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Booz Allen Reported $2B in Q1 FY 2022 Revenue; Horacio Rozanski Quoted

Booz Allen Hamilton (NYSE: BAH) posted $1.99 billion in revenue for the first quarter of fiscal year 2022, up 1.7 percent from the prior-year period.

The Chantilly, Virginia-based management and information technology consulting firm said Friday it saw its total backlog rise by 16.5 percent to $26.8 billion in Q1 FY 2022 with a quarterly book-to-bill ratio of 1.30x.

Net income for the quarter dropped 28.8 percent to $92.1 million, while adjusted operating income jumped by 10.8 percent to $213.1 million.

The company’s adjusted earnings before interest, taxes, depreciation and amortization was $238.1 million in Q1 FY 2022, reflecting an 11.8 percent increase from the same period of FY 2021, and adjusted diluted earnings per share climbed 15.1 percent to $1.07.

Booz Allen reported a diluted EPS of $0.67 and a quarterly dividend of $0.37 per share that is payable on Aug. 31 to shareholders of record as of Aug. 16.

Horacio Rozanski, president and CEO of Booz Allen and a two-time Wash100 awardee, told analysts during an earnings call Friday about the performance of its defense and civilian businesses.

“In our Defense and Civil businesses, we are aligned to our governments top priorities, have a robust pipeline and several great wins in the quarter. These two parts of our portfolio represent three quarters of our revenue, and they continue to deliver solid growth,” he said.

Booz Allen Chief Financial Officer Lloyd Howell said the company’s defense segment saw a 4.4 percent revenue growth, while its civil business’ revenue rose 6 percent driven by the acquisition of Liberty IT Solutions in mid-June and robust performance of its health business.

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