Financial Data and Key Metrics Changes - The company reported revenue of $2.2 billion for the second quarter, reflecting a year-over-year growth of 5.7%, with 4.5% being organic growth [26] - EBITDA margin increased to 11.8%, a rise of 70 basis points year-over-year [26] - Free cash flow for the quarter was $138 million, driven by strong profitability and effective working capital management [26][28] - Adjusted diluted earnings per share reached $6.81, marking a 14% increase compared to the previous year [27] Business Line Data and Key Metrics Changes - The technology segment has grown to represent nearly 60% of total revenue, with significant contributions from electronic warfare and agile software development [9][13] - Electronic warfare alone generated approximately $2 billion in revenue, showcasing the company's leadership in this area [13] - The company won $1.4 billion in awards during the quarter, resulting in a book-to-bill ratio of 0.65 for the quarter and 1.3 on a trailing 12-month basis [12] Market Data and Key Metrics Changes - 90% of the company's revenue is derived from national security customers, with increasing visibility into funding streams from reconciliation funds [22][23] - The backlog increased by 3% year-over-year to $33 billion, with a funded backlog growth of 7% [34] - The company expects 95% of its revenue for fiscal year 2026 to come from existing programs, indicating strong operational performance [35] Company Strategy and Development Direction - The company emphasizes a strategy focused on expanding national security capabilities and investing ahead of customer needs [7][8] - Recent acquisitions, including ARKA, are part of a strategy to enhance technology-driven growth and expand into critical markets like space [13][39] - The company aims to maintain a flexible capital deployment strategy to support long-term growth and shareholder value [30][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a dynamic operating environment and achieve long-term shareholder value [11][39] - The macro environment remains constructive, with good demand signals from customers despite some unevenness post-government shutdown [22] - The company raised its fiscal 2026 guidance, expecting revenue growth of 8%-10% and free cash flow of at least $725 million [23][31] Other Important Information - The company is strategically positioned to benefit from ongoing acquisition reforms and the shift towards firm-fixed-price contracts [72] - The acquisition of ARKA is expected to increase leverage to 4.3 times net debt to trailing 12-month EBITDA, but management is confident in returning to lower leverage levels post-acquisition [28][30] - The company is actively engaging in the counter-UAS market, which is expected to see significant growth due to increased funding and demand [90][92] Q&A Session Summary Question: Impact of higher U.S. military OPTEMPO on CACI - Management indicated that the current OPTEMPO is favorable for CACI, as it aligns with the demand for mission technology and software-defined solutions [45][46] Question: Pipeline and bid conversion expectations - Management acknowledged a slower ramp-up post-shutdown but expressed confidence in filling the pipeline and returning to pace [49][50] Question: Update on recent protest win - The JTMS protest was denied, allowing the company to ramp up on the program, which is expected to contribute to growth in 2027 and 2028 [58][59] Question: Reconciliation funding impact - Management noted that reconciliation funds are starting to flow, positively impacting border security programs and other areas [62][65] Question: Federal Acquisition Regulation reform - Management stated that the company is well-aligned with acquisition reforms and is positioned to support the government's shift towards more commercial models [68][72] Question: Scalability of ARCA acquisition - The acquisition of ARCA is expected to enhance the company's capabilities in intelligence services and align with long-term growth funding streams [78][82] Question: Addressable market from reconciliation bill - Management highlighted that reconciliation funding will significantly expand the addressable market, particularly in electronic warfare and counter-UAS [89][90] Question: Defense spending growth in 2027 - Management expressed cautious optimism regarding defense spending growth, emphasizing the company's strong market position regardless of budget fluctuations [114][116] Question: Margins and indirect costs - Management attributed strong margins to favorable technology mix and effective management of indirect costs during growth [126][129] Question: Pentagon's reaction to acquisition scale - Management indicated that there have been no barriers to smart acquisitions that support national security, and the company remains focused on driving shareholder value [131][132]

