NASDAQ$SAIC

Science Applications International Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

SAIC's Q4 2020 results reflected strong revenue growth and earnings per share driven by the acquisition of Engility and strong operational performance.

SAIC announced strong Q4 and full fiscal year 2020 results, with a 29% increase in revenue to $1.54 billion and diluted earnings per share of $1.01. The company's performance was driven by the acquisition of Engility and strong operational execution.

  • Q4 revenues reached $1.54 billion, a 29% increase year-over-year.
  • Diluted earnings per share for Q4 were $1.01, with adjusted diluted earnings per share at $1.58.
  • Q4 cash flows from operating activities totaled $69 million.
  • Book-to-bill ratio for Q4 was 1.5.

Headline financials

Total Revenue

$1.54B

Previous: $1.19B+29.2%
EPS (adj)

$1.58

Previous: $1.17+35.0%
Total backlog

$15.3B

No prior period
Capital Expenditures

$7M

Previous: $4M+75.0%
Free Cash Flow

$62M

Previous: $18M+244.4%
Net Income

$60M

Previous: -$9M+766.7%
Operating Income

$88M

Previous: $7M+1157.1%
Gross Profit

$167M

Previous: $122M+36.9%
Cash & Equivalents

$188M

Previous: $237M-20.7%
Total Assets

$4.71B

Previous: $4.56B+3.2%
Stock-Based Comp

$8M

Previous: $21M-61.9%

Revenue & EPS history

SAIC · Revenue · Quarterly

$1.54B

Q4 2020+29.2%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

SAIC believes it is prudent to provide post-quarter clarity and transparency on the company’s liquidity and capital structure. At the completion of the acquisition of Unisys Federal on March 13, 2020, the company had approximately $2.9 billion of long term debt. SAIC has ample liquidity and a strong capital structure to more than adequately service this debt in the context of potential business impacts from the COVID-19 virus.

Tailwinds

  • SAIC has ample liquidity and a strong capital structure to more than adequately service this debt in the context of potential business impacts from the COVID-19 virus.
  • At the close of the Unisys Federal acquisition, SAIC had $155 million of cash on hand
  • SAIC has full access to our $400 million committed revolving credit facility.
  • SAIC is a well-capitalized company
  • SAIC primarily serves the U.S. Federal Government, providing business stability through long term contracts, a flexible cost structure, and a customer whose obligations to pay invoices are backed by full faith and credit of the US Government.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.2%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-0.1%

Avg return

30 days after

54%

31 / 57 earnings

Positive

+16.4%

Q3 2026

Best reaction

-18.4%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.2%+5.3%+4.7%
Q3 2026+16.4%+11.2%+15.6%
Q2 2026-6.8%-9.9%-10.9%
Q1 2026-13.2%-8.8%+1.7%
Q4 2025+7.2%+1.4%+11.4%
Q3 2025-4.7%-6.4%-7.9%
Q2 2025+3.0%+4.4%+12.7%
Q1 2025-12.9%-14.1%-13.6%
Q4 2024-11.2%-11.3%-12.6%
Q3 2024+9.9%+6.5%+2.9%
Q2 2024-4.5%-3.7%-7.7%
Q1 2024+1.7%+4.2%+11.6%
Q4 2023-0.0%+0.4%-7.0%
Q3 2023+5.4%+1.1%-0.4%
Q2 2023+0.9%+1.0%-2.9%
Q1 2023+7.5%+2.1%+6.7%
Q4 2022-0.7%+1.2%-6.7%
Q3 2022-1.0%-3.3%+1.4%
Q2 2022+3.6%+1.1%+2.2%
Q1 2022+2.5%+0.8%-4.7%
Q4 2021-15.6%-12.0%-7.9%
Q3 2021+3.9%+3.5%+0.5%
Q2 2021+0.5%-0.8%-4.3%
Q1 2021-3.2%-2.2%-14.4%
Q4 2020+6.6%+10.9%+26.6%
Q3 2020+0.5%-1.5%+4.5%
Q2 2020-7.1%-9.0%-5.5%
Q1 2020+8.5%+7.1%+11.0%
Q4 2019+5.0%+3.8%+1.0%
Q3 2019+7.1%+6.7%-1.3%
Q2 2019-10.6%-11.5%-18.6%
Q1 2019-8.5%-9.0%-3.3%
Q4 2018+9.3%+12.9%+17.6%
Q3 2018+9.4%+5.7%+6.7%
Q2 2018-18.4%-16.9%-7.3%
Q1 2018-3.3%-7.9%-6.1%
Q4 2017-13.7%-14.4%-15.4%
Q3 2017+8.0%+3.4%+4.2%
Q2 2017+1.8%+1.8%+4.6%
Q1 2017+1.2%-2.1%+4.6%
Q4 2016+12.3%
Q3 2016-0.9%
Q2 2016-12.3%
Q1 2016-4.5%
Q4 2015-6.2%
Q3 2015+2.5%
Q2 2015+1.7%
Q1 2014+12.1%
Q1 2015+12.1%
Q4 2012+7.8%
Q1 2013+7.8%
Q4 2014+10.2%
Q3 2013-7.9%
Q3 2014-5.4%
Q4 2013-0.4%
Q2 2014-0.4%
Q2 2013-0.4%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2010

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