U.S. SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 8-K
CURRENT
REPORT
Pursuant to
Section 13 or 15(d) of
the
Securities Exchange Act of 1934
August
17, 2010
(Date
CACI
International Inc
(Exact name of registrant as
specified in its Charter)
|
Delaware |
001-31400 |
54-1345899 |
|
(State or other jurisdiction
of incorporation) |
(Commission File Number) | (IRS Employer Identification Number) |
1100 N. Glebe Road
Arlington,
Virginia 22201
(Address of Principal executive
offices)(ZIP code)
(703)
841-7800
(Registrant’s telephone number, including area
code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEMS 2.02 and 7.01: RESULTS OF OPERATIONS AND FINANCIAL CONDITION; REGULATION FD DISCLOSURE
On August 17, 2010, the Registrant released its financial results for the fourth quarter and full fiscal year 2010.
A copy of the Registrant’s press release announcing the financial results as well as the schedule for a conference call and “web cast” on August 18, 2010 are attached as Exhibit 99 to this current report on Form 8-K.
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
| Exhibit 99 | Press Release dated August 17, 2010, announcing CACI’s fourth quarter and fiscal year 2010 financial results. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CACI International Inc | |
| Registrant |
| By: |
/s/ Arnold D. Morse |
|
|
Arnold D. Morse
|
Exhibit 99
CACI Reports Record Results for Its Fiscal 2010 Fourth Quarter and Full Year
Revenue increased 16.4 percent in the quarter, 15.3 percent for the year
Organic revenue growth of 14.3 percent in the quarter, 13.4 percent for the year
Contract funding orders increased 16.0 percent for the quarter, 14.2 percent for the year
Net income increased 8.8 percent in the quarter, 18.7 percent for the year
Operating cash flow increased 52.6 percent for the quarter, 38.7 percent for the year
ARLINGTON, Va.--(BUSINESS WIRE)--August 17, 2010--CACI International Inc (NYSE:CACI), a leading professional services and information technology solutions provider to the federal government, announced results today for its fourth fiscal quarter and full fiscal year ended June 30, 2010.
Fourth Quarter Results
We are pleased to report record fourth quarter net income of $29.9 million, or $0.96 diluted earnings per share. Net income increased 8.8 percent over net income of $27.5 million, or $0.91 diluted earnings per share, for the same period last year. The 16.4 percent increase in revenue in the quarter was driven by organic growth of 14.3 percent, reflecting the continued strong performance of our defense and intelligence businesses. This performance was driven primarily by growth in our core competencies of C4ISR, Logistics and Material Readiness, and Integrated Security and Intelligence Solutions.
| (in millions except per-share data) | Q4, FY10 | Q4, FY09 | % Change | |||
| Revenue | $848.7 | $728.9 | 16.4% | |||
| Operating income | $54.0 | $52.6 | 2.7% | |||
| Net income | $29.9 | $27.5 | 8.8% | |||
| Diluted earnings per share | $0.96 | $0.91 | 6.5% | |||
Solid operating performance, lower interest expense and a lower tax rate drove our net income growth. Our strong annual net income growth drove higher variable stock compensation expense in the quarter, which had the effect of increasing our operating expense and moderating operating income growth. Our operating cash flow of $86.4 million in the quarter was 52.6 percent higher than in the fourth quarter of last year.
Fiscal Year 2010 Results
For the full year, our net income was a record $106.5 million, or $3.47 diluted earnings per share. This net income was an 18.7 percent increase over net income of $89.7 million, or $2.95 diluted earnings per share in Fiscal Year 2009 (FY09). The 15.3 percent increase in revenue in Fiscal Year 2010 (FY10) was driven by organic growth of 13.4 percent, reflecting the strong performance of our defense and intelligence businesses throughout the year.
| (in millions except per-share data) | 12 Months, FY10 | 12 Months, FY09 | % Change | |||
| Revenue | $3,149.1 | $2,730.2 | 15.3% | |||
| Operating income | $194.8 | $184.1 | 5.8% | |||
| Net income | $106.5 | $89.7 | 18.7% | |||
| Diluted earnings per share | $3.47 | $2.95 | 17.8% | |||
Our strong operating performance, lower interest expense and a significantly lower tax rate drove our net income growth. Our higher net income increased variable cash and stock compensation expense, which had the effect of increasing operating expense and moderating operating income growth. The corporate tax rate was favorably affected by gains in the investments in CACI’s deferred compensation plan and tax benefits related to software development. Our record operating cash flow of $209.3 million for the year was 38.7 percent higher than the amount reported in FY09.
