Annual revenue of $6.0 billion, +6%
Annual net income of $457.4 million and Diluted EPS of $18.30
Annual adjusted net income of $507.2 million and Adjusted diluted EPS of $20.29
Annual cash from operations of $592.2 million, +14%;
Annual free cash flow of $537.1 million, +22%
Annual contract awards of $9.2 billion
Company expects continued organic growth, margin expansion, and strong cash flow in Fiscal Year 2022
RESTON, Va. — (BUSINESS WIRE) — August 11, 2021 — CACI International Inc ( NYSE:CACI), a leading provider of expertise and technology to government enterprise and mission customers, announced results today for its fiscal fourth quarter and full year ended June 30, 2021.
CEO Commentary and Outlook
John Mengucci, CACI’s President and CEO, said, “Our fourth quarter results capped another strong year for CACI. We again achieved our financial commitments, delivering organic revenue growth above our addressable market, margin expansion, and robust cash flow, as well as record backlog. Our financial performance supported a flexible and opportunistic capital deployment strategy, enabling us to both invest ahead of need and execute a value-creating accelerated share repurchase. In Fiscal Year 2022, we see continued growth above our addressable market, margin expansion, and strong cash flow generation, and remain committed to delivering value for our customers and our shareholders.”
Fourth Quarter Results
| Three Months Ended | |||||||
| (in millions except earnings per share and DSO) | 6/30/2021 | 6/30/2020 | % Change | ||||
| Revenue | $1,564.0 |
$1,495.6 |
4.6 |
% |
|||
| Operating income | $112.1 |
$133.7 |
-16.2 |
% |
|||
| Net income | $137.0 |
$93.7 |
46.1 |
% |
|||
| Adjusted net income, a non-GAAP measure1 | $149.4 |
$104.5 |
43.0 |
% |
|||
| Diluted earnings per share | $5.74 |
$3.68 |
56.1 |
% |
|||
| Adjusted diluted earnings per share, a non-GAAP measure1 | $6.26 |
$4.10 |
52.7 |
% |
|||
| Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure1 | $144.9 |
$162.9 |
-11.1 |
% |
|||
| Net cash provided by operating activities excluding MARPA1 | $99.5 |
$154.4 |
-35.5 |
% |
|||
| Free cash flow, a non-GAAP measure1 | $77.7 |
$136.4 |
-43.1 |
% |
|||
| Days sales outstanding (DSO)2 | 54 |
57 |
|||||
| (1) |
This non-GAAP measure should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. For additional information regarding this non-GAAP measure, see the related explanation and reconciliation to the GAAP measure included below in this release. |
|
| (2) |
The DSO calculations for fourth quarter FY21 and fourth quarter FY20 exclude the impact of the Company’s MARPA, which was 7 days and 9 days, respectively. |
