Investors might want to bet on Booz Allen Hamilton (BAH) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a chan ...

Booz Allen Hamilton Holding Corp. (BAH) reported impressive second-quarter fiscal 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Quarterly adjusted earnings per share of $1.81 surpassed the Zacks Consensus Estimate by 22.3% and increased 40.3% from the year-ago fiscal quarter's actual. The company reported revenues of $3.1 billion, which beat the consensus estimate by 6.5% and increased 18% on a year-over-year basis. Revenues, excluding billable expenses, were $2.2 billion, u ...

EARNINGS CALL PRESENTATION Fiscal Year 2025, Second Quarter October 25, 2024 CALL PARTICIPANTS HORACIO ROZANSKI Chairman, Chief Executive Officer & President MATT CALDERONE Chief Financial Officer LINDSAY JOYCE Vice President, Financial Planning & Analysis and Investor Relations 2 DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include "forward-looking statements" within the meaning of the Private Securities Litigat ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 grew 18% year-over-year to $3.1 billion, with organic revenue increasing 17% year-over-year [24] - Adjusted EBITDA for the quarter was $364 million, approximately 25% higher than the prior year period, with an adjusted EBITDA margin of 11.6%, up 70 basis points compared to the prior year quarter [24] - Net income for the quarter was $390 million, 129% higher year-over-year, while adjusted net income increased 38% year-over-year to $233 million [24] Business Line Data and Key Metrics Changes - Civil revenues rose approximately 12% from the prior year quarter, continuing double-digit growth for the past 13 quarters [8] - Intelligence market revenue increased 8% year-over-year, marking a return to growth [10] - Defense business revenue increased 17% year-over-year, driven by strategic support in geopolitical conflicts and modernization efforts [12] Market Data and Key Metrics Changes - Total backlog as of September 30 was a record $41 billion, up about 18% from a year ago, with net bookings for the quarter at $8.2 billion [23] - The trailing 12-month book-to-bill ratio was 1.5 times, the highest in six years [23] - Client staff increased by 4.3% in the first half of the fiscal year, totaling nearly 33,000 employees, an 8.1% increase year-over-year [23] Company Strategy and Development Direction - The company's growth strategy, VOLT (velocity, leadership, and technology), continues to drive performance and positions the company for future growth [6] - The focus is on supporting national missions with leading-edge technology, adapting to complex environments, and leveraging innovation to navigate challenges [7] - The company aims to exceed the top end of its multi-year investment thesis through organic performance [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the turbulent environment due to geopolitical instability and upcoming elections, which may affect visibility and priorities [29] - Despite uncertainties, management expressed confidence in the company's operational momentum and ability to adapt to changing demands [30] - The company remains optimistic about growth in both the near and medium term, driven by strong demand across various sectors [31] Other Important Information - The company repurchased about 1.2% of its shares, totaling $232 million, and declared a quarterly dividend of $0.51 per share [25] - The company expects total cyber revenue to reach between $2.5 billion and $2.8 billion by the end of the fiscal year, with plans to double that revenue in the next five years [11] Q&A Session Summary Question: Guidance implies a deceleration; what are the drivers of growth in the back half? - Management acknowledged the turbulent environment and potential changes in priorities due to the upcoming election but highlighted strong performance indicators such as hiring and backlog [29] Question: What is the range of outcomes regarding cash impact from audit adjustments? - Management indicated that there has not been a cash impact yet and advised against building expectations of cash into models at this time [32] Question: How strong is the demand environment relative to potential headwinds from specific contracts? - Management emphasized that the company is not defined by a single contract and has the ability to adapt talent to new opportunities, maintaining overall growth momentum [41] Question: What is the outlook for recruiting and retention trends? - Management expressed confidence in continued strong recruiting and retention, noting that Booz Allen is increasingly seen as a destination for top talent [50]

The company posted a strong quarterly beat. Defense IT specialist Booz Allen Hamilton (BAH 11.94%) easily surpassed Wall Street expectations for the quarter and raised full-year guidance. Investors are cheering the news, sending Booz shares up 13% as of 10:45 a.m. ET. A broad-based beat Booz Allen Hamilton provides technology and IT services to military and civil government customers, with a large presence in the intelligence community. The company earned $1.81 per share in its fiscal second quarter ending ...

Booz Allen Hamilton (BAH) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.30%. A quarter ago, it was expected that this defense contractor would post earnings of $1.52 per share when it actually produced earnings of $1.38, delivering a surprise of -9.21%.Over the last four quarters ...

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 ach ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------ ...

