CACI INTERNATIONAL INC /DE/ Files Q2 2024 10-Q Report

TL;DR

<b>CACI INTERNATIONAL INC /DE/ has filed its Q2 2024 10-Q report, detailing financial performance for the period ending December 31, 2023.</b>

AI Summary

CACI INTERNATIONAL INC /DE/ (CACI) filed a Quarterly Report (10-Q) with the SEC on January 25, 2024. CACI INTERNATIONAL INC /DE/ filed its 10-Q report for the period ending December 31, 2023. The filing covers the second quarter of fiscal year 2024. The company's fiscal year ends on June 30th. The filing was made on January 25, 2024. The company's principal business address is in Reston, VA.

Why It Matters

For investors and stakeholders tracking CACI INTERNATIONAL INC /DE/, this filing contains several important signals. This 10-Q filing provides investors with an updated view of CACI's financial health and operational performance for the second quarter of fiscal year 2024. The detailed financial statements and disclosures within this report are crucial for understanding the company's current financial position and future outlook.

Risk Assessment

Risk Level: — CACI INTERNATIONAL INC /DE/ shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant deviations from typical reporting.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to assess CACI's performance against expectations and industry trends.

Key Players & Entities

• CACI INTERNATIONAL INC /DE/ (company) — Filer
• Reston, VA (location) — Business Address
• 0000016058 (company_id) — Central Index Key
• 7373 (industry_code) — Standard Industrial Classification
• 541345888 (tax_id) — IRS Number
• DE (state) — State of Incorporation
• 1934 Act (regulation) — SEC Act
• 001-31400 (file_number) — SEC File Number

FAQ

Industry Context

CACI International Inc. operates in the computer integrated systems design industry, providing IT and business solutions and services.

Regulatory Implications

The filing is a standard Form 10-Q, a quarterly report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and cash flow.
2. Review management's discussion and analysis for insights into business performance and outlook.
3. Compare key financial metrics to previous periods and industry benchmarks.

Key Dates

• 2023-12-31: Fiscal Period End — End of the second quarter for fiscal year 2024.
• 2024-01-25: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the fiscal year 2024, following the 10-K annual report and potentially prior 10-Q filings from the previous fiscal year.

Key Financial Figures

• $0.10 — rnational Inc's common stock, par value $0.10 per share. CACI INTERNATIONAL INC P

Filing Documents

• caci-20231231.htm (10-Q) — 1122KB
• ex102rsu.htm (EX-10.2) — 108KB
• ex103prsu.htm (EX-10.3) — 124KB
• caci-20231231xex311.htm (EX-31.1) — 9KB
• caci-20231231xex312.htm (EX-31.2) — 10KB
• caci-20231231xex321.htm (EX-32.1) — 4KB
• caci-20231231xex322.htm (EX-32.2) — 4KB
• image_0.jpg (GRAPHIC) — 10KB
• image_0b.jpg (GRAPHIC) — 10KB
• 0000016058-24-000030.txt (&nbsp;) — 6093KB
• caci-20231231.xsd (EX-101.SCH) — 33KB
• caci-20231231_cal.xml (EX-101.CAL) — 58KB
• caci-20231231_def.xml (EX-101.DEF) — 123KB
• caci-20231231_lab.xml (EX-101.LAB) — 515KB
• caci-20231231_pre.xml (EX-101.PRE) — 308KB
• caci-20231231_htm.xml (XML) — 924KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Condensed Consolidated Statements of Operations 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Shareholders' Equity 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20 PART II: OTHER INFORMATION 22 Item 1.

Legal Proceedings

Legal Proceedings 22 Item 1A.

Risk Factors

Risk Factors 24 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24 Item 3. Defaults Upon Senior Securities 24 Item 4. Mine Safety Disclosures 24 Item 5. Other Information 24 Item 6. Exhibits 25

Signatures

Signatures 26 2 PART I FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) CACI INTERNATIONAL INC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Revenues $ 1,833,934 $ 1,649,416 $ 3,684,081 $ 3,255,175 Costs of revenues: Direct costs 1,255,251 1,094,314 2,528,169 2,150,086 Indirect costs and selling expenses 409,355 388,303 813,988 770,384 Depreciation and amortization 36,023 35,932 71,270 71,035 Total costs of revenues 1,700,629 1,518,549 3,413,427 2,991,505 Income from operations 133,305 130,867 270,654 263,670 Interest expense and other, net 27,519 19,942 53,090 36,135 Income before income taxes 105,786 110,925 217,564 227,535 Income taxes 21,916 23,824 47,647 51,309 Net income $ 83,870 $ 87,101 $ 169,917 $ 176,226 Basic earnings per share $ 3.76 $ 3.71 $ 7.56 $ 7.51 Diluted earnings per share $ 3.74 $ 3.68 $ 7.50 $ 7.44 Weighted-average basic shares outstanding 22,282 23,506 22,464 23,463 Weighted-average diluted shares outstanding 22,407 23,676 22,650 23,677 See Notes to Unaudited Condensed Consolidated Financial Statements 3 CACI INTERNATIONAL INC CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands) Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Net income $ 83,870 $ 87,101 $ 169,917 $ 176,226 Other comprehensive income (loss): Foreign currency translation adjustment 11,446 17,123 2,245 ( 366 ) Change in fair value of interest rate swap agreements, net of tax ( 19,222 ) ( 1,516 ) ( 13,790 ) 14,013 Total other comprehensive income (loss), net of tax ( 7,776 ) 15,607 ( 11,545 ) 13,647 Comprehensive income $ 76,094 $ 102,708 $ 158,372 $ 189,873 See Notes to Unaudited Condensed Consolidated Financial Statements 4 CACI INTERNATIONAL INC CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) December 31, 2023 June 30, 2023 ASSETS Current assets: Cash and ca

View Full Filing

View this 10-Q filing on SEC EDGAR