A Note From Our President & Founder Jim Garrettson
Third quarter earnings season has come to a conclusion and the week of gives us a good checkpoint to see how the GovCon sector fared in this round.
Twenty-six out of 30 GovCon Index-listed contractors have reported financial results for their third quarters or other fiscal periods since the Sept. 30 market close with SAIC and military truck maker Navistar due to post earnings figures in December.
Of the 26 that released numbers, 19 met or exceeded Wall Street’s earnings expectations and 9 out of those 19 topped or equaled the consensus analyst forecast for both earnings and revenue.
Shipbuilding giant Huntington Ingalls also soared past analyst estimates and rocket manufacturer Orbital ATK exceeded The Street’s forecasts.
Radio maker Harris Corp. was in line with Street earnings expectations for that company’s first fiscal 2016 quarter, its first full three-month financial period since the Exelis acquisition.
GovCon’s services area also included many “beats” from players such as engineering firm AECOM, consultant Booz Allen and national security-health contractor Leidos.
This earnings season also featured outlooks from Index CEOs Tony Smeraglinolo of Engility, Sudhakar Kesavan of ICF International and Kelly Ortberg of Rockwell Collins on the two-year federal budget deal signed in November.
All three indicated the industry would have further clarity over the next two years as opposed to prior periods that featured stopgap funding measures and prospects of government shutdowns.
Jamila Taylor, a more than 25-year human resources executive, has been appointed chief HR officer at Guidehouse. She will report to Guidehouse Chief Operating Officer Charles Beard and oversee the company’s talent acquisition, human capital strategy, leadership and cultural development, learning and development, organizational design and performance management initiatives, the company said Monday. Beard said
Eleven companies have won spots on a potential five-year, $702.2 million contract from the Defense Logistics Agency to provide office document management systems and services to U.S. military branches. The contractors are eligible to lease A3, A4 and multifunction printing machines for up to 60 months under the indefinite-delivery/indefinite-quantity contract with an ordering period end
Amy Miller Feehery, formerly the director of business development at T-Rex Solutions, has been promoted to serve as the company’s vice president of business development. She brings subject matter expertise in national security to her new role as the Greenbelt, Maryland-based government information technology provider aims to grow its business operations, the company said Wednesday.
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for the sector beat The Street’s earnings and revenue forecasts: 
This earnings season also featured outlooks from Index CEOs 
