CACI International Announces Fiscal Q4 and Full Year 2024 Financial Results

CACI International Announces Fiscal Q4 and Full Year 2024 Financial Results

CACI International Inc (NYSE:CACI), a leading provider of expertise and technology to government customers, reported its financial results for the fourth quarter and full fiscal year ended June 30, 2024.

Key Financial Metrics

Interpretation: CACI's financial performance was robust for fiscal year 2024, featuring a 14% increase in annual revenues and a 13% rise in diluted EPS year-over-year. Especially notable was the 19.7% year-over-year increase in fourth-quarter revenues, spurred primarily by strong organic growth of 18.5%. These metrics indicate effective execution of the company's strategies and a strong positioning in the competitive marketplace.

Revenue Performance by Segment

Although specific segment data for revenue was not provided, the company reported strong award wins across various sectors, illustrating broad-based growth and market penetration.

Interpretation: The diverse range of substantial contract awards across various segments underscores CACI's ability to secure high-value deals and fortify its presence across different governmental and defense sectors. These contracts are indicative of the company's continuing growth and strong strategic positioning in the tech-savvy governmental market.

Key Operational Data

Comments from Company Officers

John Mengucci, CACI President and CEO, emphasized the company's strong overall performance and significant contract wins, which expanded their backlog to $32 billion. He highlighted the company's robust growth in organic revenues, lofty profit margins, and effective capitalization strategies aimed at cash flow optimization.

Dividends or Share Repo Program

The earnings release did not provide specific details on dividends or share repurchase plans.

Forward Guidance

CACI issued guidance for Fiscal Year 2025, emphasizing continued growth fueled by their strong backlog and operational momentum. The precise numeric guidance was not provided in the earnings release.

Stock Price Movement

Following the earnings report, CACI's stock experienced a slight increase of approximately 0.065%, reflecting a modestly positive market response to the company's strong financials and optimistic outlook.

This earnings summary outlines how CACI International Inc. continues to flourish through robust contract wins, strategic growth in key technology segments, and solid financial metrics, preparing the ground for sustained success into FY 2025 and beyond.