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Jan 29, 2021
SAIC Q4 2021 Earnings Report
SAIC's Q4 2021 earnings report was released, demonstrating revenue growth and margin expansion.
Key Takeaways
SAIC announced Q4 2021 results with revenues of $1.7 billion, an 11% increase year-over-year. Diluted earnings per share were $1.05, and adjusted diluted earnings per share were $1.67. The company's book-to-bill ratio for the quarter was 0.4.
Revenues for Q4 2021 increased by 11% to $1.7 billion.
Diluted earnings per share for Q4 2021 were $1.05, while adjusted diluted earnings per share were $1.67.
Adjusted EBITDA as a percentage of revenues for Q4 2021 was 9.3%.
Book-to-bill ratio for the fourth quarter was 0.4.
Forward Guidance
SAIC provided its outlook for fiscal year 2022, including expected impacts from the COVID-19 pandemic. The guidance assumes six months of expected negative COVID-19 impact of between $150 million and $200 million in revenue and approximately $10 million to $15 million in adjusted EBITDA. The guidance also assumes that support currently provided under Section 3610 of the CARES Act continues through the end of fiscal year 2022 (January 28, 2022).
Positive Outlook
- Revenue: $7.1 billion to $7.3 billion
- Adjusted EBITDA Margin: 8.6% to 8.8%
- Adjusted Diluted EPS: $6.00 to $6.25
- Free Cash Flow: $430 million to $470 million
- Continued support under Section 3610 of the CARES Act
Challenges Ahead
- Expected negative COVID-19 impact of between $150 million and $200 million in revenue
- Expected negative COVID-19 impact of approximately $10 million to $15 million in adjusted EBITDA
- Guidance assumes six months of COVID-19 impact
Historical Earnings Impact
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Avg. Return Before/After Earnings
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