Booz Allen Hamilton (BAH)

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Booz Allen Hamilton (BAH) - 2025 Q2 - Earnings Call Transcript
2024-10-25 15:24
Financial Data and Key Metrics Changes - Total revenue for Q2 2025 grew 18% year-over-year to $3.1 billion, with organic revenue increasing 17% year-over-year [24] - Adjusted EBITDA for the quarter was $364 million, approximately 25% higher than the prior year period, with an adjusted EBITDA margin of 11.6%, up 70 basis points compared to the prior year quarter [24] - Net income for the quarter was $390 million, 129% higher year-over-year, while adjusted net income increased 38% year-over-year to $233 million [24] Business Line Data and Key Metrics Changes - Civil revenues rose approximately 12% from the prior year quarter, continuing double-digit growth for the past 13 quarters [8] - Intelligence market revenue increased 8% year-over-year, marking a return to growth [10] - Defense business revenue increased 17% year-over-year, driven by strategic support in geopolitical conflicts and modernization efforts [12] Market Data and Key Metrics Changes - Total backlog as of September 30 was a record $41 billion, up about 18% from a year ago, with net bookings for the quarter at $8.2 billion [23] - The trailing 12-month book-to-bill ratio was 1.5 times, the highest in six years [23] - Client staff increased by 4.3% in the first half of the fiscal year, totaling nearly 33,000 employees, an 8.1% increase year-over-year [23] Company Strategy and Development Direction - The company's growth strategy, VOLT (velocity, leadership, and technology), continues to drive performance and positions the company for future growth [6] - The focus is on supporting national missions with leading-edge technology, adapting to complex environments, and leveraging innovation to navigate challenges [7] - The company aims to exceed the top end of its multi-year investment thesis through organic performance [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the turbulent environment due to geopolitical instability and upcoming elections, which may affect visibility and priorities [29] - Despite uncertainties, management expressed confidence in the company's operational momentum and ability to adapt to changing demands [30] - The company remains optimistic about growth in both the near and medium term, driven by strong demand across various sectors [31] Other Important Information - The company repurchased about 1.2% of its shares, totaling $232 million, and declared a quarterly dividend of $0.51 per share [25] - The company expects total cyber revenue to reach between $2.5 billion and $2.8 billion by the end of the fiscal year, with plans to double that revenue in the next five years [11] Q&A Session Summary Question: Guidance implies a deceleration; what are the drivers of growth in the back half? - Management acknowledged the turbulent environment and potential changes in priorities due to the upcoming election but highlighted strong performance indicators such as hiring and backlog [29] Question: What is the range of outcomes regarding cash impact from audit adjustments? - Management indicated that there has not been a cash impact yet and advised against building expectations of cash into models at this time [32] Question: How strong is the demand environment relative to potential headwinds from specific contracts? - Management emphasized that the company is not defined by a single contract and has the ability to adapt talent to new opportunities, maintaining overall growth momentum [41] Question: What is the outlook for recruiting and retention trends? - Management expressed confidence in continued strong recruiting and retention, noting that Booz Allen is increasingly seen as a destination for top talent [50]
Why Booz Allen Hamilton Shares Are Soaring Today
The Motley Fool· 2024-10-25 15:05
The company posted a strong quarterly beat. Defense IT specialist Booz Allen Hamilton (BAH 11.94%) easily surpassed Wall Street expectations for the quarter and raised full-year guidance. Investors are cheering the news, sending Booz shares up 13% as of 10:45 a.m. ET. A broad-based beat Booz Allen Hamilton provides technology and IT services to military and civil government customers, with a large presence in the intelligence community. The company earned $1.81 per share in its fiscal second quarter ending ...
Booz Allen Hamilton (BAH) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-10-25 13:01
Booz Allen Hamilton (BAH) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.30%. A quarter ago, it was expected that this defense contractor would post earnings of $1.52 per share when it actually produced earnings of $1.38, delivering a surprise of -9.21%.Over the last four quarters ...
Government And Military Contractor Booz Allen Clocks Strong Q2 Performance, Backlog Expands to $41.3B
Benzinga· 2024-10-25 12:19
Booz Allen Hamilton Holding BAH reported fiscal second-quarter adjusted EPS of $1.81, topping the analyst consensus estimate of $1.49. The stock price gained after the print. Quarterly sales of $3.15 billion, up 18% year-on-year, beat the street view of $2.97 billion. The backlog grew by 17.7%, reaching $41.3 billion, while the quarterly book-to-bill ratio stood at 2.61x. Also Read: SAIC's $130B Pipeline Boosts Outlook, Booz Allen Faces Valuation Challenge, Says JP Morgan During the quarter, the company ach ...
Booz Allen Hamilton (BAH) - 2025 Q2 - Quarterly Report
2024-10-25 10:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------ ...
Booz Allen Hamilton (BAH) - 2025 Q2 - Quarterly Results
2024-10-25 10:47
| --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|---------------| | | | | | Booz \| Allen \| Hamilton® | | | | BOOZ ALLEN HAMILTON ANNOUNCES SECOND QUARTER FISCAL 2025 ...
Booz Allen Hamilton Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2024-10-25 08:17
Booz Allen Hamilton Holding Corporation BAH will release earnings results for its third quarter before the opening bell on Friday, Oct. 25.Analysts expect the McLean, Virginia-based bank to report quarterly earnings at $1.49 per share, up from $1.29 per share in the year-ago period. L3Harris Technologies projects to report revenue of $2.97 billion for the recent quarter, compared to $2.61 billion a year earlier, according to data from Benzinga Pro.On Aug. 6, Booz Allen Hamilton said it secured a $506 millio ...
Here's Why Booz Allen Hamilton (BAH) Fell More Than Broader Market
ZACKS· 2024-10-21 23:20
Booz Allen Hamilton (BAH) closed the latest trading day at $163.24, indicating a -0.41% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.18%. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq added 0.27%.Coming into today, shares of the defense contractor had gained 3.81% in the past month. In that same time, the Business Services sector gained 4.62%, while the S&P 500 gained 4.46%.The investment community will be paying close attention to the ...
Booz Allen Hamilton, Fairfax County Officials Celebrate Opening of Lorton Flagship Engineering Facility
Newsfile· 2024-10-17 22:08
Booz Allen Hamilton, Fairfax County Officials Celebrate Opening of Lorton Flagship Engineering FacilityHome of the Warfighter Applications and Rapid Prototyping Center (WARP-C)October 17, 2024 6:08 PM EDT | Source: Fairfax County Economic Development AuthorityFairfax County, Virginia--(Newsfile Corp. - October 17, 2024) - Earlier today, Booz Allen Hamilton and Fairfax County officials gathered to celebrate the opening of Booz Allen's new Flagship Engineering Facility in the Lorton area of Fair ...
Why Booz Allen Hamilton (BAH) is a Top Value Stock for the Long-Term
ZACKS· 2024-10-15 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...