This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CACI Issues Guidance For Its Fiscal Year 2014

CACI International Inc (NYSE: CACI), a leading information solutions and services provider to the federal government, issued its guidance for its Fiscal Year 2014 (FY14), which begins July 1, 2013, and reiterated its Fiscal Year 2013 (FY13) revenue and net income guidance.

Guidance for Fiscal Year 2014

For FY14 we expect revenue to be between $3.5 billion and $3.7 billion. We expect net income to be between $142 million and $152 million and diluted earnings per share (EPS) to be between $5.70 and $6.10. Our FY14 guidance assumes that the number of diluted weighted average shares will be approximately 24.9 million. We expect that operating cash flow for the year will be approximately $225 million. The guidance does not include the impact of future acquisitions.

The table below summarizes our FY14 guidance ranges and represents our views as of June 26, 2013:

(In millions except for earnings per share)
      Fiscal Year 2014
Revenue       $3,500 - $3,700
Net income attributable to CACI       $142 - $152
Effective corporate tax rate       39%
Diluted earnings per share       $5.70 - $6.10
Diluted weighted average shares       24.9


Ken Asbury, CACI’s President and CEO said, “In FY14 we will continue to focus on a strategy of winning business in our large addressable market, driving operational excellence in the delivery of our solutions and services to our customers, and accelerating our mergers and acquisitions program to broaden and deepen new and existing customer relationships and expand our capabilities. We expect that the U.S. Government will operate under sequestration during our full fiscal year beginning July 1 st, and that the uncertain environment the industry is experiencing will continue. In addition, we believe that continuing resolutions for the government’s FY14 are highly likely. Our FY14 planning process factored in the risks from uncertainty, as we understand them today.

“The expense reduction actions we have taken position us to be more competitive for future organic earnings and cash flow growth. With M&A continuing as the top priority for the deployment of our capital, we also intend to accelerate growth in areas where we see the opportunity to acquire businesses that are strategic and cultural fits with CACI. We are confident these actions will advance our goal of building long-term shareholder value.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs