JP Morgan analyst Seth M. Seifman changed the rating on federal IT services companies, Science Applications International Corporation SAIC and Booz Allen Hamilton Holding Corporation BAH. The analyst upgraded Science Applications to Overweight from Neutral and raised the price target to $170 from $150. During the April Investor Day, management emphasized plans to transition SAIC toward higher-value work, which is still in its early stages. Meanwhile, the analyst notes that last quarter's results showed that ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...

RESTON, Va., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has been awarded a new $229 million contract by the U.S. Department of Defense to provide vital IT solutions under the NORAD/USNORTHCOM Information Technology Enterprise Services (NITES) program. "NORAD and USNORTHCOM defend America and its people," said Vinnie DiFronzo, executive vice president for Air Force and Combatant Commands at SAIC. "SAIC is committed to delivering a highlyresilient, highly-availa ...

Science Applications International Corporation (SAIC) reported better-than-expected results for the second quarter of fiscal 2025. The company's second-quarter adjusted earnings remained flat on a year-over-year basis at $2.05 per share and surpassed the Zacks Consensus Estimate of $1.86. Considering better-than-expected second-quarter performance, SAIC initiated a strong fiscal guidance for 2025. The stock has gained 8.8% in the year-to-date period. We expect its share price to improve, given the strong gu ...

JHVEPhoto One company that I became bullish on in March of this year was Science Applications International Corporation (NASDAQ:SAIC). I don't dabble too much in the defense and technology industry that the company plays in. But every so often, I do find some attractively priced businesses in this space. At the time that I wrote my article in March, I acknowledged that the company had been experiencing mixed financial performance. Revenue had been fluctuating, but profits were impressive. Add on top of this ...

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 August 2, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-35832 Science Applications International Corporation (Exact name of registrant as specified in its charter) Delawar ...

Financial Data and Key Metrics Changes - The company reported second quarter organic revenue growth of 2% year-over-year, with adjusted EBITDA of $170 million and a margin of 9.4% [7][8] - Adjusted diluted earnings per share increased to $2.05, benefiting from a lower effective tax rate of approximately 19.5% and a 5% year-over-year reduction in the weighted average share count [7][8] - Free cash flow for the second quarter was $241 million, contributing to a total of $262 million for the first half, representing over 50% of the full year guidance [8][16] Business Line Data and Key Metrics Changes - The company is focusing on increasing submissions in the Civilian market and within Enterprise and Mission IT, which are expected to drive outsized growth [10][11] - Net bookings for the quarter were $1.2 billion, resulting in a book-to-bill ratio of 0.6x for the quarter and 1.1x on a trailing 12-month basis [13] Market Data and Key Metrics Changes - The company is experiencing a headwind of approximately 5% from recompete pressures, which is expected to ease going into fiscal year 2026 [15][39] - The company anticipates that the political environment will not significantly impact its Civilian and Defense portfolios due to bipartisan support for key agencies [20][21] Company Strategy and Development Direction - The company has implemented an enterprise operating model designed to optimize investment planning and align its pipeline with growth vectors, focusing on four pivots: portfolio, go-to-market, culture, and brand [9] - The strategy aims to increase the total value of submissions, improve the quality of bids, and drive bookings and backlog growth, with expectations for a book-to-bill ratio of 1.2x by the first half of fiscal year 2026 [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the guidance for fiscal year 2025 and sustaining momentum into fiscal year 2026, despite some revenue challenges in the second half of the year [8][15] - The company is optimistic about its ability to gain market share in the Civilian space, as it is currently underrepresented [21] Other Important Information - The company returned approximately $220 million to shareholders in the quarter, including $201 million in share repurchases, and is on track to exceed its repurchase target for the year [14][16] - The company is maintaining a high threshold for M&A while focusing on its share repurchase program [16] Q&A Session Summary Question: What gives confidence to reach a book-to-bill of 1.2? - Management indicated that the submission rate and a larger qualification pipeline, with about $10 billion of submitted bids pending award, support this confidence [18][19] Question: How does the company view the Civilian versus Defense budget shifts? - Management believes the Civilian portfolio is insulated from major swings due to bipartisan support, while defense spending is expected to remain stable [20][21] Question: What is the risk around execution for the bids being chased? - The company is focusing on bidding more strategically and margin-accretively, with an emphasis on fixed-price contracts and tightening execution expectations [24][25] Question: What is the status of the recompete for the largest contract? - Management expects no award activity until the next fiscal year, with potential revenue impact in fiscal year 2026 or early fiscal year 2027 [51][53]

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.5% on Thursday. The Dow traded down 0.36% to 40,828.19 while the NASDAQ rose 0.53% to 17,174.66. The S&P 500 also fell, dropping, 0.08% to 5,515.76. Check This Out: How To Earn $500 A Month From Smith & Wesson Brands Stock Ahead Of Q1 Earnings Report Leading and Lagging Sectors Consumer discretionary shares climbed by 1.4% on Thursday. In trading on Thursday, health care shares fell by 1.2%. Top Headline Science A ...

Key Takeaways Science Applications International Corporation, or SAIC, exceeded profit and sales forecasts on increased contract volume. The government and defense technology provider also raised its full-year EPS guidance. Free cash flow rose 67% year-over-year. Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased. SAIC ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | FINANCIAL RESULTS | | | | | | | FY25 2Q | | | | | | | SUPPLEMENTAL FINANCIAL PRESENTATION September 5, 2024 | | | | | | | | | | | | | Forward Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," " ...