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Dec 31, 2024
CACI Q2 2025 Earnings Report
CACI demonstrated strong financial performance, marked by double-digit revenue growth, increased profitability, healthy cash flow, and growing backlog, further enhanced by strategic acquisitions.
Key Takeaways
CACI International Inc. reported exceptional results for its fiscal 2025 second quarter, with revenues up 14.5% year-over-year to $2.1 billion. Net income increased by 30% to $109.9 million, and diluted EPS rose to $4.88. The company also raised its fiscal year 2025 guidance, driven by higher organic growth expectations.
Revenues increased by 14.5% year-over-year, driven by 8.1% organic growth.
Net income grew by 30% year-over-year, with diluted EPS up by 30%.
Contract awards in the second quarter totaled $1.2 billion, with approximately 45% for new business.
CACI completed acquisitions of Azure Summit Technology and Applied Insight.
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 2025 guidance due to higher organic growth expectations. Revenue is now projected to be between $8.45 billion and $8.65 billion. Adjusted net income is expected to be between $537 million and $557 million, resulting in an adjusted diluted EPS of $23.87 to $24.76. Free cash flow is anticipated to be at least $450 million. The guidance assumes approximately $55 million in tax payments related to Section 174 and an approximately $40 million cash tax refund related to a method change enacted in fiscal year 2021.
Positive Outlook
- Revenue guidance increased to $8.45B - $8.65B (previous $8.37B - $8.57B).
- Adjusted net income guidance increased to $537M - $557M (previous $523M - $543M).
- Adjusted diluted EPS guidance increased to $23.87 - $24.76 (previous $23.24 - $24.13).
- Free cash flow guidance increased to at least $450M (previous at least $445M).
- Driven by higher organic growth expectations.
Challenges Ahead
- Assumes approximately $55 million in tax payments related to Section 174.
- Guidance includes an approximately $40 million cash tax refund related to a method change enacted in fiscal year 2021.
- Forward-looking statements are subject to risk factors that could cause actual results to differ materially.
- Reliance on U.S. government contracts poses risks related to procurement processes and funding changes.
- Potential impact of global pandemics like COVID-19 on business operations and financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income