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Oct 29, 2021
SAIC Q3 2022 Earnings Report
SAIC reported strong Q3 2022 results with revenue increase and raised fiscal year 2022 guidance.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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