CACI(US:CACI)2025-04-23 20:31Financial Performance - Revenues for the third quarter of fiscal year 2025 were $2.2 billion, representing an 11.8% increase year-over-year[1]. - Net income was $111.9 million, with diluted EPS of $5.00, reflecting a 2.5% decrease compared to the previous year[1][4]. - Adjusted net income increased to $139.3 million, with adjusted diluted EPS of $6.23, up 8.5% year-over-year[1][4]. - EBITDA for the quarter was $253.5 million, with an EBITDA margin of 11.7%, up 40 basis points year-over-year[1][4]. - Total revenue for the three months ended March 31, 2025, was $2,166,982, representing an 11.8% increase from $1,937,456 in the same period of 2024[31]. - Prime contractor revenue increased by 12.3% to $1,955,753 for the three months ended March 31, 2025, compared to $1,741,777 in the prior year[31]. - Adjusted net income for the three months ended March 31, 2025, was $139,336, an 8.0% increase from $129,026 in the same period of 2024[37]. - EBITDA for the three months ended March 31, 2025, was $253,505, reflecting a 16.3% increase from $217,971 in the same period of 2024[40]. - Total revenue for the nine months ended March 31, 2025, was $6,323,680, a 12.5% increase from $5,621,537 in the same period of 2024[33]. Guidance and Expectations - Fiscal year 2025 revenue guidance was raised to $8.55 billion - $8.65 billion, up from the prior guidance of $8.45 billion - $8.65 billion[1][11]. - Free cash flow guidance for fiscal year 2025 was increased to at least $465 million, up from at least $450 million[1][12]. - The company expects adjusted net income guidance for FY25 to be between $543 million and $557 million[37]. Contract Awards and Backlog - Contract awards totaled $2.5 billion, with over 60% attributed to new business, resulting in a book-to-bill ratio of 1.2x[1][7]. - Total backlog as of March 31, 2025, was $31.4 billion, a 9.8% increase from $28.6 billion a year ago[1][7]. - Funded backlog increased by 31.3% to $4.2 billion compared to $3.2 billion the previous year[1][7]. - Contract awards for the three months ended March 31, 2025, decreased by 29.4% to $2,473,753 from $3,503,358 in the same period of 2024[35]. - CACI was awarded a seven-year task order valued at up to $434 million for digital financial management solutions, highlighting ongoing market expansion efforts[1][8]. Income and Expenses - Net income for the nine months ended March 31, 2025, rose by 19.9% to $341,975 thousand, up from $285,267 thousand in the prior year[19]. - Operating income for the nine months ended March 31, 2025, increased by 23.4% to $557,508 thousand, compared to $451,958 thousand in the same period of 2024[19]. - The company reported a 63.1% increase in interest expense for the three months ended March 31, 2025, totaling $45,117 thousand, compared to $27,668 thousand in the prior year[19]. - Basic earnings per share decreased by 2.9% to $5.02 for the three months ended March 31, 2025, compared to $5.17 in the same period last year[19]. Assets and Liabilities - Total assets increased to $8,580,078 thousand as of March 31, 2025, compared to $6,796,101 thousand as of June 30, 2024[21]. - The company’s total liabilities increased to $4,875,632 thousand as of March 31, 2025, from $3,277,894 thousand as of June 30, 2024[21]. - Cash and cash equivalents at the end of the period were $223,897 thousand, up from $159,226 thousand a year earlier[23]. - Capital expenditures for the nine months ended March 31, 2025, were $37,640 thousand, slightly down from $41,091 thousand in the same period last year[23]. Revenue Sources - The Department of Defense accounted for 76.3% of total revenues in the three months ended March 31, 2025, generating $1,652,206 thousand, a 13.8% increase from $1,452,264 thousand in the same period last year[25]. - Technology revenue for the three months ended March 31, 2025, increased by 17.0% to $1,193,945 from $1,020,501 in the same period of 2024[33].