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Business/Financial

Lower Taxes Fuel Strong Earnings At CACI In Fourth Quarter

By Cal Biesecker

Thursday, August 12th, 2021

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Lower Taxes Fuel Strong Earnings At CACI In Fourth Quarter

CACI President and CEO John Mengucci. Photo: CACI

CACI International [CACI] on Wednesday reported strong fourth quarter financial results driven by reduced taxes, which boosted earnings, and higher sales. Net income in the quarter increased 46 percent to $137 million, $5.74 earnings per share (EPS), versus $93.7 million ($3.68 EPS) a year ago, topping consensus estimates by 12 cents per share. Per share results were aided by a lower share count due to CACI’s stock repurchase program. Operating income in the quarter declined due to higher expenses, a…

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