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Jun 30, 2024
CACI Q4 2024 Earnings Report
CACI's Q4 2024 financial performance was strong, marked by organic growth, significant contract awards, and a substantial increase in backlog.
Key Takeaways
CACI International Inc. reported strong Q4 2024 results, with a 19.7% increase in revenues driven by organic growth. The company secured significant contract awards totaling $5.4 billion and experienced a 22% increase in backlog, reaching $32 billion. Diluted earnings per share increased by 27.8% and adjusted diluted earnings per share increased by 24.7%.
Revenues increased by 19.7% year-over-year, driven by 18.5% organic growth.
Contract awards totaled $5.4 billion, with nearly 70% for new business.
Backlog increased by 22% to $31.6 billion.
Diluted earnings per share increased to $5.98, and adjusted diluted earnings per share increased to $6.61.
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 provided fiscal year 2025 guidance, including revenue between $7.9 billion and $8.1 billion, adjusted net income between $505 million and $525 million, adjusted diluted earnings per share between $22.44 and $23.33, and free cash flow of at least $425 million.
Positive Outlook
- Revenue between $7.9 billion and $8.1 billion
- Adjusted net income between $505 million and $525 million
- Adjusted diluted earnings per share between $22.44 and $23.33
- Diluted weighted average shares of 22.5 million
- Free cash flow of at least $425 million
Challenges Ahead
- Assumes approximately $55 million in tax payments related to Section 174 of the Tax Cuts and Jobs Act of 2017.
- Assumes an approximately $40 million cash tax refund related to method change enacted in fiscal year 2021.
- Guidance is based on views as of August 7, 2024.
- Non-GAAP measures should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP.
- Free cash flow does not represent residual cash flows available for discretionary purposes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income