Loading...
•
Oct 28, 2022
SAIC Q3 2023 Earnings Report
SAIC's Q3 2023 earnings reflected continued strong performance with momentum in new business capture and on-contract growth.
Key Takeaways
SAIC reported a 1% increase in revenue to $1.91 billion for the third quarter of fiscal year 2023. Diluted earnings per share were $1.45, while adjusted diluted earnings per share reached $1.90. The company also increased its revenue and adjusted diluted EPS guidance for fiscal year 2023.
Net bookings were $2.0 billion, resulting in a book-to-bill ratio of 1.1x for the quarter.
Revenues increased by 1% to $1.91 billion.
Diluted earnings per share were $1.45; adjusted diluted earnings per share was $1.90.
The company increased its 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 approximately $7.6 billion, an adjusted EBITDA margin of approximately 8.9%, adjusted diluted EPS between $7.05 and $7.20, and free cash flow between $500 million and $520 million.
Positive Outlook
- Revenue approximately $7.6 billion
- Adjusted EBITDA Margin approximately 8.9%
- Adjusted Diluted EPS $7.05 to $7.20
- Free Cash Flow $500 million to $520 million