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CACI Issues Guidance For Its Fiscal Year 2015

Stocks in this article: CACI

CACI International Inc (NYSE: CACI), a leading information solutions and services provider to the federal government, issued its guidance for its Fiscal Year 2015 (FY15), which begins July 1, 2014, and reiterated its Fiscal Year 2014 (FY14) guidance.

Guidance for Fiscal Year 2015

For FY15 we expect revenue to be between $3.3 billion and $3.6 billion and net income to be between $125 million and $135 million. We expect that operating cash flow for the year will be approximately $200 million.

The table below summarizes our FY15 guidance ranges and represents our views as of June 25, 2014:

       

 

(In millions except for tax rate and earnings per share)

   

Fiscal Year 2015 Guidance

Revenue     $3,300 - $3,600
Net income attributable to CACI     $125 - $135
Effective corporate tax rate     38.5%
Diluted earnings per share     $5.10 - $5.51
Diluted weighted average shares     24.5
   

Commentary

Ken Asbury, CACI’s President and CEO said, “In FY14 we positioned CACI for long-term success by strengthening business development and enhancing our unique, high-end skills and capabilities, most notably with the acquisition of Six3 Systems. While we expect market uncertainties to persist in FY15, we believe that our differentiated position, operational excellence, and demonstrated ability to win contract awards will help offset the impact of constrained federal spending.

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