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Aug 02, 2024

SAIC Q2 2025 Earnings Report

Reported solid second quarter results driven by strong program performance and exceptional cash flow.

Key Takeaways

SAIC announced solid results for the second quarter of fiscal year 2025, with revenues of $1.82 billion, reflecting 2% organic growth. The company reported a net income of $81 million and an adjusted EBITDA of $170 million, representing 9.4% of revenues. Diluted earnings per share were $1.58, while adjusted diluted earnings per share reached $2.05. SAIC generated $138 million in cash flows from operating activities and $241 million in free cash flow. The company's net bookings amounted to $1.2 billion, resulting in a book-to-bill ratio of 0.6. SAIC increased its Adjusted Diluted EPS fiscal year 2025 guidance to $8.10 - $8.30 and reaffirmed all other fiscal year 2025 financial guidance.

Revenues reached $1.82 billion, demonstrating 2% organic growth.

Net income was reported at $81 million, with an adjusted EBITDA of $170 million, or 9.4% of revenues.

Diluted earnings per share were $1.58, and adjusted diluted earnings per share was $2.05.

Free cash flow was $241 million.

Net bookings totaled $1.2 billion, resulting in a book-to-bill ratio of 0.6.

Total Revenue
$1.82B
Previous year: $1.78B
+1.9%
EPS
$2.05
Previous year: $2.05
+0.0%
Total Backlog
$22.9B
Previous year: $22.5B
+1.8%
Gross Profit
$210M
Previous year: $216M
-2.8%
Cash and Equivalents
$48M
Previous year: $352M
-86.4%
Free Cash Flow
$241M
Previous year: $144M
+67.4%
Total Assets
$5.25B
Previous year: $5.67B
-7.4%

SAIC

SAIC

Forward Guidance

Management is increasing Adjusted Diluted EPS fiscal year 2025 guidance to $8.10 - $8.30 from $8.00 - $8.20, reaffirms all other fiscal year 2025 guidance which represents the Company's views as of September 5, 2024.