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.

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Type
Private
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
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Pike Office Locations

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

Summary Metrics

Founding Date

1945

Pike Financials

Pike's revenue was reported to be $810.66 m in FY, 2014
USD

Revenue (Q1, 2015)

212.2 m

Gross profit (Q1, 2015)

15.9 m

Gross profit margin (Q1, 2015), %

7.5%

Net income (Q1, 2015)

(2.4 m)

EBIT (Q1, 2015)

(1.5 m)

Cash (30-Sep-2014)

24.7 m
Annual
USDFY, 2014

Revenue

810.7 m

EBIT

30.8 m

EBIT margin, %

4%

Net Income

13.7 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015

Revenue

193.3 m210.9 m207.6 m212.2 m

Cost of goods sold

173.4 m179.9 m181.3 m196.3 m

Gross profit

19.9 m30.9 m26.2 m15.9 m

Gross profit Margin, %

10%15%13%7%
Annual
USDFY, 2014

Cash

989 k

Inventories

12.4 m

Current Assets

213.1 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015

Cash

2.9 m2.4 m3.8 m24.7 m

Accounts Receivable

90.8 m96 m113 m95.8 m

Inventories

16.7 m16.1 m14.7 m13.4 m

Current Assets

199.9 m206.4 m233.3 m243.9 m
Annual
USDFY, 2014

Net Income

13.7 m

Depreciation and Amortization

39.5 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015

Net Income

959 k5.7 m2.8 m(2.4 m)
USDY, 2014

Revenue/Employee

36.6 k

Financial Leverage

2.5 x
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Pike News and Updates

'It smells like rotting corpses, or carcasses. It smells like death.'

"It smells like rotting corpses, or carcasses. It smells like death."

David Epstein's Thursday forecast has wet snow—and rain

When you wake up Thursday, it will either be raining or there’ll be some wet snow and rain in the air.

Five injured in morning crash on Mass. Pike

Several people were injured in an early morning car crash on the Mass Pike

PE-backed medical cannabis startup Tilray appoints Castaneda as CFO

Canadian medical cannabis startup Tilray Inc has named Mark Castaneda as chief financial officer. Previously, he led IPOs for companies that included Primo Water Corp, Pike Electric Inc and Blue Rhino Corp. Tilray is a portfolio company of Privateer Holdings, a Seattle-based private equity firm focu…
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