BDM Staff and Stock on the Rise
The past year has been one of change for BDM International, which just hired former PRC president Bill Hoover to wear two hats. He will serve as executive vice president and president and CEO of BDM Federal.
Another relatively new face at BDM is Tom Faulders, who serves as executive vice president and chief financial officer. Faulders joined BDM last April. He was formerly vice president and chief financial officer at COMSAT Corp.
The company also issued a public stock offering in 1995, which was a resounding success. A second offering followed in early 1996. BDM now holds the distinction of being the largest publicly traded federal information technology service company, according to Ferris Baker Watts Inc., a Baltimore investment consultant.
BDM's stock is becoming a Washington area darling. The stock is trading at $48.25, up from a 52-week low of $19.88. In April, Ferris Baker Watts issued a report saying it believed the company could boost revenues and earnings per share between 13 percent and 17 percent annually. Profit margins continue to increase and "there is room for upside earnings surprises," said the report.
Philip Odeen, company president and chief executive officer, said the company can grow at 15 percent annually - possibly through acquisitions.
Hoover's hiring frees Odeen to focus on BDM's acquisition and strategy. "I'm really pleased with [Bill Hoover's] knowledge of the IT world - it takes the burden off of me," said Odeen.