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Apr 29, 2022
SAIC Q1 2023 Earnings Report
Reported an increase in revenues and adjusted diluted EPS, and authorized a share repurchase program.
Key Takeaways
SAIC announced its Q1 Fiscal Year 2023 results, with revenues increasing to $2.0 billion, a 6% total revenue growth. Diluted earnings per share were reported at $1.29, and adjusted diluted earnings per share at $1.88. The company increased revenue and adjusted diluted EPS guidance for fiscal year 2023 and authorized a share repurchase program up to 8.8 million shares.
Revenues increased to $2.0 billion; 6% total revenue growth, approximately 4% growth excluding acquired revenues
Diluted earnings per share: $1.29; Adjusted diluted earnings per share: $1.88
Company increases revenue and adjusted diluted EPS guidance for fiscal year 2023
Board authorizes share repurchase program up to 8.8 million shares, representing 16% of shares outstanding
SAIC
SAIC
Forward Guidance
The table below summarizes fiscal year 2023 guidance and represents our views as of June 6, 2022.
Positive Outlook
- Revenue $7.43 billion to $7.55 billion
- Adjusted EBITDA Margin Approximately 8.9%
- Adjusted Diluted EPS $6.90 to $7.20
- Free Cash Flow $500 million to $530 million