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Jul 30, 2021
SAIC Q2 2022 Earnings Report
SAIC's revenue and earnings per share increased, driven by organic growth and record profitability.
Key Takeaways
SAIC announced its Q2 Fiscal Year 2022 results, with revenues increasing to $1.8 billion and diluted earnings per share increasing to $1.41. The company also raised its revenue, adjusted EBITDA margin, and adjusted diluted EPS guidance for fiscal year 2022.
Revenues increased to $1.8 billion, a 4.1% total revenue growth.
Diluted earnings per share increased to $1.41; Adjusted diluted earnings per share increased to $1.97.
Net bookings of $1.6 billion; Book-to-bill ratio of 0.9 for the second quarter.
Company raises revenue, adjusted EBITDA margin and adjusted diluted EPS guidance for fiscal year 2022.
Forward Guidance
The Company is updating previously provided fiscal year 2022 guidance. The guidance assumes expected negative COVID-19 impact of approximately $125 million in revenue and approximately $10 million in adjusted EBITDA. The guidance also assumes that support currently provided under Section 3610 of the CARES Act continues through the end of fiscal year 2022 (January 28, 2022).
Positive Outlook
- Revenue: $7.30 billion - $7.40 billion
- Adjusted EBITDA Margin: 8.9% to 9.0%
- Adjusted Diluted EPS: $6.50 - $6.70
- Free Cash Flow: $430 million to $470 million
- Assumes support currently provided under Section 3610 of the CARES Act continues through the end of fiscal year 2022 (January 28, 2022).
Challenges Ahead
- Assumes expected negative COVID-19 impact of approximately $125 million in revenue
- Assumes expected negative COVID-19 impact of approximately $10 million in adjusted EBITDA
- Estimates of future revenues are subject to risks, uncertainties and assumptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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