CACI Q4 2020 Earnings Report
Key Takeaways
CACI International Inc. reported a strong fourth quarter for fiscal year 2020, with revenue increasing by 8.9% and net income increasing by 87.3%. The company also saw double-digit growth in contract awards and backlog.
Revenue increased 9% year-over-year as reported and 8% organically.
Operating income increased due to higher revenue.
Net income increased due to higher operating income and lower interest expense.
Contract awards totaled $3.4 billion.
CACI
CACI
CACI Revenue by Segment
Forward Guidance
CACI provided FY21 guidance, including the acquisition of Ascent Vision Technologies, LLC (AVT) and assuming continued impact from COVID-19 through December 31, 2020 and that support currently provided under Section 3610 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is extended through that period.
Revenue & Expenses
Visualization of income flow from segment revenue to net income