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Dec 31, 2023
CACI Q2 2024 Earnings Report
CACI's Q2 2024 financial performance showed revenue growth and increased contract awards.
Key Takeaways
CACI International Inc. reported an 11.2% increase in revenues, reaching $1.8 billion for the second quarter of fiscal year 2024. Net income was $83.9 million, with diluted EPS at $3.74. The company also raised its fiscal year 2024 guidance for revenue, adjusted net income, adjusted diluted EPS, and free cash flow.
Revenues increased by 11.2% year-over-year, driven by organic growth.
Contract awards totaled $2.2 billion, with 55% for new business.
Fiscal Year 2024 guidance was raised for revenue, adjusted net income, adjusted diluted EPS, and free cash flow.
Total backlog reached $26.9 billion, a 2% increase compared to the previous year.
CACI
CACI
CACI Revenue by Segment
Revenue by Segment
Department of Defense Revenue
CapyFin.comFederal Civilian Agencies Revenue
CapyFin.comCommercial and Other Revenue
CapyFin.comCost-plus-fee Revenue
CapyFin.comFixed-price Revenue
CapyFin.comTime-and-materials Revenue
CapyFin.comPrime Contractor Revenue
CapyFin.comSubcontractor Revenue
CapyFin.comExpertise Revenue
CapyFin.comTechnology Revenue
CapyFin.com Forward Guidance
CACI raised its fiscal year 2024 guidance for revenue, adjusted net income, adjusted diluted EPS, and free cash flow.
Positive Outlook
- Revenue guidance increased to $7.3 - $7.5 billion from $7.2 - $7.4 billion.
- Adjusted net income guidance increased to $450 - $465 million from $440 - $465 million.
- Adjusted diluted earnings per share guidance increased to $19.91 - $20.58 from $19.38 - $20.48.
- Free cash flow guidance increased to at least $420 million from at least $410 million.
- Diluted weighted average shares expected to be 22.6 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income