RESTON, Va. – Protection contractor CACI Worldwide Inc (NYSE: CACI) has introduced it’ll purchase an undisclosed firm, as acknowledged in a convention name held right now. The corporate’s govt leaders shared particulars of the definitive settlement in the course of the name, which included a subsequent question-and-answer session.
The acquisition, specifics of which weren’t disclosed within the press launch, marks a strategic transfer for CACI, recognized for its nationwide security-related providers and technological choices. The corporate boasts a workforce of 24,000 and is acknowledged for its experience in delivering options to fulfill buyer challenges in nationwide safety.
CACI holds a place as a Fortune World’s Most Admired Firm and is a part of the Fortune 1000 Largest Corporations, the Russell 1000 Index, and the S&P MidCap 400 Index. The corporate’s status is constructed on a tradition of fine character, relentless innovation, and constant excellence.
Buyers and events had been invited to entry the decision by means of CACI’s Investor Relations web site. A replay of the convention name shall be out there on the corporate’s web site, caci.com, for one 12 months after the occasion.
Within the press launch, CACI additionally cautioned that some statements made in the course of the convention name are forward-looking and topic to varied components that would trigger precise outcomes to vary from these anticipated. The corporate referred to threat components detailed in its Annual Report on Kind 10-Okay for the fiscal 12 months ended June 30, 2024, and different filings with the Securities and Alternate Fee.
This announcement relies on a press launch assertion and doesn’t embrace extra particulars concerning the acquisition, such because the title of the acquired firm or the monetary phrases. CACI’s strategic intentions and the implications of the acquisition for the market and buyers stay to be seen as additional info is launched.
In different latest information, CACI Worldwide skilled a 20% improve in This autumn income and a 14% rise for the total fiscal 12 months, surpassing its personal steering. The corporate additionally secured a document $14 billion in contract awards, and its backlog rose to a strong $32 billion, marking a 22% year-on-year improve. CACI’s EBITDA reached almost $800 million, and its free money circulate surpassed $380 million.
Analysts from BofA Securities and Baird have expressed optimism about CACI’s future. BofA Securities raised the inventory’s value goal from $450.00 to $535.00 and maintained a Purchase score, whereas Baird elevated its value goal to $544.
CACI has secured a number of important contracts. It secured an $80 million activity order to offer engineering assist to the U.S. Navy’s Naval Sea Techniques Command, and a possible six-year, $239 million activity order from the U.S. Military to offer intelligence evaluation and operations assist to U.S. forces in Europe and Africa.
For fiscal 12 months 2025, CACI initiatives a income progress of 6% to eight.5%, with an anticipated 11% improve in free money circulate per share. The corporate’s income is estimated to be between $7.9 billion and $8.1 billion, with adjusted internet earnings projected between $505 million and $525 million.
Lastly, CACI has been acknowledged with two Nunn-Perry Awards for its mentorship excellence underneath the Division of Protection (DoD) Mentor Protégé Program, highlighting the corporate’s dedication to fostering progress and innovation amongst small companies.
InvestingPro Insights
As CACI Worldwide Inc (NYSE: CACI) gears up for its strategic acquisition, buyers are intently monitoring the corporate’s monetary well being and market place. In accordance with InvestingPro information, CACI boasts a market capitalization of $10.62 billion, reflecting its substantial presence within the protection contracting business. The corporate’s P/E ratio stands at 25.38, suggesting that buyers could also be anticipating larger earnings sooner or later, even because it trades at a excessive P/E ratio relative to near-term earnings progress, an InvestingPro Tip to think about.
InvestingPro metrics additionally reveal a strong income progress of 14.28% during the last twelve months as of This autumn 2024, with a major quarterly improve of 19.68% in This autumn 2024. This progress trajectory signifies that CACI is increasing its operations successfully, possible contributing to the corporate’s determination to pursue acquisitions. Moreover, the agency’s gross revenue margin of 32.8% showcases its skill to keep up profitability amidst its progress efforts.
Buyers trying on the firm’s inventory efficiency will be aware that CACI is buying and selling close to its 52-week excessive, with a value 97.35% of this peak. This might replicate market confidence within the firm’s strategic strikes and operational efficiency. Regardless of not paying a dividend, as highlighted by one other InvestingPro Tip, CACI has skilled a big value uptick during the last six months, with a 27.79% whole return, underscoring the inventory’s attraction to growth-focused buyers.
For these contemplating a deeper dive into CACI’s financials and future prospects, InvestingPro affords extra ideas, with a complete of 11 ideas at present listed for the corporate. These insights might present worthwhile context for understanding CACI’s market dynamics and funding potential in mild of its latest acquisition announcement.
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