CEO Commentary and Outlook
Commenting on the company’s financial results, Paul Cofoni, CACI’s President and CEO, said, “This marks the third consecutive year that we have met or exceeded our guidance in top and bottom-line performance. FY10 was a record year for revenue, net income, diluted earnings per share, operating cash flow and contract funding orders. In addition, we completed three strategic acquisitions that have added to our portfolio of cyber security and IT modernization solutions. Our growth continues to be driven by the key support we provide to the warfighter in the critical, well-funded national security priorities of C4ISR and intelligence.”
“We believe that FY11 will be another solid year for CACI. We expect to continue to generate strong operating cash flow, which will enhance our solid balance sheet and our ability to fund our future growth both organically and by acquisition. We believe our strengths are aligned with the government’s well funded, high priority areas in the proposed federal budget for the next fiscal year. The requested Operations and Maintenance part of the defense appropriations, where we derive the majority of our revenue, is 8.5 percent higher than Fiscal 2010. We believe there will be negligible impact on our operations from the Secretary of Defense’s recommendations to eliminate the Joint Forces Command, the office for Network and Information Integration and the J-6. We have been informed that the work we do for the Business Transformation Agency will continue following its transition to other organizations. During our FY11, we believe our operational excellence and our solid long-term customer relationships will continue to be contributing factors to maintaining our high recompete win rate, winning new business, and positioning us to provide our services to new customers in key growth areas of C4ISR and intelligence. This gives us the confidence to reiterate our guidance for FY11.”
“We expect to see a continuing strong demand for our services and solutions in FY11 and beyond. We believe the initiatives to improve efficiency and effectiveness recently announced by the Secretary of Defense and the Office of Management and Budget will present new opportunities for our services and solutions that support the warfighter and the modernization of government. We are confident that we will continue to execute our strategy, deliver on our commitments and enhance shareholder value.”
Additional Financial Metrics
| ($ in millions, except per share data) | Q4, FY10 | Q4, FY09 | % Change | |||
| Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure | $67.7 | $63.3 | 7.0% | |||
| Diluted adjusted earnings per share, a non-GAAP measure | $1.55 | $1.27 | 22.7% | |||
| Days sales outstanding | 55 | 59 | ||||
| ($ in millions, except per share data) | 12 Months, FY10 | 12 Months, FY09 | % Change | |||
| Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure | $247.1 | $230.0 | 7.4% | |||
| Diluted adjusted earnings per share, a non-GAAP measure | $5.39 | $4.46 | 20.7% | |||
Contract Funding Orders and Awards
FY10 Recognition
CACI Reaffirms Its FY11 Guidance
We are reaffirming our Fiscal Year 2011 (FY11) guidance which we issued on June 29, 2010. The table below summarizes the guidance ranges for FY11:
| (In millions except for earnings per share) | Fiscal Year 2011 | |
| Revenue | $3,250 - $3,400 | |
| Net income | $116 - $122 | |
| Diluted earnings per share | $3.70 - $3.90 | |
| Diluted weighted average shares | 31.3 | |
This guidance represents our views as of August 17, 2010. Investors are reminded that actual results may differ for the reasons described herein and in our filings with the Securities and Exchange Commission.
Conference Call Information
We have scheduled a conference call for 8:30 AM Eastern Time Wednesday, August 18, 2010 during which members of our senior management team will be making a brief presentation focusing on fourth quarter results and operating trends followed by a question-and-answer session. You can listen to the conference call and view the accompanying exhibits over the Internet by logging on to our homepage, www.caci.com , at the scheduled time, or you may dial 877-303-9143 and enter the confirmation code 87216709. A replay of the call will also be available over the Internet beginning at 1:00 PM Eastern Time Wednesday, August 18, 2010 and can be accessed through our homepage ( www.caci.com ) by clicking on the CACI Investor Info button.
About CACI
CACI provides professional services and IT solutions needed to prevail in the defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR services; cyber solutions; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. CACI is a member of the Fortune 1000 Largest Companies and the Russell 2000 index. CACI provides dynamic careers for approximately 13,200 employees working in over 120 offices in the U.S. and Europe. Visit CACI on the web at www.caci.com and www.asymmetricthreat.net .
