Home / Financial Report / CACI Reports $1.8B in 1Q Contract Wins, Profit Up 2%; Dan Allen Comments

CACI Reports $1.8B in 1Q Contract Wins, Profit Up 2%; Dan Allen Comments

Dan Allen

CACI International (NYSE: CACI) has announced financial results for its first quarter of fiscal year 2013, ended Sept. 30, 2012.

The company reported $1.8 billion in contract awards for the quarter, along with a 2.1 percent increase in adjusted revenue compared to the prior year period.

Revenue for the quarter totaled $931.2 million and the company also reported profit attributable to CACI at $35.7 million, representing a 2.1 year-over-year increase.

“We delivered first quarter record revenue, earnings per share, operating cash flow and achieved our net income goal, ” President and CEO Dan Allen said in the release. “We had a strong quarter of awards, particularly from our C4ISR, business systems, healthcare, and logistics and material readiness markets.

“Funding in the quarter also was strong, which increased our funded backlog by 24 percent over our year-end FY12 level, indicating that our FY13 performance is proceeding according to our plan.”

Allen also addressed the potential effects of sequestration on the company’s outlook for the rest of fiscal 2013 (our sister site ExecutiveBiz has more on Allen’s comments, here)

Total backlog as of Sept. 30, 2012 was $8.0 billion, funded backlog as of that date was $2.45 billion and funding orders in the first quarter totaled $1.4 billion.

The company also reported growth in eight of its ten markets and singled out healthcare, business systems, enterprise information technology and investigative and litigation support.

During the most recent quarter, the company won prime positions on five new multiple-award indefinite-delivery/indefinite-quantity contracts, bringing its total number of such vehicles to 70.

Those wins include:

  • a $300 million Air Force cyber research and development contract
  • a $122 million Navy enterprise and readiness metrics prime contract
  • a $7 billion Army software and systems engineering contract
  • a $247 million Army C4ISR technology prototyping contract
  • a $780 million Navy training data product contract

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