SAIC Q2 adj. EPS $2.05 vs $1.75; raises FY2024 revenue and EPS guidance

Science Applications International Corp

2024-Q2 EPS reported $6.35 revenue$3,812,000,000

Revenue $1.78B, organic growth 8.3% (adjusted for divestitures and FSA deconsolidation).
Net income $247M, diluted EPS $4.56; adjusted EPS $2.05 (17% YoY growth).
Adjusted EBITDA margin 9.8% (up 70 bps YoY); adjusted operating income margin 7.5% (up 70 bps).
Raised FY2024 guidance: revenue $7.20-7.25B, adjusted EPS $7.20-7.40 (from $7.00-7.20).
Notable awards: $1.3B Treasury T-Cloud IDIQ, $575M Space Force GMASS, $520M space/intel contracts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Science Applications International Corp reported second fiscal quarter ended August 4, 2023 results: revenue $1.78 billion, net income $247 million, EPS $4.56. Guidance raised.

Period: second fiscal quarter ended August 4, 2023
Revenue: $1.78 billion
Net income: $247 million
EPS: $4.56
Guidance: raised
Result: reported results

Exact text from the filing

EX-99.1 (EARNINGS RELEASE) --- EX-99.1 2 saic-ex991_20230907.htm EARNINGS RELEASE Document Exhibit 99.1 SAIC Announces Second Quarter of Fiscal Year 2024 Results • Revenues of $1.78 billion; 8.3% organic growth adjusted for impact of divestitures • Net income of $247 million; Adjusted EBITDA (1) of $174 million or 9.8% as a % of revenues, an increase of 70 bps

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Source: SEC EDGAR

accession 0001571123-23-000110

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