There are statements made herein which 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 factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from a prolonged recession; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; changes in our effective tax rate; valuation of contingent consideration in connection with business combinations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq, or an economic stimulus package; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; the results of government audits and reviews conducted by the Defense Contract Audit Agency or other government entities with cognizant oversight; the insourcing of contractor positions by the government; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); market speculation regarding our continued independence; material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts (“GWACs”) and/or schedule contracts with the General Services Administration; the ability to successfully integrate the operations of our recent acquisitions; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company’s Securities and Exchange Commission filings.
(Financial Tables follow)
| Selected Financial Data (Continued) | ||||||
| CACI International Inc | ||||||
| Condensed Consolidated Balance Sheets (Unaudited) | ||||||
| (Amounts in thousands) | ||||||
| 6/30/2010 | 6/30/2009 | |||||
| as adjusted* | ||||||
| ASSETS: | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 254,543 | $ | 208,488 | ||
| Accounts receivable, net | 531,033 | 477,025 | ||||
| Prepaid expenses and other current assets | 55,170 | 39,319 | ||||
| Total current assets | 840,746 | 724,832 | ||||
| Goodwill and intangible assets, net | 1,270,159 | 1,181,579 | ||||
| Property and equipment, net | 58,666 | 30,923 | ||||
| Other long-term assets | 75,195 | 68,745 | ||||
| Total assets | $ | 2,244,766 | $ | 2,006,079 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY: | ||||||
| Current liabilities | ||||||
| Current portion of long-term debt | $ | 278,653 | $ | 9,464 | ||
| Accounts payable | 98,421 | 87,300 | ||||
| Accrued compensation and benefits | 152,790 | 137,843 | ||||
| Other accrued expenses and current liabilities | 128,559 | 83,297 | ||||
| Total current liabilities | 658,423 | 317,904 | ||||
| Long-term debt, net of current portion | 252,451 | 570,078 | ||||
| Other long-term liabilities | 160,737 | 88,489 | ||||
| Total liabilities | 1,071,611 | 976,471 | ||||
| Shareholders' equity | 1,173,155 | 1,029,608 | ||||
| Total liabilities and shareholders' equity | $ | 2,244,766 | $ | 2,006,079 | ||
| *Certain balances as of June 30, 2009 have been adjusted to reflect the retroactive application of new accounting standards related to convertible debt and minority interest. |
| Selected Financial Data (Continued) | ||||||||
| CACI International Inc | ||||||||
| Condensed Consolidated Statements of Cash Flows (Unaudited) | ||||||||
| (Amounts in thousands) | ||||||||
| Twelve Months Ended | ||||||||
| 6/30/2010 | 6/30/2009 | |||||||
| as adjusted* | ||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
|
Net income before noncontrolling interest in earnings of joint venture |
$ | 107,258 | $ | 90,417 | ||||
|
Reconciliation of net income to net cash provided by operating activities: |
||||||||
| Depreciation and amortization | 53,039 | 46,592 | ||||||
| Non-cash interest expense | 10,499 | 9,809 | ||||||
| Amortization of deferred financing costs | 2,356 | 2,553 | ||||||
| Stock-based compensation expense | 30,750 | 16,821 | ||||||
| (Benefit) provision for deferred income taxes | (4,703 | ) | 9,624 | |||||
|
Changes in operating assets and liabilities, net of effect of business acquisitions: |
||||||||
| Accounts receivable, net | (49,291 | ) | (36,055 | ) | ||||
| Prepaid expenses and other current assets | (11,628 | ) | (5,555 | ) | ||||
| Accounts payable and accrued expenses | 49,910 | 12,330 | ||||||
| Accrued compensation and benefits | 9,423 | 5,030 | ||||||
| Income taxes receivable and payable | 3,288 | 2,177 | ||||||
| Other liabilities | 8,443 | (2,825 | ) | |||||
| Net cash provided by operating activities | 209,344 | 150,918 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Capital expenditures | (22,503 | ) | (12,369 | ) | ||||
| Purchases of businesses, net of cash acquired | (87,943 | ) | (26,532 | ) | ||||
| Other | (2,431 | ) | 133 | |||||
