NYSE$CACI
CACI International Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
CACI reported strong Q3 2023 results, marked by double-digit revenue growth and solid profitability.
CACI International Inc. announced its fiscal third quarter results, demonstrating a 10% year-over-year revenue increase to $1.7 billion, driven by organic growth. The company's net income reached $100.7 million, with a diluted EPS of $4.33. CACI is raising its fiscal year 2023 revenue and earnings guidance.
- Revenues increased by 10.1% year-over-year, reaching $1.74 billion.
- Net income was reported at $100.7 million, with a diluted EPS of $4.33.
- Contract awards in the third quarter totaled $1.1 billion, with approximately 50% for new business.
- Total backlog as of March 31, 2023, was $25.3 billion, an 8% increase compared to the previous year.
Headline financials
Revenue & EPS history
CACI · Revenue · Quarterly
$1.74B
Revenue by segment
CACI · $7.4B total across 10 segments · Q1 2024
- Prime Contractor$1.65B+13.7%22.3%
- Dept. of Defense$1.35B+23.5%18.3%
- Cost-Plus-Fee$1.13B+21.4%15.3%
- Technology$972M+11.5%13.1%
- Expertise$878M+19.6%11.9%
- Fixed-Price$502M+4.2%6.8%
- Federal Civilian$407M-3.9%5.5%
- Time & Materials$214M+12.9%2.9%
- Subcontractor$201M+29.2%2.7%
- Commercial & Other$90.5M+4.8%1.2%
Forward guidance
CACI is raising its fiscal year 2023 guidance for Revenue, Adjusted Net Income, and Adjusted EPS.
Tailwinds
- Revenue: $6,675 - $6,750 million (Previous: $6,475 - $6,675 million)
- Adjusted net income: $425 - $440 million (Previous: $420 - $440 million)
- Adjusted diluted earnings per share: $18.09 - $18.72 (Previous: $17.65 - $18.49)
- Diluted weighted average shares: 23.5 million
- Free cash flow: at least $280 million (Previous: at least $320 million)
Headwinds
- Free cash flow guidance reflects the delay of a $40 million tax refund related to the previously-disclosed tax method changes.
- Assumes $95 million in tax payments related to Section 174 of the Tax Cuts and Jobs Act of 2017.
- Reliance on U.S. government contracts and potential termination risks.
- Significant delays or reductions in appropriations for programs.
- Competitive factors such as pricing pressures and competition to hire and retain employees.
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 2023
+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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