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Jul 29, 2022
SAIC Q2 2023 Earnings Report
SAIC's second quarter of fiscal year 2023 financial results were announced.
Key Takeaways
SAIC reported revenues of $1.83 billion, approximately flat compared to the prior year. Diluted earnings per share were $1.30, and adjusted diluted earnings per share was $1.75. The company increased its revenue and adjusted diluted EPS guidance for fiscal year 2023.
Net bookings were $2.1 billion, resulting in a book-to-bill of 1.1x for the quarter and 1.0x TTM.
Revenues were $1.83 billion, approximately flat with the prior year.
Diluted earnings per share were $1.30; Adjusted diluted earnings per share was $1.75.
Company increased revenue and adjusted diluted EPS guidance for fiscal year 2023.
SAIC
SAIC
Forward Guidance
SAIC provided fiscal year 2023 guidance, with revenue expected to be between $7.50 billion and $7.55 billion, adjusted EBITDA margin of approximately 8.9%, adjusted diluted EPS between $7.00 and $7.20, and free cash flow between $500 million and $530 million.
Positive Outlook
- Revenue: $7.50 billion to $7.55 billion
- Adjusted EBITDA Margin: Approximately 8.9%
- Adjusted Diluted EPS: $7.00 to $7.20
- Free Cash Flow: $500 million to $530 million