Revenues of $2.2 billion, up 11.8% YoY

Net income of $111.9 million and diluted EPS of $5.00

Adjusted net income of $139.3 million and adjusted diluted EPS of $6.23, up 8.5% YoY

EBITDA of $253.5 million and EBITDA margin of 11.7%, up 40 bps YoY

Contract awards of $2.5 billion and a book-to-bill of 1.2x

RESTON, Va.: #LimitlessPotential--The Contract Awards (Unaudited) table has been updated.

The updated press release reads:

CACI REPORTS RESULTS FOR ITS FISCAL 2025 THIRD QUARTER AND RAISES FISCAL YEAR GUIDANCE

Revenues of $2.2 billion, up 11.8% YoY

Net income of $111.9 million and diluted EPS of $5.00

Adjusted net income of $139.3 million and adjusted diluted EPS of $6.23, up 8.5% YoY

EBITDA of $253.5 million and EBITDA margin of 11.7%, up 40 bps YoY

Contract awards of $2.5 billion and a book-to-bill of 1.2x

CACI International Inc (NYSE: CACI), a leading provider of expertise and technology to government customers, announced results today for its fiscal third quarter ended March 31, 2025.

“Our third quarter results are a continuation of the exceptional performance that CACI has been reliably delivering. Our double-digit revenue growth, increased profitability, strong cash flow, and growing backlog underscore our successful strategy, differentiated software-based approach, and superior execution for our customers,” said John Mengucci, CACI President and Chief Executive Officer. “Continuing our flexible and opportunistic approach to capital deployment, we executed an open market share repurchase program just one quarter after closing on two strategic acquisitions. With the strong performance of our business, we are again able to raise our fiscal year 2025 guidance, are on track to achieve our three-year financial targets, and remain well positioned to provide long-term value for our customers and our shareholders.”

Third Quarter Results

Revenues in the third quarter of fiscal year 2025 increased 11.8 percent year-over-year, driven by 5.6 percent organic growth, as well as acquisitions completed in the last twelve months. The increase in income from operations was driven by higher revenues and gross profit. Diluted earnings per share reflects increases in intangible amortization and interest expense, and a higher tax provision, partially offset by higher income from operations and share repurchases. Growth in adjusted diluted earnings per share was driven by higher income from operations and share repurchases, partially offset by higher interest expense and a higher tax provision. The increase in cash from operations, excluding MARPA, was driven primarily by effective working capital management.

Third Quarter Contract Awards

Contract awards in the third quarter totaled $2.5 billion, with more than 60 percent for new business to CACI. Awards exclude ceiling values of multi-award, indefinite delivery, indefinite quantity (IDIQ) contracts. Some notable awards during the quarter were:

• CACI was awarded a seven-year task order valued at up to $434 million to provide digital financial management solutions to an intelligence community customer. CACI’s software-defined systems and functional knowledge will help modernize this customer’s outdated legacy technology, unlock value, and overcome regulatory bottlenecks with secure, reliable, and compliant systems that drive digital transformation, increase efficiency, and ensure clean audits.
• CACI was awarded a contract modification valued at nearly $400 million to continue procurement, training, and fielding for a mission-essential system built by CACI using commercial software-based technology. This proven, mature solution puts advanced signals intelligence (SIGINT) and electronic warfare (EW) capabilities directly in the hands of warfighters operating in high-risk, contested environments. With this latest award, CACI’s total contract value has increased to approximately $500 million.
• CACI was awarded a five-year task order valued at up to $158 million to provide advanced expertise to help a Department of Defense (DoD) customer meet its production, modernization, and sustainment goals.
• CACI was awarded additional work to procure enhancements to a currently fielded EW system. The $143 million firm-fixed-price delivery order represents a new phase of work that will bring additional functionality and improvements to this DoD customer.
• CACI was awarded a 12-month contract modification worth more than $120 million to continue modernizing and defending cyber networks that protect and advance critical C5ISR capabilities. With this latest award, CACI’s total contract value has increased to nearly $615 million.
• CACI was awarded a contract valued at up to $93 million to provide spectrum superiority expertise to a customer within the intelligence community.
• CACI was awarded a five-year task order valued at up to $66 million to continue supporting the U.S. Navy’s Naval Sea Systems Command (NAVSEA) and the Naval Surface Warfare Center (NSWC) Carderock Division. CACI, powered by technology and data-driven insights, ensures the Navy can address both pressing and evolving needs — including ship collision response, submarine control and maneuvering simulations, and the development of autonomous ships and systems.
• CACI was awarded a five-year task order valued at up to $54 million to continue supporting the U.S. Army Product Manager Ground Sensors (PM GS). CACI will provide current and future operational capability and efficiency throughout the life cycle of critical ground sensors, including night vision, electro-optics, and thermal systems used by warfighters at home and abroad. This work is vital in protecting our soldiers with cutting-edge software-defined solutions that enhance their situational awareness and combat effectiveness.

