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SAIC Announces Third Quarter of Fiscal Year 2024 Results
Revenues of $1.90 billion; 10.6% organic growth adjusted for impact of divestitures Net income of $93 million; Adjusted EBITDA(1) of $178 million or 9.4% as
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[{"type":"text","content":"\n\nRevenues of $1.90 billion; 10.6% organic growth adjusted for impact of divestitures\n\n\n\nNet income of $93 million; Adjusted EBITDA(1) of $178 million or 9.4% as a % of revenues, an increase of 50 bps year-over-year\n\n\n\nDiluted earnings per share of $1.76; Adjusted diluted earnings per share(1) of $2.27\n\n\n\nCash flows provided by operating activities of $101 million; Transaction-adjusted free cash flow(1) of $148 million\n\n\n\nCompany increases revenue and adjusted diluted EPS(1) guidance for fiscal year 2024\n\n\n\n RESTON, Va.--(BUSINESS WIRE)--\nScience Applications International Corporation (NYSE: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended November 3, 2023.\n\n\n“It is an honor to lead SAIC at a time of such convergence in protecting this country’s national security interests, embracing the ongoing acceleration of technological innovation, and charting this company’s course for continued success in the future,” said SAIC CEO Toni Townes-Whitley. \"To ensure our leadership in the market, SAIC is focused on strategic pivots across four key dimensions of the business: innovation & solutions, go-to-market, culture, and brand. As we move out on this strategy, I’m encouraged by some early signs of success and look forward to sharing our progress against milestones in the coming quarters and years. We believe our financial results in the third quarter demonstrate that we are entering the next phase of our strategy from a position of strength.\"\n\n\nThird Quarter of Fiscal Year 2024: Summary Operating Results\n\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nThree Months Ended\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nNovember 3,\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\nPercent\nchange\n\n\n\n\n\n\n \n\n\n\n\n\n\nOctober 28,\n\n\n\n\n2022\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n(in millions, except per share amounts)\n\n\n\n\n\n\n\n\nRevenues\n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,895\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(1\n\n\n\n\n\n\n)%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n1,909\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n\n \n\n\n\n\n\n\n143\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n133\n\n\n\n\n\n\n \n\n...
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