CACI Q4 2021 Earnings Report
Key Takeaways
CACI International Inc. reported a strong fourth quarter for fiscal year 2021, with revenue increasing by 4.6% to $1.564 billion and net income increasing by 46.1% to $137.0 million. The increase in net income was primarily due to a lower effective tax rate. The company issued FY22 guidance, expecting continued organic growth, margin expansion, and strong cash flow.
Revenue increased by 4.6% year-over-year to $1.564 billion.
Net income increased by 46.1% year-over-year to $137.0 million.
Diluted earnings per share increased by 56.1% year-over-year to $5.74.
Contract awards in Q4 FY21 totaled $3.6 billion, with approximately 40% for new business to CACI.
CACI
CACI
CACI Revenue by Segment
Forward Guidance
CACI expects continued organic growth, margin expansion, and strong cash flow in Fiscal Year 2022.
Positive Outlook
- Revenue between $6.2 billion and $6.4 billion
- Adjusted net income between $430 million and $450 million
- Adjusted diluted earnings per share between $18.00 and $18.83
- Free cash flow of at least $720 million
- Includes estimated tax refund of $230 million related to certain tax elections, as well as payroll tax deferral repayment of approximately $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income