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 Financials and Metrics

Summary Metrics

Founding Date

1945

Pike Financials

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

Revenue (Q1, 2015)

212.2 m

Gross profit (Q1, 2015)

15.9 m

Gross profit margin (Q1, 2015), %

7%

Net income (Q1, 2015)

(2.4 m)

EBIT (Q1, 2015)

(1.5 m)

Cash (30-Sep-2014)

24.7 m
USDFY, 2014

Revenue

810.7 m

EBIT

30.8 m

EBIT margin, %

4%

Net Income

13.7 m
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%
USDFY, 2014

Cash

989 k

Inventories

12.4 m

Current Assets

213.1 m

PP&E

177.7 m
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
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)
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
Show all financial metrics

Pike's Web-traffic and Trends

Pike Online and Social Media Presence

Pike News and Updates

The Wharf Turns Washington Into a Waterfront City

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Missing dog spotted on Mass. Pike reunited with owner

Indy, a 1-year-old Great Pyrenees mix, was found Thursday.

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Classical singer Carly Paoli, who released her debut album Singing My Dreams in the summer, is joining TV presenter Aled Jones for a charity Christmas Carol concert on December 4. The Ms Paoli is a brand ambassador luxury Swiss watchmaker Bedat & Co, which is also an official sponsor for the Chr…

Humpback whales have been enjoying their meals very close to Salisbury Beach

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Police kindly request people stop calling 911 over this decapitated body

Apparently it's a little too early for Halloween decorations.  The sheriff's department in Greene County, Tennessee, posted an informative PSA to its Facebook page Wednesday, informing residents that the headless body located under the bloody garage on Chuckey Pike is not actually a dead body. SEE…

Garbage truck fire closes Mass. Pike connector in Boston

A garbage truck fire in the Mass. Pike connector tunnel in Boston shortly before 1 p.m. Monday shut down traffic in both directions, state police tweeted. Westbound traffic reopened around 1:30 p.m., and one eastbound lane reopened at about 3:20 p.m., according to the state Department of Transportat…

Pike Company Life and Culture

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