Booz Allen Hamilton Q3 Earnings Show Revenue Growth

Ticker: BAH · Form: 10-Q · Filed: Jan 31, 2025 · CIK: 1443646

Booz Allen Hamilton Holding CORP 10-Q Filing Summary
FieldDetail
CompanyBooz Allen Hamilton Holding CORP (BAH)
Form Type10-Q
Filed DateJan 31, 2025
Risk Levellow
Pages15
Reading Time18 min
Sentimentbullish

Sentiment: bullish

Topics: earnings, revenue-growth, financial-results

TL;DR

BAH Q3 revenue up to $3.08B, net income flat at $354M. Growth continues.

AI Summary

Booz Allen Hamilton Holding Corp reported its third-quarter results for the fiscal year ending December 31, 2024. The company's revenue for the nine months ended December 31, 2024, was $3,077 million, compared to $2,777 million for the same period in the prior year. Net income for the nine months ended December 31, 2024, was $354 million, an increase from $354 million in the prior year. The company's fiscal year ends on March 31.

Why It Matters

This filing provides insight into Booz Allen Hamilton's financial performance, indicating revenue growth which could signal strong demand for its consulting services in the current market.

Risk Assessment

Risk Level: low — The filing shows consistent financial performance and growth, with no immediate red flags.

Key Numbers

Key Players & Entities

FAQ

What was Booz Allen Hamilton's total revenue for the nine months ended December 31, 2024?

The total revenue for the nine months ended December 31, 2024, was $3,077 million.

How does the revenue for the nine months ended December 31, 2024, compare to the same period in the prior year?

Revenue increased from $2,777 million for the nine months ended December 31, 2023, to $3,077 million for the nine months ended December 31, 2024.

What was Booz Allen Hamilton's net income for the nine months ended December 31, 2024?

Net income for the nine months ended December 31, 2024, was $354 million.

Did net income change significantly compared to the prior year's nine-month period?

Net income remained stable at $354 million for the nine months ended December 31, 2024, compared to the same period in the prior year.

When is Booz Allen Hamilton's fiscal year end?

Booz Allen Hamilton's fiscal year ends on March 31.

Filing Stats: 4,584 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2025-01-31 06:49:17

Filing Documents

Financial Information

PART I. Financial Information 1

Financial Statements

ITEM 1 Financial Statements 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 21

Quantitative and Qualitative Disclosures About Market Risk

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk 40

Controls and Procedures

ITEM 4 Controls and Procedures 40

Other Information

PART II. Other Information 41

Legal Proceedings

ITEM 1 Legal Proceedings 41

Risk Factors

ITEM 1A Risk Factors 41

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 41

Defaults Upon Senior Securities

ITEM 3 Defaults Upon Senior Securities 41

Mine Safety Disclosures

ITEM 4 Mine Safety Disclosures 41

Other Information

ITEM 5 Other Information 41

Exhibits

ITEM 6 Exhibits 42 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

. Financial Statements

Item 1 . Financial Statements INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 5 Notes to Unaudited Condensed Consolidated Financial Statements 7 1. Business Overview 7 2. Basis of Presentation 7 3. Revenue 8 4. Earnings Per Share 10 5. Acquisition, Goodwill and Intangible Assets 11 6. Accounts Payable and Other Accrued Expenses 11 7. Accrued Compensation and Benefits 12 8. Debt 12 9. Derivatives 14 10. Income Taxes 15 11. Employee Benefit Plans 16 12. Accumulated Other Comprehensive Income / (Loss) 16 13. Stock-Based Compensation 17 14. Fair Value Measurements 18 15. Commitments and Contingencies 19 Table of Contents BOOZ ALLEN HAMILTON HOLDING CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share and per share data) December 31, 2024 March 31, 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 453,539 $ 554,257 Accounts receivable, net 2,223,712 2,047,342 Prepaid expenses and other current assets 169,142 137,310 Total current assets 2,846,393 2,738,909 Property and equipment, net of accumulated depreciation 177,267 188,279 Operating lease right-of-use assets 179,941 174,345 Intangible assets, net of accumulated amortization 580,062 601,043 Goodwill 2,404,941 2,343,789 Deferred tax assets 311,966 227,171 Other long-term assets 320,419 290,152 Total assets $ 6,820,989 $ 6,563,688 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 82,500 $ 61,875 Accounts payable and other accrued expenses 946,127 1,050,670 Accrued compensation and benefits 706,894 506,130 Operating lease liabilities 40,898 43,187 Other cur

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