Science Applications Intl Corp Stock Price, News & Analysis

Science Applications International Corp. (NASDAQ: SAIC) has secured a new $229 million contract from the U.S. Department of Defense for the NORAD/USNORTHCOM Information Technology Enterprise Services (NITES) program. The contract focuses on providing critical IT solutions to advance the defense capabilities of NORAD and U.S. Northern Command.

SAIC will leverage its recent success in NORAD command and control modernization through the ABMS Cloud Based Command and Control program to enhance NORAD's Enterprise IT capability. The company will deploy skilled professionals and solutions in various areas, including IT service management, network modernization, automation of existing IT systems, cloud migration, and cybersecurity.

SAIC's 2024 Corporate Responsibility Report highlights the company's efforts in attracting, developing, and nurturing talent. Key initiatives include:

1. Creation of social communities of interest for employee support and informal training.

2. Emphasis on workplace flexibility, offering remote and hybrid options.

3. Focus on employee engagement and retention through an inclusive culture.

4. Strong employee referral program, with 32% of new hires coming from referrals in FY24.

5. Significant investment in employee development, with approximately 155,000 training hours completed in FY24.

These initiatives aim to enhance employee well-being, reduce environmental impact, and maintain SAIC's position as an industry leader in employee retention.

Science Applications International Corp (SAIC) has released its 2024 Corporate Responsibility Report, highlighting the company's commitment to sustainability and shaping the future. Key achievements include a 41% reduction in Scope 1 and 2 greenhouse gas emissions since 2019. SAIC emphasizes its focus on empowering customers through science and technology applications to tackle environmental challenges and contribute to global discussions on climate resilience.

The report underscores SAIC's core values: delivering excellence to customers, providing enriching careers for employees, and upholding responsibility to society and the environment. While acknowledging that more work is needed to combat climate change, SAIC remains committed to creating a brighter future for the world and the planet.

SAIC has released its fifth annual Corporate Responsibility Report, highlighting the company's progress in environmental stewardship, employee well-being, diversity, equity, and inclusion (DE&I), as well as ethics and corporate governance. The report, themed 'Integrity in Action,' aligns with SAIC's new growth strategy and one-enterprise mindset.

As a mission integrator, SAIC focuses on solving complex global challenges. The company's Environmental, Social, and Governance (ESG) goals are designed to advance technology and innovation, serving customers, employees, shareholders, and communities. The report showcases SAIC's achievements and reaffirms its commitment to integrating core values of innovation, inclusion, and integrity across all aspects of its work.

SAIC reported Q2 FY2025 results with revenues of $1.82 billion, indicating a 2% organic growth. The company achieved net income of $81 million and an adjusted EBITDA of $170 million, representing 9.4% of revenues. Diluted EPS was $1.58, with an adjusted diluted EPS of $2.05. Free cash flow increased to $241 million. However, operating income and net income declined significantly year-over-year.

SAIC's net bookings were $1.2 billion with a book-to-bill ratio of 0.6. The company raised its Adjusted Diluted EPS guidance for FY2025 to $8.10-$8.30 while maintaining other guidance metrics. Notable contract awards included a $134 million task order from the U.S. Treasury and a $206 million recompete from the Department of Veterans Affairs. SAIC declared a quarterly dividend of $0.37 per share payable on October 25, 2024.

SAIC, a leading technology and engineering company, has released its 2024 Corporate Responsibility Report, highlighting its commitment to diversity, equity, and inclusion (DE&I). The company has achieved parity for women in leadership roles at 28% and improved representation of people of color in leadership to 25%. SAIC's gender pay gap for non-executive employees is approximately 1%.

The company focuses on employee engagement, development, and talent acquisition, offering various leadership programs and leveraging Employee Resource Groups. SAIC also supports small and diverse businesses, spending over $420 million with these suppliers in FY24. The company has been recognized by several third-party organizations for its inclusive workforce, including Forbes and Newsweek.

Science Applications International Corp (NASDAQ: SAIC) has announced a quarterly cash dividend of $0.37 per share of common stock. The dividend will be payable on October 25, 2024 to stockholders of record as of October 11, 2024. SAIC has expressed its intention to continue paying dividends quarterly, subject to board approval. Future dividend declarations will be determined by the board of directors based on factors including earnings, financial condition, and capital requirements. This announcement demonstrates SAIC's commitment to providing regular returns to its shareholders while maintaining flexibility in its dividend policy.

Science Applications International Corp. (NASDAQ:SAIC) has released its fifth annual Corporate Responsibility Report, showcasing progress in environment, social, and governance (ESG) goals. Key highlights include:

1. Establishment of an Artificial Intelligence Council for responsible AI use
2. Introduction of a Human Rights Policy and updated Supplier Code of Conduct
3. Increased employee volunteering by 10% to 29,000 hours in FY24
4. Improved diversity in leadership: 73% of executive team are women or people of color
5. Achieved near gender pay equity with less than 1% gap
6. Reduced Scope 1 and 2 GHG emissions by 41% since 2019
7. Set new targets: 20% reduction in GHG emissions and 12% reduction in electrical energy use by 2030

The report aligns with global standards including GRI, TCFD, SASB, and UN SDGs, demonstrating SAIC's commitment to transparency and sustainability in its operations.

Science Applications International Corp (NASDAQ: SAIC) has announced its upcoming second quarter fiscal year 2025 earnings release and conference call. The company will issue its financial results before market open on Thursday, September 5, 2024. Following this, SAIC's executive management will host a conference call at 10:00 a.m. Eastern time to discuss the operational and financial results.

The conference call will be webcast live through the Investors Relations section of SAIC's website. Notably, the company will only provide webcast access, with no 'dial-in' option available. A supplemental presentation will also be accessible via the website. After the call, an on-demand audio replay of the webcast will be made available on SAIC's Investors Relations website for those unable to attend the live event.