Financial Data and Key Metrics Changes - The company reported revenue of $2.2 billion for the second quarter, representing a year-over-year growth of 5.7%, with 4.5% being organic growth [15] - EBITDA margin for the quarter was 11.8%, an increase of 70 basis points year-over-year [15] - Free cash flow was $138 million for the quarter, driven by strong profitability and effective working capital management [15] - Adjusted diluted earnings per share were $6.81, a 14% increase compared to the previous year [15] - The company raised its fiscal 2026 guidance, now expecting revenue between $9.3 billion and $9.5 billion, reflecting total growth of 7.8%-10.1% [18] Business Line Data and Key Metrics Changes - The technology segment has grown to represent nearly 60% of total revenue, with significant contributions from electronic warfare and agile software development [5][8] - Electronic warfare alone generated approximately $2 billion in revenue, highlighting the company's leadership in this area [8] - The company has won $1.4 billion in awards for the quarter, resulting in a book-to-bill ratio of 0.65 times for the quarter and 1.3 times on a trailing 12-month basis [7] Market Data and Key Metrics Changes - 90% of the company's revenue comes from national security customers, with increasing visibility into funding streams from reconciliation funds [12] - The backlog increased by 3% year-over-year to $33 billion, with a funded backlog increase of 7% [20] - The company expects 95% of its revenue for fiscal year 2026 to come from existing programs, with 3% from recompetes and 2% from new business [21] Company Strategy and Development Direction - The company emphasizes a strategy focused on expanding national security capabilities and investing ahead of customer needs [4][5] - The acquisition of ARCA is seen as a strategic move to enhance the technology portfolio and support long-term growth in the space market [8][14] - The company aims to maintain a flexible and opportunistic capital deployment strategy to drive shareholder value [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a dynamic operating environment and continue delivering strong financial performance [7][22] - The company anticipates that the reconciliation funding will positively impact various programs, particularly in border security and space modernization [42] - Management highlighted the importance of adapting to changing customer demands and the evolving landscape of national security [22][23] Other Important Information - The company has a strong track record of quickly deleveraging after acquisitions, with expectations to return leverage to the low threes within six quarters post-ARCA acquisition [17] - The company is actively engaging in a growing number of bids, with $6 billion of bids under evaluation, over 70% of which are for new business [21] Q&A Session Summary Question: Impact of higher U.S. military operational tempo on CACI - Management indicated that the current operational tempo is favorable for CACI, as it aligns with the demand for mission technology [27][28] Question: Pipeline and conversion cadence - Management acknowledged the slower ramp-up post-government shutdown but expressed optimism about the pipeline filling back up [32] Question: Update on recent protest win - Management confirmed the denial of a protest, allowing the company to ramp up on a significant long-term technology program [40] Question: Impact of reconciliation funding - Management noted that reconciliation funding is expected to positively impact various programs, including border security and space modernization [42] Question: Federal Acquisition Regulation reform - Management stated that the company is aligned with acquisition reform and is well-positioned to support government needs [48][50] Question: Addressable market from reconciliation bill - Management highlighted that reconciliation funding will significantly expand the addressable market, particularly in electronic warfare [61] Question: Defense spending growth in 2027 - Management expressed cautious optimism regarding defense spending growth, emphasizing the company's strong market position regardless of budget fluctuations [82] Question: Incremental program ramp from large contract wins - Management indicated that there remains significant incremental ramp from recent contract wins, with many programs still in early phases [84]