Total backlog as of March 31, 2025 was $31.4 billion compared with $28.6 billion a year ago, an increase of 9.8 percent. Funded backlog as of March 31, 2025 was $4.2 billion compared with $3.2 billion a year ago, an increase of 31.3 percent.

Additional Highlights

• CACI was awarded a prestigious bronze Edison Award™ for CrossBeam®, a fully integrated, compact, and robust free space optical system designed for low-cost, high-volume manufacturing. CACI is a leader at rapidly prototyping and leveraging commercial practices to iterate software-defined developments, enhancements, and deployments in real time. Our award-winning innovations are also a direct result of our foresight to invest ahead of customer need by dedicating resources to emerging, cutting-edge capabilities that pioneer how we protect our nation’s assets and interests from ground to sea to space. The Edison Awards recognize the world's top innovations, products, services, and business leaders, honoring the most exemplary technology and innovation. This is CACI’s fourth Edison Award.
• CACI entered into a five-year Cooperative Research and Development Agreement with the United States Military Academy (USMA) at West Point to collaboratively advance (EW) technologies to support future U.S. Army missions. CACI aims to strengthen the pipeline of future SIGINT and EW operators while also improving relationships with future customers and partners to support ongoing national security mission objectives. West Point will provide input as a leader in military innovation and education. Through this effort, CACI, working jointly with the USMA, will continue to drive innovation, expand technical impact, and deliver mission-critical solutions to support national defense.
• Fortune recognized CACI as a World’s Most Admired Company for 2025, marking the company’s eighth consecutive year on the list and its 14th overall appearance. CACI achieved impressive results in Fortune’s survey and was acknowledged for its innovation, long-term investment, financial soundness, and the quality of the company’s expertise and technology.
• For the fifth consecutive year, CACI was named a Top Workplace USA by employee engagement technology partner Energage, LLC. This latest accolade is a testament to the company’s strong culture and legacy, which spans more than 60 years. CACI earned this designation after receiving specific recognition and praise from respondents for its impressive leadership, workplace environment, integrity, and opportunities, all of which exceed industry benchmarks.

Fiscal Year 2025 Guidance

The table below summarizes our fiscal year 2025 guidance and represents our views as of April 23, 2025.

Conference Call Information

We have scheduled a conference call for 8:00 a.m. Eastern time Thursday, April 24, 2025 during which members of our senior management will be making a brief presentation focusing on third quarter results and operating trends, followed by a question-and-answer session. You can listen to the webcast and view the accompanying exhibits on CACI’s investor relations website at http://investor.caci.com/events/default.aspx at the scheduled time. A replay of the call will also be available on CACI’s investor relations website at http://investor.caci.com/.

About CACI

At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at www.caci.com.

There are statements made herein that do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to risk factors that could cause actual results to be materially different from anticipated results. These risk factors include, but are not limited to, the following: our reliance on U.S. government contracts, which includes general risk around the government contract procurement process (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; significant delays or reductions in appropriations for our programs and broader changes in U.S. government funding and spending patterns; legislation that amends or changes discretionary spending levels or budget priorities, such as for homeland security or to address global pandemics like COVID-19; legal, regulatory, and political change from successive presidential administrations that could result in economic uncertainty; changes in U.S. federal agencies, current agreements with other nations, foreign events, or any other events which may affect the global economy, including the impact of global pandemics like COVID-19; the results of government audits and reviews conducted by the Defense Contract Audit Agency, the Defense Contract Management Agency, or other governmental entities with cognizant oversight; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); failure to achieve contract awards in connection with re-competes for present business and/or competition for new business; regional and national economic conditions in the United States and globally, including but not limited to: terrorist activities or war, changes in interest rates, currency fluctuations, significant fluctuations in the equity markets, and market speculation regarding our continued independence; our ability to meet contractual performance obligations, including technologically complex obligations dependent on factors not wholly within our control; limited access to certain facilities required for us to perform our work, including during a global pandemic like COVID-19; changes in tax law, the interpretation of associated rules and regulations, or any other events impacting our effective tax rate; changes in technology; the potential impact of the announcement or consummation of a proposed transaction and our ability to successfully integrate the operations of our recent and any future acquisitions; our ability to achieve the objectives of near term or long-term business plans; the effects of health epidemics, pandemics and similar outbreaks may have material adverse effects on our business, financial position, results of operations and/or cash flows; and other risks described in our Securities and Exchange Commission filings.

