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Booz Allen Reports 6.4% Growth in Full FY 2022 Revenue; Horacio Rozanski Quoted

Booz Allen Hamilton (NYSE: BAH) saw its full fiscal year 2022 revenue rise 6.4 percent to $8.36 billion and ended the year with a total backlog of $29.2 billion, of which $3.7 billion was funded.

The McLean, Virginia-based management and information technology consulting firm said Friday its total backlog increased by 21.7 percent from the previous year’s figure of $24 billion and its full-year book-to-bill ratio was 1.36x.

For the full year, Booz Allen reported $934.9 million in adjusted earnings before interest, taxes, depreciation and amortization and saw its adjusted diluted earnings per share climb 8 percent to $4.21.

The company recorded $2.24 billion in revenue during the fourth quarter of FY 2022, up 13.1 percent from the prior-year period.

Booz Allen declared $90.8 million in Q4 FY 2022 net income, $148.3 million in operating income and a quarterly dividend of $0.43 per share that is payable on June 30 to shareholders of record as of June 15.

Horacio Rozanski, president and CEO of Booz Allen and a two-time Wash100 awardee, told analysts during an earnings call Friday about the company’s strong revenue growth, efforts to pursue growth initiatives through its velocity, leadership and technology or VoLT strategy and four operational priorities aimed at mitigating rising volatility in the second half of the fiscal year.

First, we must hire aggressively to fully capitalize on our record backlog and robust pipeline. Second, we must continue our track record of winning work aligned to our clients’ highest mission priorities,” said Rozanski.

Third, and of increased importance in an inflationary environment, we will continue to manage the business tightly, looking to direct our spend toward talent and strategic priorities while delivering on our bottom line commitments. And fourth, we must maximize the value of capital deployment activities with a focus on small to midsized strategic acquisitions,” he added.

Booz Allen Hamilton is a sponsor for GovCon Wire’s 2nd Annual Data Innovation Forum, where intelligence community and industry leaders will assemble to discuss the government’s data strategy in the digital age. Registration is now open for the June 9 event.

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