:

Business/Financial

Lower Taxes Fuel Strong Earnings At CACI In Fourth Quarter

By Cal Biesecker

Thursday, August 12th, 2021

SHARE:

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…

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]