NYSE$CACI
CACI International Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
CACI reported solid organic growth, strong profitability, and robust cash flow.
CACI International Inc. reported a 5.9% increase in revenue to $1.6 billion and a 49.4% increase in net income to $120.3 million for its fiscal 2021 third quarter. Contract awards totaled $1.6 billion. The company updated its fiscal year 2021 guidance, lowering revenue expectations and raising net income and diluted earnings per share guidance.
- Delivered solid organic growth, strong profitability, and robust cash flow.
- Executed long-term strategy of offering differentiated and distinctive technology.
- Focused on customers’ critical national security and IT modernization priorities.
- Contract awards in Q3 FY21 totaled $1.6 billion, approximately 60% for new business.
Headline financials
Revenue & EPS history
CACI · Revenue · Quarterly
$1.55B
Revenue by segment
CACI · $6.21B total across 10 segments · Q3 2021
- Prime Contractor$1.4B+4.3%22.6%
- Dept. of Defense$1.07B+3.5%17.3%
- Cost-Plus-Fee$906M—14.6%
- Technology$787M—12.7%
- Expertise$764M—12.3%
- Fixed-Price$457M+12.7%7.4%
- Federal Civilian$406M+12.3%6.5%
- Time & Materials$189M-8.7%3.0%
- Subcontractor$150M+23.9%2.4%
- Commercial & Other$72M+7.4%1.2%
Forward guidance
CACI updated its fiscal year 2021 guidance, lowering revenue expectations due to greater than expected impact from COVID-19 and raising net income and diluted earnings per share guidance to reflect strong operating performance, lower program and indirect expenses, and certain tax benefits.
Tailwinds
- Effective tax rate of between 8% and 9% driven by higher R&D tax credits.
- Material tax benefit expected to realize in fiscal fourth quarter.
- Reduced share count driven by accelerated share repurchase.
- Net income between $450 million - $460 million.
- Diluted earnings per share between $18.00 - $18.40.
Headwinds
- Greater than expected impact from COVID-19.
- Travel restrictions.
- Reduction in government processing of deployment orders.
- Delays in task orders.
- Lowering FY21 revenue guidance.
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 Q3 2021
+1.1%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.1%
Avg return
30 days after
63%
42 / 67 earnings
Positive
+14.7%
Q2 2016
Best reaction
-16.2%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.8% | -0.7% | -2.3% | |
| Q2 2026 | +3.6% | +1.7% | -7.4% | |
| Q1 2026 | +12.3% | +10.1% | +15.3% | |
| Q3 2025 | +7.9% | +6.1% | +9.0% | |
| Q2 2025 | -9.3% | -15.7% | -29.7% | |
| Q1 2025 | +5.6% | +4.7% | -10.4% | |
| Q4 2024 | +3.1% | +3.7% | +4.5% | |
| Q3 2024 | +5.1% | +5.9% | +12.2% | |
| Q2 2024 | -1.6% | +1.3% | +8.7% | |
| Q1 2024 | +1.4% | -1.6% | +0.7% | |
| Q4 2023 | -3.2% | -3.7% | -10.4% | |
| Q3 2023 | +2.8% | +4.0% | -2.4% | |
| Q2 2023 | +5.2% | +4.5% | +2.9% | |
| Q1 2023 | +5.9% | +9.2% | +11.8% | |
| Q4 2022 | -2.6% | +1.4% | -1.0% | |
| Q3 2022 | -4.9% | -5.6% | +1.0% | |
| Q2 2022 | -8.9% | -7.4% | -0.5% | |
| Q1 2022 | -1.4% | +2.6% | -4.9% | |
| Q4 2021 | +0.1% | +0.8% | +1.0% | |
| Q3 2021 | -1.3% | -3.2% | -1.8% | |
| Q2 2021 | -2.4% | -5.3% | -12.4% | |
| Q1 2021 | +0.6% | +6.9% | +19.7% | |
| Q4 2020 | +5.8% | +8.0% | +4.5% | |
| Q3 2020 | +0.4% | +2.1% | +0.7% | |
| Q2 2020 | +4.0% | +1.2% | -9.0% | |
| Q1 2020 | +0.1% | +0.1% | +7.1% | |
| Q4 2019 | -3.8% | -0.8% | +2.4% | |
| Q3 2019 | +4.0% | +4.9% | +4.4% | |
| Q2 2019 | +6.0% | +9.3% | +16.9% | |
| Q1 2019 | -0.8% | -1.0% | -5.5% | |
| Q4 2018 | +4.5% | +4.2% | +8.1% | |
| Q3 2018 | +1.7% | +5.3% | +11.0% | |
| Q2 2018 | +7.0% | +1.4% | +6.9% | |
| Q1 2018 | -7.2% | -10.9% | -8.9% | |
| Q4 2017 | -1.8% | -2.9% | +1.8% | |
| Q3 2017 | +8.0% | +7.0% | +5.8% | |
| Q2 2017 | +7.1% | +5.4% | +2.1% | |
| Q1 2017 | -1.6% | -3.0% | +27.4% | |
| Q4 2016 | +2.5% | +4.5% | +3.0% | |
| Q3 2016 | -9.7% | — | — | |
| Q2 2016 | +14.7% | — | — | |
| Q1 2016 | +13.2% | — | — | |
| Q4 2015 | +2.3% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | +10.3% | — | — | |
| Q4 2014 | +1.2% | — | — | |
| Q3 2014 | +4.5% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | -4.4% | — | — | |
| Q1 2013 | +9.0% | — | — | |
| Q4 2012 | -5.9% | — | — | |
| Q3 2012 | -16.2% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2012 | -8.0% | — | — | |
| Q4 2009 | +5.7% | — | — | |
| Q4 2011 | +5.7% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q1 2010 | +1.2% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | +1.2% | — | — |
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