Booz Allen Q3 Earnings: Revenue And EPS Beat, Dividend Hike, Raises FY25 Outlook as Backlog Hits $39.4 Billion

Booz Allen Hamilton Holding BAH reported fiscal third-quarter adjusted EPS of $1.55, topping the analyst consensus estimate of $1.51. Quarterly sales of $2.92 billion, up 13.5% year-on-year, beat the street view of $2.86 billion.

The backlog grew by 14.8%, reaching $39.4 billion, while the quarterly book-to-bill ratio stood at 0.37x.

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During the quarter, the company achieved double-digit organic revenue growth, increased quarterly backlog, and revealed expansion in headcount.

Booz Allen recorded a quarterly operating income of $291.26 million, compared with $247.56 million a year ago.

As of December 31, the client staff headcount had risen by around 1,800 compared to the previous year, marking a 6.0% increase and flat compared to the end of the prior quarter.

Booz Allen exited the quarter with cash and equivalents worth $453.54 million. Long-term debt, net of the current portion, totals $3.29 billion.

Dividend: The company announced a quarterly dividend of $0.55 per share, up by 7.8%.

With strong strategic momentum and efficient operations driven by VoLT (Velocity, Leadership, Technology), the company remains well positioned to exceed the top end of its multiyear Investment Thesis, concluding at the end of fiscal 2025.

Outlook: Booz Allen raised its fiscal 2025 outlook and expects revenue growth of 12%- 13%, or $11.94 billion—$12.05 billion (prior 11%- 13% Y/Y, or $11.84 billion—$12.85 billion) versus the estimated $12.03 billion.

The company expects adjusted EPS of $6.25-$6.40 (prior $6.10–$6.30) versus the $6.30 estimate.

Booz Allen Hamilton stock declined over 8% in the last 12 months.

Price Action: BAH stock is down 3.44% to $124.50 premarket at last check Friday.

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