CACI(US:CACI)2026-01-22 18:14Revenue Performance - Revenues for the three months ended December 31, 2025, were $2,220,097, representing a 5.7% increase from $2,099,809 in the same period of 2024[79] - Revenues for the six months ended December 31, 2025, reached $4,507,720, an 8.4% increase compared to $4,156,698 in 2024[79] - The Department of Defense (DoD) revenues for the three months ended December 31, 2025, were $1,152,152, a 3.0% increase from $1,118,987 in 2024[80] - Federal civilian agencies revenues increased by 19.9% to $438,632 for the three months ended December 31, 2025, compared to $365,742 in 2024[80] - The company achieved organic growth of 4.5% and 5.0% for the three and six months ended December 31, 2025, respectively[79] - Approximately 3.4% of the company's total revenues during the six months ended December 31, 2025, were generated from international operations[100] Cost and Efficiency - Direct costs as a percentage of revenue were 67.3% for the three months ended December 31, 2025, compared to 66.8% in 2024[81] - Indirect costs and selling expenses as a percentage of revenue decreased to 20.9% for the three months ended December 31, 2025, from 22.2% in 2024, indicating cost efficiencies[83] Net Income and Tax - Net income for the three months ended December 31, 2025, was $123,855, reflecting a 12.7% increase from $109,938 in 2024[79] - The company's effective income tax rate was 23.3% for the three months ended December 31, 2025, compared to 19.9% for the same period in 2024[86] - Interest expense increased due to higher outstanding debt balances, offset by lower interest rates[85] Financial Position and Backlog - As of December 31, 2025, the company's total backlog was $32.8 billion, an increase of 3.1% from $31.8 billion a year ago[87] - Funded backlog as of December 31, 2025, was $4.4 billion, representing contract value for which funding has been appropriated[93] - Net cash provided by operating activities increased by $164.6 million for the six months ended December 31, 2025, compared to the same period in 2024, totaling $325.3 million[94] - Net cash used in investing activities decreased by $1,571.3 million for the six months ended December 31, 2025, primarily due to higher cash used in acquisitions in the prior year[95] Financing Activities - The company has a $3,250.0 million senior secured credit facility, which includes a $1,250.0 million term loan facility[90] - The company entered into a commitment letter for a senior secured bridge loan facility of up to $1,300.0 million in connection with the ARKA Group L.P. acquisition[92] - The company has entered into floating-to-fixed interest rate swap agreements for an aggregate notional amount of $900.0 million to manage interest rate fluctuations[99] Market Outlook - The company anticipates a stable-to-higher U.S. government budget environment, particularly in national security-related areas[77] - The total addressable market for the company's offerings is expected to continue to grow, with approximately 77% of revenue coming from defense-related customers[76]