Booz Allen Hamilton Holding BAH reported fiscal second-quarter adjusted EPS of $1.81, topping the analyst consensus estimate of $1.49. The stock price gained after the print.
Quarterly sales of $3.15 billion, up 18% year-on-year, beat the street view of $2.97 billion. The backlog grew by 17.7%, reaching $41.3 billion, while the quarterly book-to-bill ratio stood at 2.61x.
Also Read: SAIC’s $130B Pipeline Boosts Outlook, Booz Allen Faces Valuation Challenge, Says JP Morgan
During the quarter, the company achieved double-digit organic revenue growth, including double-digit organic revenue growth in both the federal defense and civil markets, increased quarterly backlog, and revealed expansion in headcount.
Booz Allen recorded a quarterly operating income of $548.61 million, compared with $266.99 million a year ago.
As of September 30, the client staff headcount had risen by around 2,500 compared to the previous year, marking an 8.1% increase and approximately 700 higher than the end of the prior quarter.
Booz Allen exited the quarter with cash and equivalents worth $558.72 million. Long-term debt, net of the current portion, totals $3.31 billion.
The company announced a quarterly dividend of $0.51 per share.
Outlook: Booz Allen raised its fiscal 2025 outlook and expects revenue growth of 11%–13% or $11.84 billion—$12.85 billion (prior 8.0%–11.0%) year over year versus the estimated $11.84 billion.
The company expects adjusted EPS of $6.10–$6.30 (prior $5.80–$6.05) versus the $6.00 estimate.
Booz Allen Hamilton stock gained over 39% in the last 12 months.
Price Action: BAH stock is up 12.30% to $187.01 premarket at last check Friday.
Also Read:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
