SAIC Q4 2020 Earnings Report
Key Takeaways
SAIC announced strong Q4 and full fiscal year 2020 results, with a 29% increase in revenue to $1.54 billion and diluted earnings per share of $1.01. The company's performance was driven by the acquisition of Engility and strong operational execution.
Q4 revenues reached $1.54 billion, a 29% increase year-over-year.
Diluted earnings per share for Q4 were $1.01, with adjusted diluted earnings per share at $1.58.
Q4 cash flows from operating activities totaled $69 million.
Book-to-bill ratio for Q4 was 1.5.
SAIC
SAIC
Forward Guidance
SAIC believes it is prudent to provide post-quarter clarity and transparency on the company’s liquidity and capital structure. At the completion of the acquisition of Unisys Federal on March 13, 2020, the company had approximately $2.9 billion of long term debt. SAIC has ample liquidity and a strong capital structure to more than adequately service this debt in the context of potential business impacts from the COVID-19 virus.
Positive Outlook
- SAIC has ample liquidity and a strong capital structure to more than adequately service this debt in the context of potential business impacts from the COVID-19 virus.
- At the close of the Unisys Federal acquisition, SAIC had $155 million of cash on hand
- SAIC has full access to our $400 million committed revolving credit facility.
- SAIC is a well-capitalized company
- SAIC primarily serves the U.S. Federal Government, providing business stability through long term contracts, a flexible cost structure, and a customer whose obligations to pay invoices are backed by full faith and credit of the US Government.