OverviewSuggest Edit

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.

TypePrivate
Founded1945
HQMount Airy, US
Websitepike.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Feb 2020)1,876(+4%)
Job Openings433
Revenue (FY, 2014)$810.7 M(-11%)

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
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Pike Revenue

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

Revenue (Q1, 2015)

212.2m

Gross profit (Q1, 2015)

15.9m

Gross profit margin (Q1, 2015), %

7.5%

Net income (Q1, 2015)

(2.4m)

EBIT (Q1, 2015)

(1.5m)

Cash (30-Sept-2014)

24.7m
Annual
USDFY, 2012FY, 2013FY, 2014

Revenue

685.2m918.7m810.7m

Cost of goods sold

593.5m771.5m706.9m

Gross profit

91.7m147.2m103.7m

Gross profit Margin, %

13%16%13%
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Revenue

171.8m172.0m162.8m244.6m273.7m200.2m193.3m210.9m207.6m212.2m

Cost of goods sold

147.9m146.6m142.2m207.7m214.4m175.2m173.4m179.9m181.3m196.3m

Gross profit

23.9m25.4m20.5m36.9m59.2m25.0m19.9m30.9m26.2m15.9m

Gross profit Margin, %

14%15%13%15%22%13%10%15%13%7%
Annual
USDFY, 2012FY, 2013FY, 2014

Cash

1.6m2.6m989.0k

Accounts Receivable

91.1m104.6m96.9m

Prepaid Expenses

9.0m9.9m7.0m

Inventories

15.3m14.4m12.4m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Cash

2.7m695.0k208.0k1.3m2.5m6.0m2.9m2.4m3.8m24.7m

Accounts Receivable

99.8m86.2m92.3m129.1m137.7m118.5m90.8m96.0m113.0m95.8m

Prepaid Expenses

10.0m7.5m10.6m7.0m7.9m8.1m8.9m9.2m12.3m8.3m

Inventories

9.8m10.7m12.0m13.6m10.3m15.2m16.7m16.1m14.7m13.4m
Annual
USDFY, 2012FY, 2013FY, 2014

Net Income

10.9m36.2m13.7m

Depreciation and Amortization

38.3m41.4m39.5m

Accounts Payable

1.2m5.6m1.6m

Cash From Operating Activities

25.7m82.8m48.9m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Net Income

2.6m7.5m9.5m9.3m32.9m35.6m959.0k6.6m9.4m(2.4m)

Depreciation and Amortization

9.7m19.4m28.9m10.4m21.5m31.4m10.0m20.1m29.9m9.1m

Accounts Payable

642.0k(7.1m)(2.0m)7.4m16.9m9.0m(3.3m)(501.0k)167.0k10.5m

Cash From Operating Activities

(5.4m)17.1m17.8m(7.5m)36.9m65.9m11.5m21.6m11.7m10.0m
USDY, 2014

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.5 x
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Pike Online and Social Media Presence

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Pike News and Updates

Rosamund Pike refused to strip for Bond film audition

Actor Rosamund Pike has revealed she refused to strip during an audition for a James Bond film, but still secured the part. The 39-year-old Oscar-nominated actor made her Hollywood debut as Miranda Frost opposite Pierce Brosnan's Bond in 2002's "Die Another Day," and was just 21 when she auditioned …

CBD Natural Solutions is coming to amazon.com with its Root Origins nano full-spectrum CBD line of products

SAN DIEGO, Aug. 3, 2018 /PRNewswire/ -- CBD Natural Solutions, Root Origins' parent company, is coming to amazon.com with its unique nano full spectrum hemp extract products including Day and Night oral sprays and its Hemp Vitality Water. The Day Oral Spray is a hemp-derived CBD...

Sur La Table Turns Up The Heat In The Kitchen, Unveils New Collaboration With SCANPAN

SEATTLE, Aug. 2, 2018 /PRNewswire/ -- Sur La Table is excited to announce its newest, exclusive cookware collaboration, SCANPAN® CS+ featuring the most advanced nonstick surface available on the market today. Launched in July, CS+ raises the bar in every way, fusing revolutionary new...

Match 6 Ticket Worth $1.8 Million Sold in Fayette County

MIDDLETOWN, Pa., July 31, 2018 /PRNewswire/ -- A jackpot-winning Pennsylvania Lottery Match 6 Lotto ticket worth $1.8 million from the Monday, July 30, drawing was sold at Rite Aid, 6039 National Pike, Grindstone, Fayette County. The ticket correctly matched all six winning numbers,...

Root Origins nano full-spectrum CBD oral spray partners with universities, delivering most effective healing hemp extract

SAN DIEGO, July 24, 2018 /PRNewswire/ -- CBD Natural Solutions is a company with its roots based firmly in integrity, social responsibility and scientific research. The parent company of Root Origins, a sublingual CBD spray with a day and night formula – tested for optimum absorption with ...

Spock is coming to a Star Trek TV show for the first time in 50 years

It's official: For the first time this century, Lieutenant Spock will appear in a new episode of a Star Trek TV show. Spock appears in the second season of Star Trek Discovery, executive producer Alex Kurtzman revealed at San Diego Comic Con.  Is Spock coming? 🖖 "I can tell you that, yes, you wi…
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Pike Frequently Asked Questions

  • When was Pike founded?

    Pike was founded in 1945.

  • How many employees does Pike have?

    Pike has 1,876 employees.

  • What is Pike revenue?

    Latest Pike annual revenue is $810.7 m.

  • What is Pike revenue per employee?

    Latest Pike revenue per employee is $432.1 k.

  • Who are Pike competitors?

    Competitors of Pike include Energeia, CTRAN and Olivine.

  • Where is Pike headquarters?

    Pike headquarters is located at 100 Pike Way, Mount Airy.

  • Where are Pike offices?

    Pike has an office in Mount Airy.

  • How many offices does Pike have?

    Pike has 1 office.