RESTON, Va. – Science Purposes (NASDAQ:) Worldwide Company (NASDAQ: SAIC), a premier Fortune 500® know-how integrator, reported first-quarter earnings per share (EPS) of $1.92, aligning with analyst projections.
Income for the quarter marginally surpassed expectations, coming in at $1.85 billion in opposition to the consensus estimate of $1.84 billion, marking a slight enhance from the identical quarter final yr.
The corporate’s efficiency within the first quarter of fiscal yr 2025 noticed a 0.4% natural progress, reflecting the influence of divestitures. Nonetheless, revenues dipped by 9% in comparison with the earlier yr, primarily as a result of sale of the logistics and provide chain administration enterprise and contract completions, which was considerably offset by the ramp-up in quantity on current and new contracts.
SAIC’s web revenue stood at $77 million, with adjusted EBITDA reaching $166 million, or 9.0% of revenues. The diluted earnings per share for the quarter was $1.48, a lower from $1.79 within the prior yr’s quarter. The adjusted diluted EPS additionally noticed a discount from $2.14 to $1.92 year-over-year (YoY). The corporate’s web bookings for the quarter have been roughly $2.6 billion, boasting a book-to-bill ratio of 1.4.
For fiscal yr 2025, SAIC has reaffirmed its monetary steerage, anticipating income between $7.35 billion and $7.50 billion, with adjusted EBITDA anticipated to be within the vary of $680 million to $700 million.
The adjusted EBITDA margin is projected to be between 9.2% and 9.4%, and the adjusted diluted EPS is forecasted to be between $8.00 and $8.20. This steerage suggests a midpoint barely under the analyst consensus of $8.10 for adjusted EPS and squarely within the center for income estimates.
“We reported strong monetary leads to the quarter as we started executing in opposition to our enterprise progress technique launched at SAIC’s 2024 Investor Day,” mentioned SAIC CEO Toni Townes-Whitley. “We’re assured that the technique and investments we’re making finest place the corporate to maximise long-term shareholder worth.”
SAIC’s money flows from working actions have been $98 million, a 20% enhance from the prior yr. The corporate’s capital deployment in the course of the quarter amounted to $107 million, together with plan share repurchases, money dividends, and capital expenditures.
As the corporate continues its operations, it stays targeted on driving the nation’s digital transformation throughout protection, area, civilian, and intelligence markets, with a workforce of roughly 24,000 individuals and annual revenues of about $7.4 billion.
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