NASDAQ$SAIC
Science Applications International Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
SAIC's Q4 2023 financial results showcased revenue growth and improved profitability.
SAIC reported a 10% increase in Q4 2023 revenues, reaching $1.97 billion, driven by additional working days and contract ramp-up. Diluted earnings per share increased to $1.34, and adjusted diluted earnings per share was $2.04. The company's strategic portfolio actions and new business development are expected to drive future growth.
- Q4 2023 revenues reached $1.97 billion, a 10% increase year-over-year.
- Diluted earnings per share for Q4 2023 was $1.34, up from $0.76 in the prior year quarter.
- Adjusted diluted earnings per share for Q4 2023 was $2.04, compared to $1.50 in the prior year quarter.
- Net bookings for the quarter were approximately $1.3 billion, resulting in a book-to-bill ratio of approximately 0.7.
Headline financials
Revenue & EPS history
SAIC · Revenue · Quarterly
$1.97B
Forward guidance
SAIC provided fiscal year 2024 guidance, projecting revenue between $7.05B and $7.20B, adjusted EBITDA margin of 9.2% - 9.4%, adjusted diluted EPS between $6.80 and $7.00, and free cash flow between $460M and $480M. The guidance reflects the Logistics & Supply Chain Management (L&SCM) divestiture, deconsolidation of Forfeiture Support Associates joint venture and inclusion of impact from Section 174 of the Internal Revenue Code on cash tax payments.
Tailwinds
- Midpoint of fiscal year 2024 guidance reflects ~3% pro-forma organic revenue growth.
- 50 bps of adjusted EBITDA margin expansion compared to fiscal year 2023.
- 10% pro-forma free cash flow growth compared to fiscal year 2023.
Headwinds
- Fiscal year 2024 guidance reflects Logistics & Supply Chain Management (L&SCM) divestiture.
- Deconsolidation of Forfeiture Support Associates joint venture.
- Inclusion of impact from Section 174 of the Internal Revenue Code on cash tax payments.
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 2023
+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
| Quarter | Report date | Reaction (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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