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On March 16, 2021, PAE appointed Charles Peiffer as Interim President and CEO effective March 19, following John Heller's resignation. Peiffer, who has served as CFO since 2014, is expected to lead during the search for a permanent CEO. The Board of Directors will engage an executive search firm to identify suitable candidates. PAE reiterated its fiscal year 2021 guidance, projecting revenues of $3,050 million to $3,150 million, adjusted EBITDA of $205 million to $215 million, and cash flow of at least $120 million.
PAE will present at the Bank of America Securities Global Industrials Conference on March 17, 2021, at 9:10 a.m. ET. CFO Charlie Peiffer will participate in a virtual presentation and a Q&A session. Interested parties can access the webcast on the PAE Investor Relations website, where an archive will be available for 90 days post-event. For over 65 years, PAE has provided operational support services to the U.S. government, employing around 20,000 people across approximately 60 countries.
PAE reported fourth-quarter revenue of $787.8 million, with a net loss of $6.1 million. For the entire year, revenue totaled $2.7 billion and net income reached $15.3 million. Notably, adjusted EBITDA for Q4 was $44.0 million (5.6% margin) and $180.2 million (6.6% margin) for 2020. The COVID-19 pandemic negatively impacted Q4 revenue by approximately $62.1 million. PAE's 2021 guidance forecasts revenue of $3.05 billion - $3.15 billion and adjusted EBITDA of $205 million - $215 million.
PAE will participate at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021. President and CEO John Heller, along with CFO Charlie Peiffer, will present during a virtual session around 1:20 p.m. ET. Interested investors can access the webcast via the PAE Investor Relations website, where they can also register for email reminders. An archived version of the webcast will be available for 90 days post-event. PAE has provided operational support services globally for 65 years, employing around 20,000 people across 60 countries.
PAE (NASDAQ: PAE, PAEWW) will hold a webcast and conference call on March 11, 2021, at 8 a.m. ET to discuss its financial results for Q4 and fiscal year 2020. A press release detailing the results will precede the call, and an archive of the webcast will be available on the PAE Investor Relations website for one year. Participants can join via the website or dial in using provided numbers. PAE has been delivering operational support services globally for 65 years, with approximately 20,000 employees across around 60 countries.
PAE (NASDAQ: PAE, PAEWW) has secured a position on the U.S. Department of Justice MEGA 5 Automated Litigation Support Services contract, enabling it to compete for task orders. This contract supports DOJ attorneys across eight divisions with essential services. PAE President and CEO John Heller emphasized the company's commitment to delivering quality service through its National Security Solutions division. With a workforce of approximately 20,000, PAE has provided solutions to the U.S. government for over 65 years.
PAE (NASDAQ: PAE, PAEWW) will present at the Cowen 42nd Annual Aerospace/Defense & Industrials Conference on February 9, 2021, at 9:20 a.m. ET. President and CEO John Heller and CFO Charlie Peiffer will participate in a virtual presentation and Q&A session. Interested parties can access the webcast on the PAE Investor Relations website, where an archived version will also be available for 90 days post-event.
PAE specializes in providing operational support services globally, employing around 20,000 personnel across 60 countries.
PAE (NASDAQ: PAE, PAEWW) announced its participation in the 21st Annual CJS Securities New Ideas for the New Year Conference on January 13, 2021. President and CEO John Heller, along with CFO Charlie Peiffer, will engage in a virtual presentation and a fireside chat at 2:20 p.m. ET. Interested parties can access the live webcast via the PAE Investor Relations website, where an archive will be available for 30 days post-event.
PAE delivers operational support services globally, catering to U.S. government needs for over 65 years.
PAE has been awarded a significant contract as one of three prime contractors for the U.S. Department of State’s Global Support Strategy 2.0, valued at up to $3.3 billion over 10 years. This contract focuses on providing integrated business process solutions essential for processing non-immigrant and immigrant visa applications globally. PAE will compete for task orders by utilizing its strengths in biometric collection and secure data processing. The contract aims to support consular operations in 120 countries, representing 98% of the State Department’s visa processing.
PAE (NASDAQ: PAE, PAEWW) has secured two new task orders totaling up to $151.8 million under a key U.S. Air Force contract. The first task order, valued at $95.7 million, focuses on aircraft maintenance at the Naval Aviation Maintenance Center in California. The second task order supports the U.S. Army Pacific, involving operations for 268 Army aircraft with a potential value of $56.1 million. These awards enhance PAE's role in national security initiatives, specifically in maintaining critical military aircraft.