[Fiscal 2025 Second Quarter Performance Overview](index=1&type=section&id=Fiscal%202025%20Second%20Quarter%20Performance%20Overview) Booz Allen Hamilton achieved strong double-digit revenue and profit growth in Q2 and H1 FY25, driven by robust operational momentum [Key Financial and Operational Highlights](index=1&type=section&id=Key%20Financial%20and%20Operational%20Highlights) Booz Allen Hamilton reported strong Q2 FY25 performance with 18.0% revenue growth to $3.15 billion, a 128.5% net income increase, and robust operational momentum Q2 FY2025 Financial Highlights (vs. Q2 FY2024) | Metric | Q2 FY2025 | Change vs. Q2 FY2024 | | :--- | :--- | :--- | | Revenue | $3.15B | +18.0% | | Organic Revenue Growth | - | +17.1% | | Operating Income | $548.6M | +105.5% | | Adjusted Operating Income | $335.2M | +27.3% | | Net Income | $390.1M | +128.5% | | Adjusted Net Income | $233.0M | +37.8% | | Diluted EPS | $3.01 | +133.3% | | Adjusted Diluted EPS | $1.81 | +40.3% | - Total backlog increased by **17.7%** year-over-year to **$41.3 billion**, with a strong quarterly book-to-bill ratio of **2.61x**, indicating robust demand and future revenue visibility[1](index=1&type=chunk) - Client staff headcount grew by **8.1%** year-over-year, an increase of approximately **2,500 employees**, reflecting the company's ability to attract and retain talent to support growth[1](index=1&type=chunk) [First Half Fiscal 2025 Performance](index=2&type=section&id=First%20Half%20Fiscal%202025%20Performance) The company demonstrated consistent H1 FY25 growth, with revenue up 14.4% to $6.09 billion, net income growing 67.2%, and Adjusted Diluted EPS reaching $3.19 H1 FY2025 Financial Highlights (vs. H1 FY2024) | Metric | H1 FY2025 | Change vs. H1 FY2024 | | :--- | :--- | :--- | | Revenue | $6.09B | +14.4% | | Operating Income | $803.8M | +60.3% | | Net Income | $555.3M | +67.2% | | Adjusted Net Income | $412.6M | +13.9% | | Diluted EPS | $4.27 | up from $2.51 | | Adjusted Diluted EPS | $3.19 | up from $2.76 | [Cash Flow and Shareholder Returns](index=2&type=section&id=Cash%20Flow%20and%20Shareholder%20Returns) H1 FY25 cash generation dramatically improved to **$639.2 million** from operating activities, and the company declared a **$0.51** per share quarterly dividend H1 FY2025 Cash Flow (in millions) | Metric | H1 FY2025 | H1 FY2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $639.2 | $(118.9) | | Free Cash Flow | $583.0 | $(146.4) | - A regular quarterly dividend of **$0.51 per share** was declared, payable on December 4, 2024, to stockholders of record on November 15, 2024[2](index=2&type=chunk) [Fiscal 2025 Financial Outlook](index=2&type=section&id=Fiscal%202025%20Financial%20Outlook) Booz Allen Hamilton raised and narrowed its full-year FY25 guidance, projecting higher revenue growth, Adjusted EBITDA, Adjusted Diluted EPS, and cash flow based on strong H1 performance [Updated Fiscal 2025 Guidance](index=2&type=section&id=Updated%20Fiscal%202025%20Guidance) Updated FY25 guidance projects revenue growth of **11.0% - 13.0%**, Adjusted Diluted EPS of **$6.10 - $6.30**, and higher Adjusted EBITDA and cash flow Fiscal Year 2025 Guidance Update | Metric | Updated FY2025 Guidance | Original FY2025 Guidance | | :--- | :--- | :--- | | Revenue Growth | 11.0% - 13.0% | 8.0% - 11.0% | | Adjusted EBITDA | $1,300 - $1,330 million | $1,260 - $1,300 million | | Adjusted Diluted EPS | $6.10 - $6.30 | $5.80 - $6.05 | | Net Cash Provided by Operating Activities | $925 - $1,025 million | $825 - $925 million | [Consolidated Financial Statements (GAAP)](index=4&type=section&id=Consolidated%20Financial%20Statements%20%28GAAP%29) This section presents the company's GAAP financial statements, including detailed statements of operations, balance sheets, and cash flows [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 FY25 income statement shows revenue of **$3.15 billion**, operating income more than doubled to **$548.6 million**, and net income rose to **$390.1 million** Q2 FY2025 Statement of Operations (in thousands) | Metric | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Revenue | $3,146,386 | $2,666,282 | | Operating Income | $548,609 | $266,989 | | Net Income | $390,112 | $170,718 | | Diluted EPS | $3.01 | $1.29 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of Sep 30, 2024, total assets were **$6.88 billion**, total liabilities **$5.68 billion**, with stockholders' equity growing to **$1.20 billion** Balance Sheet Highlights (in thousands) | Metric | September 30, 2024 | March 31, 2024 | | :--- | :--- | :--- | | Total Current Assets | $2,917,023 | $2,738,909 | | Total Assets | $6,878,374 | $6,563,688 | | Total Current Liabilities | $1,874,855 | $1,692,190 | | Total Liabilities | $5,677,605 | $5,517,126 | | Total Stockholders' Equity | $1,200,769 | $1,046,562 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 FY25 net cash from operating activities was **$639.2 million**, a significant improvement, with **$153.3 million** used in investing and **$481.5 million** in financing H1 FY2025 Cash Flow Summary (in thousands) | Cash Flow From | Six Months Ended Sep 30, 2024 | Six Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Operating Activities | $639,219 | $(118,917) | | Investing Activities | $(153,272) | $(37,002) | | Financing Activities | $(481,480) | $308,353 | | **Net Increase in Cash** | **$4,467** | **$152,434** | [Non-GAAP Financial Measures and Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section details the company's non-GAAP financial measures, providing definitions and reconciliations to GAAP figures for core operating performance [Explanation of Non-GAAP Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Measures) The company explains its rationale for using non-GAAP metrics like Adjusted EBITDA to evaluate core operating performance by excluding unusual or non-recurring items - Management uses non-GAAP measures like **Adjusted EBITDA** and **Adjusted Net Income** for business planning, managing against internal projections, and measuring core operating performance by excluding non-operational or unusual items[6](index=6&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=8&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) Reconciliations detail adjustments from GAAP to non-GAAP figures, with Q2 FY25 including a **$115.3 million** gain from insurance recoveries and a **$113.1 million** reduction in claimed costs Q2 FY2025 Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Description | Amount | | :--- | :--- | | Net Income (GAAP) | $390,112 | | Add: Taxes, Interest, D&A | $200,553 | | EBITDA | $590,665 | | Adjustments: | | | Change in provision for claimed costs | $(113,112) | | Insurance recoveries | $(115,320) | | Other adjustments | $1,717 | | **Adjusted EBITDA (Non-GAAP)** | **$363,950** | - Key adjustments in Q2 FY25 included a **$115.3 million** pre-tax gain from insurance recoveries related to a prior settlement and a **$113.1 million** pre-tax benefit from a reduction in the provision for claimed costs[12](index=12&type=chunk)[13](index=13&type=chunk)[15](index=15&type=chunk) [Key Operating Data](index=10&type=section&id=Key%20Operating%20Data) Key operating metrics highlight strong business momentum, with significant backlog growth, a robust book-to-bill ratio, and expanding headcount [Backlog and Book-to-Bill Ratio](index=10&type=section&id=Backlog%20and%20Book-to-Bill%20Ratio) Total backlog increased **17.7%** year-over-year to **$41.3 billion**, with a strong quarterly book-to-bill ratio of **2.61x** indicating robust new awards Backlog Composition (in millions) | Backlog Type | As of Sep 30, 2024 | As of Sep 30, 2023 | | :--- | :--- | :--- | | Funded | $6,612 | $6,282 | | Unfunded | $10,317 | $10,128 | | Priced options | $24,325 | $18,630 | | **Total backlog** | **$41,254** | **$35,040** | Book-to-Bill Ratio | Period | FY2025 | FY2024 | | :--- | :--- | :--- | | Three Months Ended Sep 30 | 2.61x | 2.41x | | Six Months Ended Sep 30 | 2.18x | 1.72x | [Headcount and Revenue Mix](index=11&type=section&id=Headcount%20and%20Revenue%20Mix) The workforce grew to **35,800** employees, an increase of **2,700**, with **57%** of Q2 revenue from cost-reimbursable contracts, indicating a stable mix Headcount Growth | Headcount Type | As of Sep 30, 2024 | As of Sep 30, 2023 | | :--- | :--- | :--- | | Total Headcount | 35,800 | 33,100 | | Client Staff Headcount | 32,700 | 30,200 | Q2 Revenue by Contract Type | Contract Type | Q2 FY2025 | Q2 FY2024 | | :--- | :--- | :--- | | Cost-Reimbursable | 57% | 55% | | Time-and-Materials | 23% | 24% | | Fixed-Price | 20% | 21% | [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section provides a legal disclaimer for forward-looking statements, cautioning that actual results may differ due to various risks and uncertainties [Risk Factors](index=4&type=section&id=Risk%20Factors) Key risk factors include dependency on U.S. government spending, regulatory compliance, competition, and the ability to attract and retain skilled talent - The document contains forward-looking statements concerning financial guidance and future performance. These are subject to risks including, but not limited to, changes in U.S. government spending, budgetary constraints, contract award delays, and competition[7](index=7&type=chunk)

Booz Allen Hamilton Holding Corporation BAH will release earnings results for its third quarter before the opening bell on Friday, Oct. 25.Analysts expect the McLean, Virginia-based bank to report quarterly earnings at $1.49 per share, up from $1.29 per share in the year-ago period. L3Harris Technologies projects to report revenue of $2.97 billion for the recent quarter, compared to $2.61 billion a year earlier, according to data from Benzinga Pro.On Aug. 6, Booz Allen Hamilton said it secured a $506 millio ...