CACI INTERNATIONAL INC /DE/ Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>CACI INTERNATIONAL INC /DE/ filed its quarterly 10-Q report for the period ending March 31, 2024.</b>

AI Summary

CACI INTERNATIONAL INC /DE/ (CACI) filed a Quarterly Report (10-Q) with the SEC on April 24, 2024. CACI INTERNATIONAL INC /DE/ filed a 10-Q report on April 24, 2024. The report covers the fiscal period ending March 31, 2024. The company's fiscal year ends on June 30. The filing is for the third quarter of the fiscal year. The company's principal executive offices are located 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 update on CACI's financial performance and operational status for the third quarter of its fiscal year. Understanding the details within this report is crucial for assessing the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: low — CACI INTERNATIONAL INC /DE/ shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand CACI's performance in Q3 FY2024.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-04-24 — Filing Date (Filed as of Date)
• 06-30 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• CACI INTERNATIONAL INC /DE/ (company) — Filer of the report
• Reston, VA (location) — Location of principal executive offices

FAQ

Industry Context

CACI International Inc. operates in the IT and professional services sector, primarily serving government clients.

Regulatory Implications

The filing is a standard Form 10-Q, which is a mandatory quarterly report for publicly traded companies in the United States, regulated by the SEC.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for the quarter ended March 31, 2024.
2. Review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for insights into performance drivers.
3. Check for any new risk factors or updates to existing ones disclosed in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-24: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the most recent quarterly filing available for CACI INTERNATIONAL INC /DE/ as of the filing date.

Key Financial Figures

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

Filing Documents

• caci-20240331.htm (10-Q) — 1095KB
• caci-20240331xex311.htm (EX-31.1) — 9KB
• caci-20240331xex312.htm (EX-31.2) — 10KB
• caci-20240331xex321.htm (EX-32.1) — 4KB
• caci-20240331xex322.htm (EX-32.2) — 4KB
• 0000016058-24-000070.txt (&nbsp;) — 5627KB
• caci-20240331.xsd (EX-101.SCH) — 32KB
• caci-20240331_cal.xml (EX-101.CAL) — 58KB
• caci-20240331_def.xml (EX-101.DEF) — 115KB
• caci-20240331_lab.xml (EX-101.LAB) — 459KB
• caci-20240331_pre.xml (EX-101.PRE) — 299KB
• caci-20240331_htm.xml (XML) — 913KB

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 March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Revenues $ 1,937,456 $ 1,744,270 $ 5,621,537 $ 4,999,445 Costs of revenues: Direct costs 1,290,903 1,143,781 3,819,072 3,293,867 Indirect costs and selling expenses 430,134 410,235 1,244,122 1,180,619 Depreciation and amortization 35,115 35,220 106,385 106,255 Total costs of revenues 1,756,152 1,589,236 5,169,579 4,580,741 Income from operations 181,304 155,034 451,958 418,704 Interest expense and other, net 27,668 23,570 80,758 59,705 Income before income taxes 153,636 131,464 371,200 358,999 Income taxes 38,286 30,722 85,933 82,031 Net income $ 115,350 $ 100,742 $ 285,267 $ 276,968 Basic earnings per share $ 5.17 $ 4.37 $ 12.73 $ 11.87 Diluted earnings per share $ 5.13 $ 4.33 $ 12.63 $ 11.76 Weighted-average basic shares outstanding 22,292 23,055 22,407 23,329 Weighted-average diluted shares outstanding 22,478 23,277 22,593 23,546 See Notes to Unaudited Condensed Consolidated Financial Statements 3 CACI INTERNATIONAL INC CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands) Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Net income $ 115,350 $ 100,742 $ 285,267 $ 276,968 Other comprehensive income (loss): Foreign currency translation adjustment ( 3,500 ) 4,025 ( 1,255 ) 3,659 Change in fair value of interest rate swap agreements, net of tax 7,373 ( 10,001 ) ( 6,417 ) 4,012 Total other comprehensive income (loss), net of tax 3,873 ( 5,976 ) ( 7,672 ) 7,671 Comprehensive income $ 119,223 $ 94,766 $ 277,595 $ 284,639 See Notes to Unaudited Condensed Consolidated Financial Statements 4 CACI INTERNATIONAL INC CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) March 31, 2024 June 30, 2023 ASSETS Current assets: Cash and cash e

View Full Filing

View this 10-Q filing on SEC EDGAR