Caci Intl Inc Stock Price, News & Analysis

CACI International Inc has recognized 13 employees for their achievements in science, technology, engineering, and math (STEM) at the 37th Global Competitiveness Conference for the Black Engineer of the Year Awards (BEYA) held from Feb. 9-11. Notably, Lewis Pate, Ph.D., received the Community Service Award for his contributions to STEM education. Besides Pate, 12 others were honored with the Outstanding Achievement Award for their impact in STEM fields. CACI supports BEYA's mission to promote STEM education and enhance diversity and inclusion within the industry.

CACI International Inc (NYSE: CACI) recently sponsored the Great Minds in STEM (GMiS) Class of 2022 Honoree Welcome event, which recognized 80 students inducted into the GMiS Scholars Society. CACI awarded scholarships to five students, supporting their academic pursuits in STEM fields. This sponsorship highlights CACI's commitment to diversity and inclusion, contributing to an inclusive culture that promotes STEM careers in underserved communities. With approximately 22,000 employees, CACI consistently delivers strong shareholder value and ranks among the top employers for various demographics.

CACI International Inc (NYSE: CACI) has signed a five-year Cooperative Research and Development Agreement (CRADA) with the U.S. Army Space and Missile Defense Technical Center to develop advanced payload technologies and resilient Positioning, Navigation & Timing (PNT) applications. The initiative follows a planned 2023 satellite launch to test multi-mission small satellite payloads, aiming to enhance GPS resiliency and perform tactical signals intelligence (TacISR). Technologies include laser communications and AI, with military applications under consideration. CACI's advancements position it to strengthen its role in the contested space domain.

CACI International has demonstrated its commitment to community engagement through various charitable initiatives this holiday season. Employees participated in fundraising for the MK9 Service Dog Program, aiding veterans in need of service dogs. The company also supported the Marine Corps' Toys for Tots campaign by donating toys, contributed to Operation Care Package for 318 overseas employees, and organized a Salvation Army food drive. Additionally, CACI volunteers participated in Wreaths Across America, honoring fallen service members. With approximately 22,000 employees, CACI continues to ensure strong community ties while being recognized as a top company in the industry.

CACI International Inc (NYSE: CACI) showcased its latest intelligence, surveillance, and reconnaissance (ISR) and electronic warfare (EW) technologies during the U.S. Army’s Project Convergence Technology Gateway event. The demonstration, held from September to November, highlighted CACI’s low-size, weight, and power (SWaP) solutions enabling real-time situational awareness. Technologies like Spectral Sieve and Pit Viper were able to deliver critical battlefield information without GPS access. These advancements support CACI’s commitment to enhancing customer mission effectiveness in complex environments.

CACI International has announced an accelerated share repurchase agreement (ASR) to buy back $250 million of common stock, part of a $750 million program. This buyback will account for about 3.6% of its outstanding shares, equating to approximately 845,000 shares based on the closing price from January 27, 2023. The initial delivery will include approximately 675,000 shares, with completion expected by the end of August 2023. CACI also anticipates fiscal year 2023 interest expenses between $80 and $85 million and expects adjusted earnings per share to remain stable despite this buyback.

CACI International Inc has authorized a share repurchase program of up to $750 million, with an accelerated share repurchase (ASR) of $250 million to be executed promptly. This decision reflects the company's strong financial position, increased revenue, and commitment to delivering shareholder value amidst national security and modernization priorities. CACI's Board retains flexibility in managing the repurchase process, which does not have an expiration date. CEO John Mengucci emphasized confidence in future growth, bolstered by strong cash flow and liquidity.

CACI International Inc (NYSE: CACI) reported strong financial results for its fiscal second quarter ended December 31, 2022. Revenues reached $1.6 billion, representing an 11% year-over-year growth. Net income stood at $87.1 million with a diluted EPS of $3.68. Despite the growth, adjusted net income decreased by 2.3% to $101.3 million and adjusted diluted EPS fell 2.5% to $4.28, impacted by higher interest expenses and tax rates. Contract awards totaled $3.5 billion, with significant contributions from new business. Total backlog increased by 10% to $26.5 billion.