NYSE$CACI
CACI International Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
CACI's Q3 2024 performance showcased double-digit organic growth, margin expansion, significant contract awards, and a record backlog, leading to raised fiscal year 2024 revenue and earnings guidance.
CACI International Inc. reported strong third-quarter results with an 11% increase in revenues to $1.9 billion and a net income of $115.4 million. The company's performance was driven by organic growth, margin expansion, and significant contract awards, leading to raised fiscal year 2024 revenue and earnings guidance.
- Revenues reached $1.9 billion, marking an 11% year-over-year increase.
- Net income was reported at $115.4 million, with diluted EPS of $5.13, reflecting an 18% year-over-year growth.
- Contract awards totaled $3.5 billion, resulting in a book-to-bill ratio of 1.8x.
- EBITDA margin expanded to 11.3%, a 200 basis point increase sequentially.
Headline financials
Revenue & EPS history
CACI · Revenue · Quarterly
$1.94B
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 raised its fiscal year 2024 guidance, projecting revenues between $7.5 billion and $7.6 billion, adjusted net income between $455 million and $465 million, adjusted diluted earnings per share between $20.13 and $20.58, and free cash flow of at least $420 million.
Tailwinds
- Revenue guidance increased to $7.5 - $7.6 billion from $7.3 - $7.5 billion.
- Adjusted net income guidance maintained at $455 - $465 million.
- Adjusted diluted earnings per share guidance updated to $20.13 - $20.58 from $19.91 - $20.58.
- Free cash flow guidance remains at least $420 million.
- Diluted weighted average shares remain at 22.6 million.
Headwinds
- Guidance reflects approximately $200 million of higher-than-expected material purchases by customers.
- Guidance reflects lower diluted weighted average shares due to share repurchases earlier in the year.
- Fiscal year 2024 free cash flow guidance assumes approximately $75 million in tax payments related to Section 174 of the Tax Cuts and Jobs Act of 2017.
- Fiscal year 2024 free cash flow guidance assumes a $40 million tax refund associated with prior year tax method changes.
- No other negative factors were explicitly mentioned in the provided guidance summary.
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 2024
+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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