SAIC (SAIC) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 10.22%. A quarter ago, it was expected that this information technology company would post earnings of $1.93 per share when it actually produced earnings of $1.92, delivering a surprise of -0.52%. Over the last four quarters, ...

Revenues of $1.82 billion; 2% organic growth Net income of $81 million; Adjusted EBITDA(1) of $170 million or 9.4% of revenues Diluted earnings per share of $1.58; Adjusted diluted earnings per share(1) of $2.05 Cash flows provided by operating activities of $138 million; free cash flow(1) of $241 million Net bookings of $1.2 billion; book-to-bill ratio of 0.6; trailing twelve months book-to-bill ratio of 1.1 Company increases Adjusted Diluted EPS(1) Fiscal Year 2025 guidance to $8.10 - $8.30 and reaffirms ...

SAIC Announces Second Quarter of Fiscal Year 2025 Results • Revenues of $1.82 billion; 2% organic growth (1) • Net income of $81 million; Adjusted EBITDA of $170 million or 9.4% of revenues (1) • Diluted earnings per share of $1.58; Adjusted diluted earnings per share of $2.05 • Cash flows provided by operating activities of $138 million; free cash flow of $241 million (1) • Net bookings of $1.2 billion; book-to-bill ratio of 0.6; trailing twelve months book-to-bill ratio of 1.1 (1) • Company increases Adju ...

RESTON, Va., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) announced today that the company's board of directors declared a cash dividend of $0.37 per share of the company's common stock payable on October 25, 2024 to stockholders of record on October 11, 2024. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financ ...

The market expects SAIC (SAIC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Septe ...

RESTON, Va., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its second quarter fiscal year 2025 results before market open on Thursday, September 5, 2024. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company's earnings press release. The conference call will be webcast simultaneously to the public through a link on the Investors ...

Science Applications (SAIC) recently secured three new contracts worth $58.2 million from the U.S. Navy. The first contract is on Jammer Technique Optimization (JATO), where SAIC will provide engineering support to the U.S. Navy's JATO Program, which is part of the PMA-234 Advanced Development Integrated Product Team. In the JATO contract, SAIC will improve the U.S. Navy's data collection and processing capabilities and also execute jammer optimization. Science Applications will enable the U.S. Navy to enha ...

Science Applications (SAIC) recently announced that it has received a $120 million contract from the Naval Supply Systems Command ("NAVSUP"). This contract follows other Naval projects, including a $375 million U.S. Navy contract for Modern Vehicle Fielding Integration and Support, a $80.5 million deal with MK 710 Torpedo System Test Set and an agreement with the U.S. Navy's Hypersonics Advanced Concepts and Strategic Missions Programs support. The latest NAVSUP contract is a five-year long, cost-plus fixed ...

F There are currently several broad macro signals telling us there could be a potential US economic slowdown. Despite this, broad equity markets have held up well, trading flat in the last two months near their previous all-time highs. With the European Central Bank, the first economic powerhouse to cut rates this week, delivering a 25 basis points relief to its policy rate, the question is what this means for companies with high revenue exposure to the US (and other major nations that are well away from th ...

Science Applications International Corporation's (SAIC) shares plunged 11.8% on Monday after the company reported lower-than-expected bottom-line results for the first quarter of fiscal 2025. The company reported first-quarter adjusted earnings of $1.92 per share, which missed the Zacks Consensus Estimate by a penny. The bottom line decreased 20% year over year due to a decline in revenues, increased internal investment and program performance milestones being weighted to the second half of the year. This w ...