Financial Data and Key Metrics Changes - CACI reported revenue of $2.2 billion for Q2 2026, reflecting a year-over-year growth of 5.7%, with organic growth of 4.5% [15] - EBITDA margin increased by 70 basis points year-over-year to 11.8% [15] - Adjusted diluted earnings per share rose by 14% to $6.81 compared to the previous year [15] - Free cash flow for the quarter was $138 million, driven by strong profitability and effective working capital management [15] Business Line Data and Key Metrics Changes - The technology segment has grown to represent nearly 60% of total revenue, with significant contributions from electronic warfare and agile software development [5][7] - Electronic warfare alone generated approximately $2 billion in revenue [7] - The company won $1.4 billion in awards during the quarter, resulting in a book-to-bill ratio of 0.65 for the quarter and 1.3 on a trailing 12-month basis [6][19] Market Data and Key Metrics Changes - 90% of CACI's revenue comes from national security customers, with a backlog of $33 billion, which increased by 3% year-over-year [12][19] - Funded backlog grew by 7% over the same period [19] - The company expects 95% of its revenue for FY 2026 to come from existing programs, with 3% from recompetes and 2% from new business [19] Company Strategy and Development Direction - CACI's strategy focuses on expanding national security capabilities and investing in technology to meet customer needs [4][5] - The company aims to differentiate itself through software-defined technology and agile development methodologies [11][22] - The recent acquisition of ARCA is part of CACI's strategy to enhance its technology portfolio and position in the space market [13][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a dynamic operating environment and drive long-term shareholder value [6][23] - The company raised its fiscal 2026 guidance, expecting revenue growth of 8%-10% and free cash flow of at least $725 million [12][18] - Management noted that reconciliation funds are beginning to flow, positively impacting border security programs and other areas [42] Other Important Information - CACI's leverage at the end of Q2 was 2.4 times net debt to trailing 12-month EBITDA, expected to rise to 4.3 times post-ARCA acquisition [16][17] - The company has a strong track record of quickly deleveraging after acquisitions [17] Q&A Session Summary Question: What does higher U.S. military op tempo mean for CACI? - Management indicated that the current operational tempo is favorable for CACI, as it aligns with the demand for mission technology that traditional companies may not provide [27][28] Question: How is the pipeline of submitted bids expected to flow? - Management acknowledged that the protracted government shutdown affected the pace of acquisition processes but noted that the pipeline is filling back up [32] Question: Can you provide an update on the recent protest win? - Management confirmed that the JTMS protest was denied, allowing the company to ramp up on the program, which is expected to benefit growth in 2027 and 2028 [40] Question: How does reconciliation funding impact CACI? - Management stated that reconciliation funding is expected to positively impact various programs, including border security and modernization efforts [42] Question: What is the status of the Federal Acquisition Regulation reform? - Management noted that CACI is aligned with the ongoing acquisition reform and is well-positioned to support the government's shift towards more commercial models [48] Question: How does CACI view the competitive landscape with L3Harris? - Management emphasized that CACI continues to see strong demand for its technology and is focused on delivering value, regardless of competitors' actions [66] Question: What is the outlook for defense spending growth in 2027? - Management expressed caution regarding the fiscal year 2027 budget but remains confident in CACI's growth potential within its $300 billion total addressable market [75] Question: What are the drivers behind the strong margins this quarter? - Management attributed the strong margins to favorable technology revenue acceleration and effective management of indirect costs [86]

CACI International Inc Q2 FY26 Earnings Conference Call January 22, 2026 Forward-looking statements There are statements made herein that do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to risk factors that could cause actual results to be materially different from anticipated results. These risk factors include, but are not limited to, the follow ...

Core Viewpoint - U.S. stock futures are trading higher, with several companies expected to report earnings that may attract investor attention today [1] Group 1: Company Earnings Reports - Abbott Laboratories (NYSE:ABT) is expected to report quarterly earnings of $1.50 per share on revenue of $11.81 billion, with shares rising 0.2% to $121.01 in after-hours trading [1] - Kinder Morgan Inc. (NYSE:KMI) reported positive financial results for Q4 and lowered its full-year 2026 adjusted earnings guidance, with a cash dividend of $0.2925 per share for Q4, up 2% year-over-year; shares gained 0.4% to $28.68 [1] - Procter & Gamble Co. (NYSE:PG) is anticipated to post quarterly earnings of $1.86 per share on revenue of $22.28 billion, with shares falling 0.4% to $145.50 in after-hours trading [1] - CACI International Inc. (NYSE:CACI) exceeded earnings expectations for Q2 and raised its FY2026 guidance, with shares increasing 0.8% to $637.71 in after-hours trading [1] - Intel Corp. (NASDAQ:INTC) is expected to report quarterly earnings of 8 cents per share on revenue of $13.38 billion, with shares rising 1.2% to $54.92 in after-hours trading [1]

CACI International (CACI) came out with quarterly earnings of $6.81 per share, beating the Zacks Consensus Estimate of $6.41 per share. This compares to earnings of $5.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.26%. A quarter ago, it was expected that this defense contractor would post earnings of $6.2 per share when it actually produced earnings of $6.85, delivering a surprise of +10.48%.Over the last four quarters ...

