Business
SAIC Announces Third Quarter of Fiscal Year 2025 Results
Revenues of $1.98 billion; 4.3% revenue growth Net income of $106 million; Adjusted EBITDA(1) of $197 million or 10.0% of revenuesDiluted earnings per share
About this update from Science Applications International Corporation
[{"type":"text","content":"Revenues of $1.98 billion; 4.3% revenue growth Net income of $106 million; Adjusted EBITDA(1) of $197 million or 10.0% of revenuesDiluted earnings per share of $2.13; Adjusted diluted earnings per share(1) of $2.61 Cash flows provided by operating activities of $143 million; free cash flow(1) of $9 millionNet bookings of $1.5 billion; book-to-bill ratio of 0.7; trailing twelve months book-to-bill ratio of 0.9Company increases Fiscal Year 2025 guidance for Revenue and Adjusted Diluted EPS(1) and reaffirms midpoint of all other Fiscal Year 2025 financial guidanceBoard authorizes $1.2 billion share repurchase program, representing 20% of market value RESTON, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: 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 1, 2024. \"Our results in the third quarter demonstrate progress towards meeting our near-term financial goals and executing our long-term strategy to drive profitable growth and value for our customers and shareholders,\" said SAIC CEO Toni Townes-Whitley. \"We again delivered better than expected revenue in the quarter with strong profitability. We are accelerating the velocity and volume of our business development and now expect to exceed $25B in submissions this year compared to our prior target of $22B. It's our expectation that our increased submissions will ultimately translate into an improving book-to-bill and accelerating growth in Fiscal Year 2026. As a best-in-class mission integrator, we leverage emerging technologies to help the government operate better, faster, and more efficiently and our expanding pipeline of opportunities reflects the value we provide.\" Third Quarter of Fiscal Year 2025: Summary Operating Results Three Months Ended November 1, 2024 Percentchange November 3, 2023 (in millions, except per share amounts)Revenues$1,976 4% $1,895 Operating income 160 12% 143 Operating income as a percentage of revenues 8.1% 60 bps 7.5%Adjusted operating income(1) 195 10% 178 Adjusted operating income as a percentage of revenues 9.9% 50 bps 9.4%Net income 106 14% 93 EBITDA(1) 197 11% 177 EBITDA as a percentage of revenues 10.0% 70 bps 9.3%Adjusted EBITDA...
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