other material
confidence high
sentiment positive
materiality 0.65
CACI launches $250M accelerated share repurchase, ~3.6% of shares outstanding
CACI INTERNATIONAL INC /DE/
- Initial delivery of ~675,000 shares on Jan 31, 2023; final settlement by end of Aug 2023.
- Repurchase covers ~845,000 shares at Jan 27 close, or ~3.6% of outstanding common stock.
- FY2023 interest expense expected $80-85M; diluted share count ~23.5M.
- Reiterates prior adjusted net income and adjusted EPS guidance for FY2023.