Financial Performance - Revenues for the second quarter of fiscal 2026 were $2.2 billion, representing a 5.7% increase year-over-year[1] - Net income was $123.9 million, with diluted EPS of $5.59, up 14.5% compared to the previous year[1] - Adjusted net income reached $150.7 million, and adjusted diluted EPS was $6.81, both up 14.5% year-over-year[1] - EBITDA for the quarter was $262.6 million, resulting in an EBITDA margin of 11.8%[1] - Revenues for the three months ended December 31, 2025, increased by 5.7% to $2,220,097 thousand compared to $2,099,809 thousand for the same period in 2024[18] - Net income for the six months ended December 31, 2025, rose by 8.1% to $248,665 thousand, up from $230,115 thousand in 2024[18] - Basic earnings per share for the three months ended December 31, 2025, increased by 14.5% to $5.61, compared to $4.90 in the prior year[18] - Total revenue for the three months ended December 31, 2025, was $2,220,097, representing a 5.7% increase from $2,099,809 in the same period of 2024[31] - The diluted EPS for the three months ended December 31, 2025, was reported at $5.59, a 14.5% increase from $4.88 in the same period of 2024[35] - The company reported a total of $4,507,720 in revenue for the six months ended December 31, 2025, which is an 8.4% increase from $4,156,698 in the same period of 2024[38] - The EBITDA margin for the three months ended December 31, 2025, was 11.8%, compared to 11.1% in the same period of 2024[38] - The company reported a net income of $123,855 for the three months ended December 31, 2025, which is a 12.7% increase from $109,938 in the same period of 2024[38] Contract Awards and Backlog - Contract awards in the second quarter totaled $1.4 billion, with approximately 70% attributed to new business[7] - Total backlog as of December 31, 2025, was $32.8 billion, a 3.1% increase from the previous year[7] - Funded backlog increased to $4.4 billion, up 7.3% year-over-year[7] - Contract awards for the three months ended December 31, 2025, were $1,441,956, a 23.4% increase from $1,168,955 in the prior year[33] Cash Flow and Guidance - Free cash flow guidance for fiscal year 2026 was increased to at least $725 million, up from at least $710 million[11] - The company expects net cash provided by operating activities for FY26 to be in the range of $810 million, compared to $795 million in the prior guidance[40] - Free cash flow for the three months ended December 31, 2025, was $138,151, up from $66,067 in the same period of 2024[40] - Net cash provided by operating activities for the six months ended December 31, 2025, was $325,260 thousand, compared to $160,703 thousand in 2024[21] Assets and Liabilities - Total current assets as of December 31, 2025, were $2,114,677 thousand, an increase from $1,779,945 thousand as of June 30, 2025[20] - Total liabilities as of December 31, 2025, were $4,795,521 thousand, slightly up from $4,753,653 thousand as of June 30, 2025[20] - Cash and cash equivalents increased to $422,976 thousand as of December 31, 2025, from $106,181 thousand at the beginning of the period[21] - Total shareholders' equity increased to $4,137,768 thousand as of December 31, 2025, from $3,893,945 thousand as of June 30, 2025[20] Acquisition - The company plans to acquire ARKA Group for $2.6 billion, enhancing its technology portfolio in national security[9] Revenue Guidance - Fiscal year 2026 revenue guidance was raised to $9.3 billion - $9.5 billion, up from the previous range of $9.2 billion - $9.4 billion[11]

CACI International Inc (NYSE:CACI) will release earnings results for the fourth quarter, after the closing bell on Wednesday, Jan. 21.Analysts expect the Reston, Virginia-based company to report quarterly earnings at $6.49 per share, up from $5.95 per share in the year-ago period. The consensus estimate for CACI International's quarterly revenue is $2.28 billion, up from $2.1 billion a year earlier, according to data from Benzinga Pro.On Jan. 12, CACI was awarded a $416 million task order to sustain and mod ...

CACI International Inc (NYSE:CACI) will release earnings results for the fourth quarter, after the closing bell on Wednesday, Jan. 21.Analysts expect the Reston, Virginia-based company to report quarterly earnings at $6.49 per share, up from $5.95 per share in the year-ago period. The consensus estimate for CACI International's quarterly revenue is $2.28 billion, up from $2.1 billion a year earlier, according to data from Benzinga Pro.On Jan. 12, CACI was awarded a $416 million task order to sustain and mod ...

Core Insights - CACI International Inc has announced that Meisha Lutsey, the executive vice president of mission and engineering support, has been appointed to the Board of Directors of the Intelligence and National Security Alliance (INSA) [1] Group 1 - INSA represents the collective needs and objectives of the industrial base alongside the intelligence and national security communities [1] - Meisha Lutsey expressed honor in being selected for the Board of Directors and emphasized the importance of INSA's work [1]