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Business/Financial

CACI Ends Solid Year With Strong Fourth Quarter

By Cal Biesecker

Thursday, August 10th, 2023

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CACI Ends Solid Year With Strong Fourth Quarter

CACI President and CEO John Mengucci. Photo: CACI

CACI International [CACI] on Wednesday posted strong overall results in its fourth quarter on a double-digit earnings gain, helping drive solid results overall for the company’s fiscal year 2023. Net income in the quarter increased 16 percent to $107.8 million, $4.68 earnings per share (EPS), from $93 million ($3.93 EPS) a year ago, and operating margin was 10.9 percent. Excluding intangible amortization expense, adjusted net earnings of $121.9 million ($5.30 EPS) topped consensus estimates by 40 cents per share. Sales…

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