CACI International Inc · Q3 2022 earnings

Briefing

CACI delivered revenue growth, healthy profitability, and robust cash flow

CACI International Inc reported a 2.1% increase in revenue, driven by acquisitions, with a net income of $95.4 million and diluted EPS of $4.04. The company's contract awards totaled $1.2 billion, and free cash flow was robust.

• Revenues in Q3 FY22 increased 2 percent year-over-year driven by acquisitions completed earlier this fiscal year, partially offset by a 2 percent organic decline as a result of short-term funding headwinds.
• Contract awards in Q3 FY22 totaled $1.2 billion, with approximately 45 percent for new business to CACI.
• Total backlog as of March 31, 2022 was $23.5 billion compared with $22.3 billion a year ago, an increase of 5 percent.
• Funded backlog as of March 31, 2022 was $2.8 billion compared with $3.0 billion a year ago, a decrease of 7 percent.

Headline financials

Revenue & EPS history

CACI provided its FY22 guidance, with revenues expected to be between $6.2 billion and $6.25 billion, adjusted net income between $415 million and $425 million, adjusted diluted earnings per share between $17.51 and $17.93, and free cash flow of at least $720 million.