CACI Worldwide shares acquire 3% on Q2 beat and lift

RESTON, Va. – CACI Worldwide Inc (NYSE: NYSE:CACI) noticed its shares bounce 3.4% in aftermarket buying and selling Wednesday after the federal government expertise contractor reported better-than-expected fiscal second quarter outcomes and raised its full-year outlook.

The corporate posted adjusted earnings per share of $5.95 for the quarter ended December 31, 2024, handily beating analyst estimates of $5.20. Income rose 14.5% year-over-year to $2.1 billion, additionally topping the consensus forecast of $2.02 billion.

CACI’s robust efficiency was pushed by 8.1% natural progress, with revenues from the Division of Protection up 16.2% to $1.58 billion. Federal civilian company revenues elevated 11.2% to $433.7 million.

“Our second quarter mirrored one other distinctive interval for CACI. Monetary outcomes have been robust throughout the board with double-digit income progress, elevated profitability, wholesome money circulate, and rising backlog,” stated John Mengucci, CACI President and Chief Govt Officer.

The corporate raised its fiscal 2025 steerage, now anticipating income of $8.45-$8.65 billion, up from its earlier outlook of $8.37-$8.57 billion. Adjusted earnings per share are forecast at $23.87-$24.76, in comparison with $23.24-$24.13 beforehand.

CACI’s whole backlog grew 18.2% year-over-year to $31.8 billion on the finish of the quarter. The corporate reported $1.2 billion in contract awards for the interval, with about 45% representing new enterprise.

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