Revenues: $1.6 billion; 38% revenue growth
Diluted earnings per share: $0.94; Adjusted diluted earnings per share(1): $1.39
Adjusted EBITDA(1) as a % of revenues: 8.3%
Cash flows provided by operating activities: $116 million
Net bookings of $2.2 billion equating to a book to bill of 1.4
RESTON, Va. — (BUSINESS WIRE) — December 5, 2019 — Science Applications International Corporation (NYSE: SAIC), a leading technology integrator providing high-end solutions in engineering, IT, and mission solutions across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended November 1, 2019.
“SAIC's third quarter results reflect another quarter of consistent, strong results from an expanded contract portfolio, broadened capabilities and talented employees," said SAIC CEO Nazzic Keene. "Our fully integrated and focused growth strategy is driving our investment decisions and business pursuits as we look to accelerate profitable growth while continuing to deliver value for our customers and shareholders."
Third Quarter of Fiscal Year 2020: Summary Operating Results |
||||||||||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||||
|
|
November 1,
|
|
Percent
|
|
November 2,
|
|
November 1,
|
|
Percent
|
|
November 2,
|
||||||||||
|
|
(in millions, except per share amounts) |
||||||||||||||||||||
Revenues |
|
$ |
1,630 |
|
|
38 |
% |
|
$ |
1,177 |
|
|
$ |
4,839 |
|
|
40 |
% |
|
$ |
3,467 |
|
Operating income |
|
94 |
|
|
29 |
% |
|
73 |
|
|
282 |
|
|
32 |
% |
|
213 |
|
||||
Operating income as a percentage of revenues |
|
5.8 |
% |
|
-40 |
bps |
|
6.2 |
% |
|
5.8 |
% |
|
-30 |
bps |
|
6.1 |
% |
||||
| Adjusted operating income (1) |
|
104 |
|
|
20 |
% |
|
87 |
|
|
306 |
|
|
35 |
% |
|
227 |
|
||||
| Adjusted operating income as a percentage of revenues |
|
6.4 |
% |
|
-100 |
bps |
|
7.4 |
% |
|
6.3 |
% |
|
-20 |
bps |
|
6.5 |
% |
||||
| Net income attributable to common stockholders |
|
55 |
|
|
15 |
% |
|
48 |
|
|
167 |
|
|
14 |
% |
|
146 |
|
||||
| EBITDA (1) |
|
126 |
|
|
50 |
% |
|
84 |
|
|
381 |
|
|
56 |
% |
|
244 |
|
||||
| EBITDA as a percentage of revenues |
|
7.7 |
% |
|
60 |
bps |
|
7.1 |
% |
|
7.9 |
% |
|
90 |
bps |
|
7.0 |
% |
||||
| Adjusted EBITDA (1) |
|
135 |
|
|
38 |
% |
|
98 |
|
|
404 |
|
|
57 |
% |
|
258 |
|
||||
| Adjusted EBITDA as a percentage of revenues |
|
8.3 |
% |
|
— |
bps |
|
8.3 |
% |
|
8.3 |
% |
|
90 |
bps |
|
7.4 |
% |
||||
| Diluted earnings per share |
|
$ |
0.94 |
|
|
(15 |
)% |
|
$ |
1.11 |
|
|
$ |
2.82 |
|
|
(16 |
)% |
|
$ |
3.37 |
|
| Adjusted diluted earnings per share (1) |
|
$ |
1.39 |
|
|
(5 |
)% |
|
$ |
1.47 |
|
|
$ |
4.10 |
|
|
5 |
% |
|
$ |
3.92 |
|
| Net cash provided by operating activities |
|
$ |
116 |
|
|
35 |
% |
|
$ |
86 |
|
|
$ |
389 |
|
|
140 |
% |
|
$ |
162 |
|
| Free cash flow (1) |
|
$ |
116 |
|
|
45 |
% |
|
$ |
80 |
|
|
$ |
375 |
|
|
172 |
% |
|
$ |
138 |
|
