SAIC Q3 2022 Earnings Report
Key Takeaways
SAIC announced its Q3 2022 results, with revenues increasing to $1.9 billion, a 4.4% total revenue growth. Diluted earnings per share increased to $1.22, and adjusted diluted earnings per share increased to $1.85. The company raised revenue, adjusted EBITDA margin, adjusted diluted EPS, and free cash flow guidance for fiscal year 2022.
Revenues increased to $1.9 billion, representing a 4.4% total revenue growth.
Diluted earnings per share increased to $1.22.
Adjusted diluted earnings per share increased to $1.85.
Company raised revenue, adjusted EBITDA margin, adjusted diluted EPS, and free cash flow guidance for fiscal year 2022.
SAIC
SAIC
Forward Guidance
SAIC updated its fiscal year 2022 guidance, expecting a negative COVID-19 impact of approximately $125 million in revenue and approximately $10 million in adjusted EBITDA.
Positive Outlook
- Revenue: $7.35 billion - $7.40 billion
- Adjusted EBITDA Margin: 9.0% to 9.1%
- Adjusted Diluted EPS: $6.75 - $6.95
- Free Cash Flow: $450 million - $470 million
Challenges Ahead
- Expected negative COVID-19 impact of approximately $125 million in revenue
- Expected negative COVID-19 impact of approximately $10 million in adjusted EBITDA