UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 3, 2005
Analex Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-5404 71-0869563
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
5904 Richmond Highway, Suite 300, Alexandria, VA 22309
(Address of principal executive offices) (Zip Code)
(703) 329-9400
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed
since last report)
Item 2.02 Results of Operations and Financial Condition
On November 3, 2005, Analex Corporation (the "Company" or
"Analex") issued a press release announcing its financial results
for the third quarter ended September 30, 2005. The full text of
the press release issued in connection with the announcement is
attached hereto as Exhibit 99.1 to this Form 8-K report.
The press release discloses certain financial measures,
specifically earnings before interest and taxes (EBIT) and
earnings before interest, taxes, depreciation and amortization
(EBITDA) that are considered non-GAAP financial measures under
applicable SEC rules. Generally, a non-GAAP financial measure is
a numerical measure of a company's performance, financial
position or cash flows that either excludes or includes amounts
that are not normally excluded or included in the most directly
comparable measure calculated and presented in accordance with
generally accepted accounting principles. The non-GAAP financial
measures included in the press release have been reconciled to
the most directly comparable GAAP measure as is required
under SEC rules regarding the use of non-GAAP financial
measures.
EBIT and EBITDA are widely used measures of operating
performance. They are presented as supplemental information that
management of Analex believes is useful to investors to evaluate
the Company's results because they exclude certain items that are
not directly related to the Company's core operating performance.
EBIT is calculated by adding back net interest expense and income
tax expense to net income. EBITDA is calculated by adding back
net interest expense, income taxes, depreciation and amortization
to net income. EBIT and EBITDA should not be considered as
substitutes either for net income, as indicators of Analex's
operating performance, or for cash flow, as measures of Analex's
liquidity. In addition, because EBITDA is not calculated
identically by all companies, the Company's presentation of
EBITDA may not be comparable to other similarly titled measures
of other companies.
Information in this Form 8-K and the Exhibit attached hereto
is being furnished under Items 2.02 and 9.01 of Form 8-K and
shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934 (the "Exchange Act"), or
otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference in any filing under the
Securities Act of 1933, or the Exchange Act, except as expressly
set forth specific reference in such filing.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Exhibit
No.
99.1 Press Release dated November 3, 2005 announcing
financial results for the third quarter ended
September 30, 2005.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
ANALEX CORPORATION
Date: November 3, 2005 By: /s/ Wayne C. Grubbs
-----------------------
Wayne C. Grubbs
Senior Vice President and
Chief Financial Officer
(Principal Financial
Officer and Chief Accounting
Officer)