CACI International Inc Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share data)
	Three Months Ended									Nine Months Ended
	3/31/2025			3/31/2024			% Change			3/31/2025			3/31/2024			% Change
Revenues	$	2,166,982		$	1,937,456		11.8	%		$	6,323,680		$	5,621,537		12.5	%
Costs of revenues:
Direct costs		1,434,735			1,290,903		11.1	%			4,251,384			3,819,072		11.3	%
Indirect costs and selling expenses		480,917			430,134		11.8	%			1,375,524			1,244,122		10.6	%
Depreciation and amortization		54,961			35,115		56.5	%			139,264			106,385		30.9	%
Total costs of revenues		1,970,613			1,756,152		12.2	%			5,766,172			5,169,579		11.5	%
Income from operations		196,369			181,304		8.3	%			557,508			451,958		23.4	%
Interest expense and other, net		45,117			27,668		63.1	%			113,153			80,758		40.1	%
Income before income taxes		151,252			153,636		-1.6	%			444,355			371,200		19.7	%
Income taxes		39,392			38,286		2.9	%			102,380			85,933		19.1	< If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter. Related news COVU Announces Fifth Acquisition with Leland Insurance Services, Expands Operational Strength Across California Balance proudly supports Bow Valley Credit Union’s launch of the Bitcoin Gateway Cerebras Partners with Hugging Face, DataRobot, Docker to bring World’s Fastest Inference to AI Developers and Agents PG&E and Bridger Photonics Team Up to Boost Methane Leak Detection and Improve Safety and Efficiency IPinfo Expands Privacy Detection Capabilities with Advanced Residential Proxy Coverage Google Cloud Managed Lustre, Powered by DDN EXAScaler Offering High-Performance File System, Now Generally Available for AI and HPC Workloads Bow Valley Credit Union Launches Canada’s First Bitcoin Gateway Drive Health Names Leeza Constantoulakis as Chief Nursing Officer Last News RSA at Cybertech Europe 2024 Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for… Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes How Austria is making its AI ecosystem grow Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries Sparkle and Telsy test Quantum Key Distribution in practice Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing… Most read Roblox to Report Second Quarter 2025 Financial Results on July 31, 2025 Roblox Corporation (NYSE: RBLX) today announced that it will report the company’s second quarter 2025 financial results before the opening of the U.S.… NiCE Unveils 2025 International CX Excellence Award Winners, Spotlighting… #AI--NiCE (Nasdaq: NICE) today announced the winners of its 2025 International CX Excellence Awards, honoring organizations from across EMEA and APAC… LambdaTest Announces Deeper Collaboration with Appium as Strategic Partnership #AI--LambdaTest, a unified agentic AI and cloud engineering platform, has announced it has become a strategic sponsor of Appium, the world’s most widely… ServiceNow to Announce Second Quarter 2025 Financial Results on July 23 ServiceNow (NYSE: NOW) today announced that it will release financial results for the second quarter ended June 30, 2025, following the close of market… Newsletter signup Join our mailing list to get weekly updates delivered to your inbox. Sign me up! G11 Media Networks BitCity ChannelCity ImpresaCity SecurityOpenLab GreenCity ImpresaGreen ItalianChannelAwards AgendaIct Home Newsletter Staff Copyright Contact us InnovationOpenLab is a channel of BitCity, a newspaper registered at the court of Como , n. 21/2007 del 11/10/2007- Registration ROC n. 15698 G11 MEDIA S.R.L. Registered office Via NUOVA VALASSINA, 4 22046 MERONE (CO) - P.IVA/C.F.03062910132 Como business register n. 03062910132 - REA n. 293834 CAPITALE SOCIALE Euro 30.000 i.v. Cookie Privacy