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
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

Pike Office Locations

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

Pike Data and Metrics

Summary Metrics

Founding Date

1945

Pike Financial Metrics

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

Revenue (FY, 2014)

810.7 m

Net income (FY, 2014)

13.7 m

EBIT (FY, 2014)

30.8 m

Cash (30-Jun-2014)

989 k
USDFY, 2014

Revenue

810.7 m

EBIT

30.8 m

EBIT margin, %

4%

Net Income

13.7 m
USDFY, 2014

Cash

989 k

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
USDFY, 2014

Net Income

13.7 m

Depreciation and Amortization

39.5 m

Cash From Operating Activities

48.9 m

Purchases of PP&E

(32.2 m)

Cash From Investing Activities

(26.5 m)

Cash From Financing Activities

(24 m)
Y, 2014

Financial Leverage

2.4 x

Traffic Overview of Pike

Pike Online and Social Media Presence

Pike News and Updates

A study of the richest people in Britain challenges the famous economist Thomas Piketty's theory about wealth

Thomas Piketty, a Nobel Prize winning economist, shot to fame in his 2013 when he published his book "Capital in the Twenty-First Century," which focuses on wealth and income inequality. But the latest study of data from, the yet to be published, The Sunday Times Rich List …

Pike river mine disaster: families fight to stop their dead being sealed away forever

Relatives of some of the 29 men who died in the New Zealand pit are guarding its entrance to prevent the mine’s owner blocking it with concreteIt has just gone six in the morning when Bernie Monk emerges through the cloying mist of Grey valley and is handed a mug of steaming coffee. The eyes of two …

Rosamund Pike: ‘I'm happy being No 2. The guy's usually No 1'

Things exploded for her after Gone Girl. So where are all the meaty lead roles? As A United Kingdom is released, Rosamund Pike talks nails, nans and nappies There is a wonderful photograph of Seretse and Ruth Khama sitting together on a rocky hill above the plains of what would later be renamed Bots…

We must rethink globalization, or Trumpism will prevail | Thomas Piketty

Rising inequality is largely to blame for this electoral upset. Continuing with business as usual is not an option Related: Rust-belt romantics don’t get it: the middle class is being wiped out too | Aditya Chakrabortty Let it be said at once: Trump’s victory is primarily due to the explosion in ec…

The Cliff House at Pikes Peak

In the shadow of Pikes Peak, which inspired the song 'America the Beautiful', sits historic Cliff House, an intimate boutique mountain hotel oozing with romance and Victorian charm. It was once a health resort for the wealthy, with former guests including J. Paul Getty, Crown Prince Ferdinand and Cl…
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Pike Company Life and Culture

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