Caci International (CACI) Q1 FY2024 earnings: revenue $1.9 billion, up 15.2% on the year

Caci International Inc. (CACI) reported revenue of $1.9 billion for Q1 FY2024, the quarter ended 30 September 2023, up 15.2% on the same quarter a year earlier. Net income was $86 million, down 3.5% on the year, and diluted earnings per share $3.76. The figures are the company's own, from the 10-Q it filed with the SEC on 26 October 2023.

Revenue$1.9 billionup 15.2%

Net income$86 milliondown 3.5%

Diluted EPS$3.76

QuarterQ1 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Quarter before	A year earlier	Change on the year
Revenue	1,850	n/a	n/a	n/a
Selling, general and administrative	405	n/a	n/a	n/a
Operating income	137	n/a	n/a	n/a
Operating margin	7.4%	n/a	n/a
Interest expense	25.6	n/a	n/a	n/a
Pre-tax income	112	n/a	n/a	n/a
Income tax	25.7	n/a	n/a	n/a
Effective tax rate	23.0%	n/a	n/a
Net income	86.0	n/a	n/a	n/a
Net margin	4.7%	n/a	n/a
Diluted EPS	$3.76	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2024	Quarter before	A year earlier	Change on the year
Operating cash flow	70.1	n/a	n/a	n/a
Capital expenditure	14.0	n/a	n/a	n/a
Free cash flow	56.1	n/a	n/a	n/a
Free cash flow margin	3.0%	n/a	n/a
Cash from investing	-12.4	n/a	n/a	n/a
Cash from financing	-45.6	n/a	n/a	n/a
Depreciation and amortisation	35.2	n/a	n/a	n/a
Share-based compensation	10.0	n/a	n/a	n/a
Buybacks	140	n/a	n/a	n/a
Diluted shares, weighted	23m	n/a	n/a	n/a
Shares outstanding at period end	22m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2024	Quarter before	A year earlier	Change on the year
Shareholders' equity	3,164	n/a	n/a	n/a
Non-controlling interest	0.1	n/a	n/a	n/a
Debt	1,789	n/a	n/a	n/a
Operating lease liabilities	333	n/a	n/a	n/a
Other liabilities	1,451	n/a	n/a	n/a
Total liabilities and equity	6,737	n/a	n/a	n/a
Fixed assets	197	n/a	n/a	n/a
Goodwill	4,078	n/a	n/a	n/a
Intangible assets	489	n/a	n/a	n/a
Cash and equivalents	126	n/a	n/a	n/a
Receivables	1,003	n/a	n/a	n/a
Inventory	141	n/a	n/a	n/a
Other assets	704	n/a	n/a	n/a
Total assets	6,737	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	1,850	1,834	1,937	2,038	2,057	2,100	2,167	2,304	2,288	2,220	2,351	2,709
SG&A	405	409	430	476	428	467	481	457	474	465	510	563
Operating income	137	133	181	198	180	181	196	207	212	206	229	272
Operating margin	7%	7%	9%	10%	9%	9%	9%	9%	9%	9%	10%	10%
Interest expense	25.6	27.5	27.7	24.3	24.0	44.1	45.1	45.7	46.2	45.0	52.3	72.1
Pre-tax income	112	106	154	173	156	137	151	161	166	162	177	200
Tax rate	23%	21%	25%	22%	23%	20%	26%	2%	25%	23%	26%	22%
Net income	86.0	83.9	115	135	120	110	112	158	125	124	130	157
Net margin	5%	5%	6%	7%	6%	5%	5%	7%	5%	6%	6%	6%
Diluted EPS	$3.76	$3.74	$5.13	$5.98	$5.33	$4.88	$5.00	$7.14	$5.63	$5.59	$5.88	$7.05
Operating cash flow	70.1	71.8	198	157	34.7	126	230	156	171	154	183	378
Capital expenditure	14.0	15.4	11.7	22.6	11.5	9.9	16.2	28.0	17.0	16.0	26.8	46.8
Free cash flow	56.1	56.3	187	135	23.2	116	214	128	154	138	156	331
Buybacks	140	15.4	2.7	3.1	3.2	7.1	154	4.6	4.1	4.9	3.7	4.4
Shares outstanding	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m	22m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 26 October 2023, accession 0000016058-23-000177: the filing on EDGAR. All of Caci International Inc.'s filings: EDGAR company page.

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