U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.5% on Thursday. The Dow traded down 0.36% to 40,828.19 while the NASDAQ rose 0.53% to 17,174.66. The S&P 500 also fell, dropping, 0.08% to 5,515.76. Check This Out: How To Earn $500 A Month From Smith & Wesson Brands Stock Ahead Of Q1 Earnings Report Leading and Lagging Sectors Consumer discretionary shares climbed by 1.4% on Thursday. In trading on Thursday, health care shares fell by 1.2%. Top Headline Science A ...

Key Takeaways Science Applications International Corporation, or SAIC, exceeded profit and sales forecasts on increased contract volume. The government and defense technology provider also raised its full-year EPS guidance. Free cash flow rose 67% year-over-year. Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased. SAIC ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | FINANCIAL RESULTS | | | | | | | FY25 2Q | | | | | | | SUPPLEMENTAL FINANCIAL PRESENTATION September 5, 2024 | | | | | | | | | | | | | Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," " ...

SAIC (SAIC) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.22%. A quarter ago, it was expected that this information technology company would post earnings of $1.93 per share when it actually produced earnings of $1.92, delivering a surprise of -0.52%. Over the last four quarters, ...

Revenues of $1.82 billion; 2% organic growth Net income of $81 million; Adjusted EBITDA(1) of $170 million or 9.4% of revenues Diluted earnings per share of $1.58; Adjusted diluted earnings per share(1) of $2.05 Cash flows provided by operating activities of $138 million; free cash flow(1) of $241 million Net bookings of $1.2 billion; book-to-bill ratio of 0.6; trailing twelve months book-to-bill ratio of 1.1 Company increases Adjusted Diluted EPS(1) Fiscal Year 2025 guidance to $8.10 - $8.30 and reaffirms ...

Financial Performance - Revenues for Q2 FY2025 were $1.82 billion, reflecting a 2% organic growth compared to the same period last year[1]. - Net income decreased to $81 million, while adjusted EBITDA was $170 million, representing 9.4% of revenues[1][3]. - Diluted earnings per share (EPS) were $1.58, down 65% from $4.56 in the prior year quarter; adjusted diluted EPS remained at $2.05[3]. - Operating income as a percentage of revenues decreased to 7.4% from 20.3% in the prior year, primarily due to contract completions[3]. - The company reported a net income of $81 million for the three months ended August 2, 2024, down from $247 million in the same period last year[17]. - Net income for the three months ended August 2, 2024, was $81 million, down 67.2% from $247 million for the same period last year[25]. - Adjusted EBITDA for the three months ended August 2, 2024, was $170 million, representing 9.4% of revenues, compared to $174 million and 9.8% of revenues for the same period last year[25]. - Total revenues for the six months ended August 2, 2024, were $3,665 million, a decrease of 3.8% from $3,812 million for the same period last year[25]. - Net income for the six months ended August 2, 2024, was $205 million, compared to $227 million for the same period in 2023, reflecting a decrease of approximately 9.7%[33]. - Diluted EPS for the six months ended August 2, 2024, was $3.97, down from $4.19 in the prior year, representing a decline of about 5.3%[34]. Cash Flow and Liquidity - Free cash flow increased by 67% to $241 million compared to $144 million in the prior year[2][5]. - Net cash provided by operating activities for the quarter was $138 million, compared to $150 million in the prior year[17]. - Free cash flow for the three months ended August 2, 2024, was $241 million, an increase from $144 million in the same period last year, marking a growth of approximately 67.4%[35]. - Transaction-adjusted free cash flow for the three months ended August 2, 2024, was $241 million, compared to $143 million in the prior year, indicating a rise of about 68.5%[35]. - The company expects net cash provided by operating activities to be between $520 million and $540 million for the upcoming period[36]. - Projected free cash flow is estimated to be between $490 million and $510 million, reflecting strong operational performance[36]. Backlog and Bookings - Net bookings for the quarter were approximately $1.2 billion, resulting in a book-to-bill ratio of 0.6 and a trailing twelve months book-to-bill ratio of 1.1[7]. - The estimated backlog at the end of the quarter was approximately $22.9 billion, with $4.2 billion funded[7]. - The total backlog as of August 2, 2024, was $22,899 million, consisting of $4,237 million in funded backlog and $18,662 million in negotiated unfunded backlog[23]. Segment Performance - Operating income for the Defense and Intelligence segment was $107 million, with an operating income margin of 7.6%[18][20]. - The Civilian segment reported revenues of $403 million, also reflecting a 2% increase compared to the prior year[22]. Guidance and Future Outlook - The company increased its adjusted diluted EPS guidance for FY2025 to $8.10 - $8.30, reaffirming all other financial guidance[9]. - The company plans to continue focusing on cash flow trends and liquidity measures to enhance financial performance and shareholder value[35]. - The company is committed to optimizing its facilities and managing long-lived asset impairments as part of its restructuring strategy[34]. Other Financial Metrics - Cash flows from operating activities decreased by $12 million compared to the prior year, mainly due to higher cash used from the Master Accounts Receivable Purchase Agreement[5]. - Total current liabilities increased to $1,292 million from $1,158 million year-over-year[16]. - Principal payments on borrowings for the quarter amounted to $296 million, compared to $100 million in the prior year[17]. - The company experienced a decrease in cash and cash equivalents to $56 million at the end of the period, down from $361 million[17]. - Operating loss in the Corporate segment increased to $7 million, primarily due to the prior year gain from divestiture[22]. - The company incurred restructuring and impairment costs of $5 million for the three months ended August 2, 2024[31]. - The EBITDA margin for the six months ended August 2, 2024, was 9.2%, compared to 15.6% for the same period last year[25]. - The company reported interest expense of $35 million for the three months ended August 2, 2024, compared to $31 million for the same period last year[25]. - The company reported a loss on divestitures of $234 million for the three months ended August 4, 2023[25]. - Acquisition and integration costs for the six months ended August 2, 2024, amounted to $4 million, while restructuring and impairment costs were $6 million[33]. - The company reported a significant gain on divestitures, net of transaction costs, amounting to $240 million for the six months ended August 4, 2023[34].

RESTON, Va., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) announced today that the company's board of directors declared a cash dividend of $0.37 per share of the company's common stock payable on October 25, 2024 to stockholders of record on October 11, 2024. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financ ...

The market expects SAIC (SAIC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Septe ...

RESTON, Va., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its second quarter fiscal year 2025 results before market open on Thursday, September 5, 2024. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company's earnings press release. The conference call will be webcast simultaneously to the public through a link on the Investors ...

Science Applications (SAIC) recently secured three new contracts worth $58.2 million from the U.S. Navy. The first contract is on Jammer Technique Optimization (JATO), where SAIC will provide engineering support to the U.S. Navy's JATO Program, which is part of the PMA-234 Advanced Development Integrated Product Team. In the JATO contract, SAIC will improve the U.S. Navy's data collection and processing capabilities and also execute jammer optimization. Science Applications will enable the U.S. Navy to enha ...