Pike Electric (PIKE $8.26) reported fourth quarter earnings of $0.06
per share, $0.01 better than the Capital IQ Consensus Estimate of $0.05.
Revenues rose 34.8% year/year to $162.7 million versus the $156 million
consensus.
The company stated, "The acquisitions that were completed over the last three
years, including the recent acquisition of Pine Valley Power, Inc. give us a
strong foundation for geographic expansion and further improvement in the mix of
core services revenue. In addition, the $200 million revolving credit facility
that we announced last month provides the Company with greater financial
flexibility and increased capacity for organic growth and potential acquisitions
than the prior revolver."






