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Science Applications International Corporation provides technical, engineering, mission IT, enterprise IT and professional services primarily for U.S. government customers. The company operates across defense, space, civilian and intelligence markets, with work that includes secure technology integration, infrastructure modernization, systems sustainment, mission assurance and support for critical national-security and civil-agency operations.
SAIC news commonly covers federal contract awards and task orders, program support for agencies such as the U.S. Navy, NASA and the Government Accountability Office, quarterly and annual financial results, dividends, board and executive changes, and community initiatives connected to veterans and military families.
SAIC has unveiled its comprehensive ESG strategy, outlining a three-year rolling plan focused on corporate responsibility and sustainability. The strategy, informed by stakeholder input and a 2023 materiality assessment, rests on three strategic pillars designed to create long-term value.
The company's ESG vision aims to establish SAIC as an industry leader in corporate responsibility, while its mission focuses on delivering business value through environmental stewardship, social responsibility, and workforce engagement. Key material areas identified include:
- Ethics and Compliance
- Cybersecurity, Data Security and Privacy
- Corporate Culture
- Employee Well-being and Talent Management
- Corporate Governance
- Diversity, Equity and Inclusion
The strategy emphasizes stakeholder engagement through business strategy sharing, direct feedback, and targeted partnerships to address specific opportunities.
SAIC reported strong Q3 FY2025 results with revenues of $1.98 billion, representing a 4.3% growth. Net income reached $106 million with adjusted EBITDA of $197 million (10.0% of revenues). The company achieved diluted earnings per share of $2.13 and adjusted diluted EPS of $2.61.
Key highlights include operating cash flows of $143 million, net bookings of $1.5 billion with a book-to-bill ratio of 0.7, and a significant $1.2 billion share repurchase program authorization. SAIC increased its FY2025 guidance for Revenue and Adjusted Diluted EPS, now expecting to exceed $25B in submissions compared to the prior $22B target.
Science Applications International Corp (SAIC) has announced that its board of directors has declared a quarterly cash dividend of $0.37 per share. The dividend will be paid on January 24, 2025, to stockholders of record as of January 10, 2025. The company expressed its intention to continue paying dividends quarterly, though future declarations will be subject to board approval and dependent on various factors including earnings, financial condition, and capital requirements.
SAIC has appointed John K. Tien, Jr., a U.S. Army veteran and former Deputy Secretary of Homeland Security, to its Board of Directors effective December 2, 2024. Tien will serve on the Board's Nominating and Corporate Governance Committee, expanding the board from eleven to twelve members. He brings extensive experience from government, military, and corporate sectors, including roles at DHS, Citigroup, and three presidential administrations. Currently, Tien serves as a distinguished professor at Georgia Institute of Technology and senior fellow at Harvard Kennedy School. He holds degrees from West Point, Oxford University as a Rhodes Scholar, and completed a National Security Fellowship at Harvard Kennedy School.
Science Applications International Corp (SAIC) has announced significant progress in its environmental sustainability initiatives. The company has reduced electrical energy consumption by 7.14% in 2023 from 2022 levels, achieving a total consumption of 25,833,192 kWh. SAIC has expanded its emissions reporting to include Scope 3 categories in 2023, adding Employee Commuting and Fuel and Energy Related Activity Emissions to their existing Business Travel and Leased Assets reporting. The company implements various sustainability practices, including a sustainable procurement program, responsible electronic waste disposal, and paper reduction initiatives through double-sided printing and recycled paper usage.
SAIC (NASDAQ: SAIC) has announced it will release its third quarter fiscal year 2025 results before market open on December 5, 2024. The company will host a conference call at 10:00 a.m. Eastern time to discuss operational and financial results. The call will be accessible via webcast through SAIC's Investor Relations website, with no dial-in option available. A supplemental presentation and on-demand audio replay will be provided on the website. SAIC is a Fortune 500 technology integrator with annual revenues of approximately $7.4 billion and 24,000 employees, focusing on defense, space, civilian, and intelligence markets.
SAIC Vice President of ESG Integration and DEI Initiatives Jeff Raver highlighted how small acts of allyship can significantly impact company culture. He shared an example from SAIC's Equality Alliance ERG, where an employee's rainbow ribbon pin led to a meaningful conversation about LGBTQ+ acceptance with her daughter. Raver emphasized that such initiatives, detailed in their recent Corporate Responsibility Report, contribute to SAIC's development as a talent magnet and solutions provider.
SAIC has released its 2024 Corporate Responsibility Report, detailing its environmental initiatives and commitments. The company implements ISO 14001 environmental management standards and reports performance through Global Reporting Initiative Standards 2021, TCFD, and CDP systems. SAIC employs the Greenhouse Gas Protocol methodology for emissions inventory and obtained Type 2 moderate assurance for 2023 emissions data. The company sets self-imposed goals for greenhouse gas emissions and energy conservation, while continuously assessing and addressing environmental risks through regular assessments.
SAIC has released its 2024 Corporate Responsibility Report highlighting its ethics and compliance achievements. The company's Ethics Office, part of the Risk, Ethics and Compliance organization, reports directly to the General Counsel and has access to the Board's Risk Oversight Committee. In FY24, 100% of employees acknowledged the Code of Conduct and completed required training, totaling nearly 55,000 hours of ethics and compliance education. The company maintains a 24/7 anonymous reporting system and enforces a strict non-retaliation policy. SAIC outperformed industry benchmarks across all eight ethical categories in their recent ethics survey, with leadership receiving exceptional ratings for fostering an ethical culture.
SAIC has released its 2024 Corporate Responsibility Report highlighting significant community engagement and philanthropic initiatives. Employee volunteering reached 29,000 hours in FY24, marking a 10% increase from the previous year and nearly 40% from FY22. The SAIC Foundation, established in 2020, has provided over $280,000 in emergency grants to employees facing financial hardships. The company focuses on four key areas: military and veteran resiliency, STEM education, community wellness, and diversity. A new diversity and inclusion focus was added this year to drive innovation and business performance.