Caci Intl Inc Stock Price, News & Analysis

CACI International reported fiscal Q3 2022 revenues of $1.6 billion, a 2.1% increase year-over-year. Net income fell to $95.4 million, a 20.7% decline, resulting in a diluted EPS of $4.04. Adjusted net income was $109.6 million, with an adjusted diluted EPS of $4.64. The company experienced short-term funding headwinds but maintains a robust backlog of $23.5 billion. Contract awards in Q3 totaled $1.2 billion, with 45% from new business. Guidance for FY22 was lowered, projecting revenues of $6.2 to $6.25 billion, reflecting ongoing challenges.

CACI International Inc has been awarded a $258 million task order to enhance its support for the Defense Agencies Initiative (DAI) under the DLA's J6 Enterprise Technology Services contract. This initiative continues CACI's work in modernizing financial management and business processes for Department of Defense (DoD) agencies. The three-year project will consolidate seven contracts, supporting 27 DoD agencies and up to 88,000 users. CACI aims to leverage advanced technologies to improve operational efficiency and has a strong history of clean audits since 2017.

CACI International Inc (NYSE: CACI) will release its fiscal 2022 third quarter financial results on April 27, 2022, after market close. A conference call is scheduled for April 28, 2022, at 8:30 AM ET for management to discuss the results, followed by a Q&A session. Investors can access the call and supporting materials on CACI’s investor relations website. CACI employs approximately 22,000 professionals and is recognized as a Fortune World's Most Admired Company, consistently delivering strong shareholder value.

CACI International Inc has successfully completed the Critical Design Review for its DemoSat small satellite program, aiming for a launch in early 2023. The initiative will deploy two mission payloads—alternative positioning, navigation, and timing (APNT) and tactical intelligence, surveillance, and reconnaissance (TacISR)—to low earth orbit. Partnering with York Space Systems, CACI aims to enhance military capabilities with advanced techniques in remote sensing and real-time geolocation, establishing its role in the competitive space sector.

CACI International Inc (NYSE: CACI) will participate in the J.P. Morgan 2022 Industrials Conference, featuring a fireside chat with CFO Tom Mutryn on March 16, 2022, at 9:40 a.m. ET. This event highlights CACI's commitment to addressing government enterprise challenges through expertise and technology. Investors can access a live audio webcast on CACI's Investor Relations website, with a replay available for 30 days following the event. The company remains a recognized leader in providing innovative solutions to its clients.

CACI International Inc (NYSE: CACI) will participate in the Raymond James 43rd Annual Institutional Investors Conference. The event features a fireside chat with CEO John Mengucci on March 8, 2022, at 3:25 p.m. ET. A live audio webcast will be available on the company's investor relations website, with a replay accessible for 30 days after the presentation. CACI, recognized as a Fortune World's Most Admired Company, employs approximately 22,000 people and is a member of the Fortune 500, Russell 1000, and S&P MidCap 400 indexes.

CACI International Inc (NYSE: CACI) announced that DeEtte Gray, President of Business and Information Technology Solutions, received the AFCEA International Women's Appreciation Award for 2022. The award honors AFCEA members who support women’s careers. Gray, who previously chaired AFCEA's Board, expanded STEM scholarships and is currently involved with the Children’s Science Center. She advocates for inclusivity in the workplace. CACI, recognized as a Top Workplace 2022, employs around 22,000 and is noted for its strong shareholder value and presence in the Fortune 500.

CACI International Inc (NYSE: CACI) recently celebrated the achievements of 10 employees at the 2022 Black Engineer of the Year Awards (BEYA) held in Washington D.C. from February 17-19. Notable recognition includes Notashia Thomas receiving the Dr. Eugene M. DeLoatch Legacy Award for her STEM outreach efforts. Additionally, nine employees earned the Outstanding Achievement Award for their contributions to STEM. CACI's sponsorship of the event highlights its commitment to diversity, inclusion, and workforce innovation, benefitting over 10,000 participants.