Tag Archives: financial report

November 2 Market Close: GovCon Index Down Slightly in US Stock Market Selloff

Executive Mosaic’s GovCon Index closed narrowly down in the midst of a larger selloff in U.S. financial markets Wednesday as declines by defense primes offset gains on guidance boosts by government services contractors Booz Allen Hamilton (NYSE: BAH) and ICF (Nasdaq: ICFI) along with a sharp rise by McKesson Corp. (NYSE: MCK). By …

Read More »

Booz Allen Boosts Earnings & Revenue Outlooks on 2Q Beat, Headcount Increase

GovCon Index-listed contractor Booz Allen Hamilton (NYSE: BAH) lifted full fiscal year earnings and revenue guidance Wednesday as the government consulting and engineering services contractor also raised employee headcount during the second fiscal quarter ended Sept. 30. McLean, Virginia-based Booz Allen now expects $1.68-$1.75 earnings per share versus the previous $1.65-$1.75 range …

Read More »

ICF Lifts Full-Year Earnings Guidance on Govt, Energy Market Outlooks

GovCon Index-listed contractor ICF (Nasdaq: ICFI) lifted full-year earnings guidance to a range above the consensus Wall Street forecast Tuesday and slightly increased revenue projections to a range in-line with analysts’ expectations. Fairfax, Virginia-based ICF said in its third quarter financial statement it expects earnings of $2.91-$2.96 per share versus analyst forecasts of a $2.88 …

Read More »

November 1 Market Close: GovCon Index Flat, Harris & Engility Bounces Offset By Aerospace Declines

Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovCon Index …

Read More »

Engility Highlights 3Q Contract Bookings in ‘Best-Value’ Strategy Shift Versus LPTA

Engility Corp. (NYSE: EGL) described to investors Thursday three third quarter contract wins and the loss of another as examples of its shift toward pursuits of larger “best-value” programs versus lowest-price, technically-acceptable work. A slide in the company’s third quarter earnings call presentation highlighted its potential five-year, $369 million contract announced in October for engineering and technical services …

Read More »

Harris & Engility Top Wall Street’s Quarterly Earnings Forecasts, KBR Reports 3Q Net Loss

Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter results above Wall Street’s consensus forecasts and in conjunction announced a $425 million sale of its CapRock communications business as …

Read More »

October 31 Market Close: GovCon Index Closes in Tight Range, Ends October Decline to Start New Earnings Week

Executive Mosaic’s GovCon Index traded in tight range Monday to record its third straight monthly decline with a second week of quarterly financial reports from GCI companies set to begin Tuesday morning. U.S. stocks also struggled for direction Monday in the start of the final full trading week before the presidential election …

Read More »

October 31 Morning Report: GovCon Index Records 1.039% Drop Friday to Close 5th Weekly Loss

Executive Mosaic’s GovCon Index posted a 1.039-percent or 0.830-point decline Friday to close at 79.036 and record its fifth consecutive weekly loss. Friday saw Northrop Grumman (NYSE: NOC) as the GCI’s best net performer followed by L-3 Communications (NYSE: LLL) and General Dynamics (NYSE: GD), while AECOM (NYSE: ACM), L-3 Communications and KBR (NYSE: KBR) were the …

Read More »

October 28 Market Close: GovCon Index Falls to 5th Consecutive Weekly Loss on McKesson Earnings Miss

Executive Mosaic’s GovCon Index fell at least 1 percent for a second straight time Friday to post its fifth consecutive weekly loss after pharmaceutical services provider McKesson Corp. (NYSE: MCK) issued a guidance cut due to nationwide drug pricing pressure on wholesalers. GovCon Index gainers outnumbered laggers at a 2-to-1 ratio and eight …

Read More »

October 27 Market Close: GovCon Index Tumbles on Raytheon & L-3 Guidance Misses, Other Defense Primes Lag

Executive Mosaic’s GovCon Index posted its biggest percentage decline in four weeks Thursday after Raytheon (NYSE: RTN) and L-3 Communications (NYSE: RTN) posted guidance ranges below Wall Street analysts’ expectations with other large defense primes also the GCI’s largest drags. GovCon Index decliners outnumbered advancers at a 4-to-1 ratio and McKesson …

Read More »