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May 01, 2020
SAIC Q1 2021 Earnings Report
SAIC reported first quarter fiscal year 2021 results, demonstrating revenue growth and strong cash generation.
Key Takeaways
SAIC announced strong first quarter results with an 9% increase in revenues to $1.757 billion and adjusted diluted earnings per share of $1.38. The company's performance reflects the resilience of its market and business model despite the COVID-19 pandemic.
Revenues increased by 9% to $1.757 billion.
Diluted earnings per share were $0.62, and adjusted diluted earnings per share was $1.38.
Net bookings were $1.6 billion, resulting in a book-to-bill ratio of 0.9.
Cash flows from operating activities were $367 million.
Forward Guidance
SAIC provided fiscal year 2021 guidance, including expected impacts from the COVID-19 pandemic.
Positive Outlook
- Revenue between $7.1 billion and $7.3 billion
- Adjusted Diluted EPS between $5.80 and $6.10
- Free Cash Flow to meet or exceed $500 million
- Focused response prioritizes employees' safety and well-being
- Ensuring on-going, high-quality customer performance
Challenges Ahead
- Expected impacts from the COVID-19 pandemic
- Employees and subcontractors unable to access facilities
- Uncertain profit recovery on ready-state labor
- Higher acquisition and integration costs
- Lower current quarter net profit write-ups
Historical Earnings Impact
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Avg. Return Before/After Earnings
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