5 million.

Type
Public
HQ
Mount Airy, US
Founded
1945
Size (employees)
5,800 (est)
Website
pike.com
Pike was founded in 1945 and is headquartered in Mount Airy, US

Pike Office Locations

Pike has an office in Mount Airy
Mount Airy, US (HQ)
100 Pike Way

Pike Metrics

Pike Financial Metrics

Pike's revenue was reported to be $810.7 m in FY, 2014

Revenue (FY, 2014)

$810.7 m

Gross profit (FY, 2014)

$103.7 m

Gross profit margin (FY, 2014), %

13%

Net income (FY, 2014)

$13.7 m

EBIT (FY, 2014)

$30.8 m

Cash (30-Jun-2014)

$989 k
FY, 2014

Revenue

$810.7 m

Gross profit

$103.7 m

Gross profit Margin, %

13%

EBIT

$30.8 m

EBIT margin, %

4%

Net Income

$13.7 m
FY, 2014

Cash

$989 k

Accounts Receivable

Inventories

$12.4 m

Current Assets

$213.1 m

PP&E

$177.7 m

Goodwill

$153.7 m

Total Assets

$616.2 m

Accounts Payable

$35 m

Current Liabilities

$88.3 m

Additional Paid-in Capital

$180.3 m

Retained Earnings

$72.1 m

Total Equity

$258.7 m

Financial Leverage

2.4 x
FY, 2014

Net Income

$13.7 m

Depreciation and Amortization

$39.5 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$48.9 m

Purchases of PP&E

($32.2 m)

Cash From Investing Activities

($26.5 m)

Long-term Borrowings

Cash From Financing Activities

($24 m)
Y, 2014

Financial Leverage

2.4 x

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