$CUB (Cubic Corporation)

$CUB {{ '2016-09-22T13:27:00+0000' | timeago}} • Announcement

$CUB said its Cubic Transportation Systems business unit has opened a new Global Operations Centre in the UK. The GOC will provide Level one and Level two support to customers worldwide. Level one will comprise central service desk operations, while Level two will involve more specialized interventions to resolve issues or improve performance.

$CUB {{ '2017-09-12T11:48:18+0000' | timeago}} • Announcement

$CUB subsidiary Cubic Transportation Systems said Dirk Van de Meerssche, sales and marketing director of intelligent transport systems and tolling for its Asia Pacific arm, has joined the BoD of iMOVE CRC in Australia. Cubic is currently a partner to iMOVE, a transportation technology company, for development of intelligent transport systems.

$CUB {{ '2017-09-06T14:07:31+0000' | timeago}} • Announcement

Cubic Global Defense, a business division of $CUB, received a contract award worth more than $25MM from a customer in the Asia-Pacific region for the delivery of three mobile combat training centers. Cubic will provide its latest generation laser-based simulation equipment for dismounted soldiers, vehicles and numerous weapon configurations.

$CUB {{ '2017-07-18T13:39:50+0000' | timeago}} • Announcement

$CUB acquired a wireless infrastructure company Deltenna Limited, that is headquartered in Chippenham, U.K.. The terms of the transaction remained undisclosed.

$CUB {{ '2017-05-08T21:32:23+0000' | timeago}} • Announcement

$CUB lowered and narrowed its sales guidance for FY17 to between $1.50-1.54Bil. Adjusted EBITDA is now expected in the range of $105-125MM, while EPS guidance has been withdrawn due to the potential for income tax expense volatility.

$CUB {{ '2017-05-08T21:27:48+0000' | timeago}} • Announcement

Public transport company $CUB said its revenue fell 6% to $343.7MM in 2Q17, partially hurt by forex rates. Net income fell to $0.5MM, or 2 cents per share, from $10.1MM, or 38 cents per share in the year-ago period.  Adjusted EBITDA stood at  $16.8MM during the quarter.

$CUB {{ '2017-05-04T18:12:10+0000' | timeago}} • Announcement

Cubic Global Defense, a unit of $CUB, received a contract award worth over $35MM to continue supporting the British Army. The three-year contract allows Cubic to deliver services and repair to the Area Weapons Effects Simulator at Salisbury Plain Training Area in the UK.

$CUB {{ '2017-04-17T15:41:32+0000' | timeago}} • Announcement

$CUB launched VaultedTM, a new software-as-a-service (SaaS) security compliance and team collaboration application, developed by its subsidiary TeraLogics. Vaulted simplifies the compliance and reporting process for new and existing applications by bringing security resources, requirements and teammates into a single workspace.

$CUB {{ '2017-03-07T13:17:24+0000' | timeago}} • Announcement

Cubic Transportation Systems, a unit of $CUB, has named Tony Gale as VP of NextBus, the firm's real-time passenger information system. With over two decades of experience in SaaS, Gale was previously GM of TripSpark Technologies’ School Transportation Division, a unit of Trapeze Software.

$CUB {{ '2017-02-01T14:14:36+0000' | timeago}} • Announcement

Cubic Transportation Systems, a business unit of $CUB, was awarded a $1.1MM, a five-year contract extension from the University of Maryland to upgrade its NextBus fleet management system. The installation of this new system is expected to begin in February 2017.

$CUB {{ '2017-01-19T15:03:17+0000' | timeago}} • Announcement

$CUB announced nomination of financial executive Maureen Breakiron-Evans to the company's BoD. Additionally, the company announced that Robert Sullivan, Dean of the Rady School of Management at UC San Diego, has decided not to seek re-election to the BoD and will end his term following the annual shareholders meeting in Feb. 2017.

$CUB {{ '2017-01-10T12:51:34+0000' | timeago}} • Announcement

Cubic Transportation Systems (CTS), a business unit of $CUB, appointed Dirk Van de Meerssche, sales and marketing director of intelligent transport systems and tolling for Asia Pacific at CTS, to the BoD for Intelligent Transport Systems (ITS) Australia.

$CUB {{ '2016-11-30T18:38:05+0000' | timeago}} • Announcement

$CUB announced the acquisition of Vocality International, a leading provider of embedded technology that unifies communications platforms, enhances voice quality, increases video performance and optimizes data throughput. The purchase price is $10MM subject to other customary adjustments per the terms of the stock purchase agreement.

$CUB {{ '2016-11-30T14:07:30+0000' | timeago}} • Announcement

$CUB closed purchase of Vocality International. This further expands Cubic Mission Solutions' portfolio in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance for secure and expeditionary communications, and ISR Processing, Exploitation and Dissemination.

$CUB {{ '2016-11-21T19:00:13+0000' | timeago}} • Webcast

$CUB's CTS addressable market is over $12Bil, with compound annual growth rate of 5-7%. The company is working to reach CTS revenue of over $900MM organically by FY20, with 13-15% EBITDA margins.

$CUB {{ '2016-11-21T18:52:30+0000' | timeago}} • Webcast

$CUB expects FY17 consoidated operating income to be in the range of $30-50MM. EBITDA is expected to be in the range of $80-100MM and adjusted EBITDA is expected to be in the range of $120-140MM.

$CUB {{ '2016-11-21T18:44:09+0000' | timeago}} • Webcast

$CUB's CTS sales were $586.4MM, grew 3% from a year ago. CGD Systems sales grew 5% to $484.2MM in FY16, helped by higher sales in air combat training, live fire training systems and simulation systems.

$CUB {{ '2016-11-21T18:29:13+0000' | timeago}} • Webcast

$CUB expects to exceed $2Bil in revenue in FY20, driven jointly by organic growth and acquisitions. The company plans to increase EBITDA with its portfolio shift to higher margin business areas and by implementing its range of One Cubic initiatives.

$CUB {{ '2016-11-21T15:00:05+0000' | timeago}} • Webcast

$CUB forecast 2017 sales of $1.51-$1.56Bil. The company expects EPS of $0.40-$0.80 per share for the period. $CUB said it expects to do well in the coming fiscal with several key contracts.

$CUB {{ '2016-11-21T14:55:46+0000' | timeago}} • Webcast

Diversified industrial company $CUB reported a 4Q16 loss of $7.5MM or $0.29 per share, compared with earnings of $20MM, or $0.74 per share a year ago. The loss was mainly driven by higher expenses which rose to $12.4MM from $5.3MM a year ago. Revenue fell 5% to $406.6MM.

$CUB {{ '2016-11-10T18:59:30+0000' | timeago}} • Announcement

Cubic Mission Solutions (CMS), a business division of $CUB, promoted Paul Gierow, former president of GATR Technologies (GATR), to VP of technology for CMS. Roark McDonald, former VP of programs at GATR, has been appointed to the role of general manager and VP of GATR.

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