| Net cash used in investing activities | (112,877 | ) | (38,768 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Net payments under credit facilities | (53,600 | ) | (3,919 | ) | ||||
| Proceeds from employee stock purchase plans | 4,501 | 5,550 | ||||||
| Proceeds from exercise of stock options | 5,589 | 2,129 | ||||||
| Purchases of common stock | (3,496 | ) | (23,705 | ) | ||||
| Other | (7 | ) | (1,156 | ) | ||||
| Net cash used in financing activities | (47,013 | ) | (21,101 | ) | ||||
| Effect of exchange rate changes on cash and cash equivalents | (3,399 | ) | (2,957 | ) | ||||
| Net increase in cash and cash equivalents | 46,055 | 88,092 | ||||||
| Cash and cash equivalents, beginning of period | 208,488 | 120,396 | ||||||
| Cash and cash equivalents, end of period | $ | 254,543 | $ | 208,488 | ||||
| *Certain balances for the period ended June 30, 2009 have been adjusted to reflect the retroactive application of new accounting standards related to convertible debt and minority interest. |
| Selected Financial Data (Continued) | ||||||||||||
| Contract Funding Orders Received (Unaudited) | ||||||||||||
| Quarter Ended | ||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 |
$ Change |
% Change | ||||||||
| Contract Funding Orders | $ | 895,373 | $ | 771,605 | $ | 123,768 | 16.0 | % | ||||
| Twelve Months Ended | ||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 | $ | Change | % Change | |||||||
| Contract Funding Orders | $ | 3,422,206 | $ | 2,996,471 | $ | 425,735 | 14.2 | % | ||||
| Direct Costs by Category (Unaudited) | ||||||||||||||||||
| Quarter Ended | ||||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 |
$ Change |
% Change | ||||||||||||||
| Direct labor | $ | 211,760 | 35.1 | % | $ | 194,277 | 38.5 | % | $ | 17,483 | 9.0 | % | ||||||
| Other direct costs | 390,966 | 64.9 | % | 310,817 | 61.5 | % | 80,149 | 25.8 | % | |||||||||
| Total direct costs | $ | 602,726 | 100.0 | % | $ | 505,094 | 100.0 | % | $ | 97,632 | 19.3 | % | ||||||
| Twelve Months Ended | ||||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 |
$ Change |
% Change | ||||||||||||||
| Direct labor | $ | 810,643 | 36.7 | % | $ | 751,000 | 40.1 | % | $ | 59,643 | 7.9 | % | ||||||
| Other direct costs | 1,396,931 | 63.3 | % | 1,120,884 | 59.9 | % | 276,047 | 24.6 | % | |||||||||
| Total direct costs | $ | 2,207,574 | 100.0 | % | $ | 1,871,884 | 100.0 | % | $ | 335,690 | 17.9 | % | ||||||
|
Reconciliation of Total Revenue Growth and Organic Revenue Growth |
|
(Unaudited) |
| We are presenting organic revenue growth to reflect the effect of acquisitions on total revenue growth. Revenue generated from the date a business is acquired through the first anniversary of that date is considered acquired revenue growth. All remaining revenue growth is considered organic. We believe that this non-GAAP financial measure provides investors with useful information to evaluate the growth rate of our core business. This non-GAAP measure should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP. |
| Quarter Ended | Twelve Months Ended | |||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 | % Change | 6/30/2010 | 6/30/2009 | % Change | ||||||||||||
| Revenue, as reported | $ | 848,717 | $ | 728,901 | 16.4 | % | $ | 3,149,131 | $ | 2,730,162 | 15.3 | % | ||||||
| Less: | ||||||||||||||||||
| Acquired revenue | 15,642 | 54,133 | ||||||||||||||||
| Organic revenue | $ | 833,075 | $ | 728,901 | 14.3 | % | $ | 3,094,998 | $ | 2,730,162 | 13.4 | % | ||||||
|
Selected Financial Data (Continued) |
|
Reconciliation of Net Income to Earnings Before Interest, Taxes, Depreciation |
|
and Amortization (EBITDA) and to Adjusted Net Income |
|
(Unaudited) |
| The Company views EBITDA, EBITDA margin, Adjusted Net Income and Diluted Adjusted Earnings Per Share as important indicators of performance, consistent with the manner in which management measures and forecasts the Company’s performance. EBITDA is a commonly used non-GAAP measure when comparing our results with those of other companies. We believe Adjusted Net Income is a significant driver of long-term value and is used by investors to measure our performance. This measure in particular assists readers in further understanding our results and trends from period-to-period by removing certain non-cash items that do not impact the cash flow performance of our business. EBITDA is defined by us as GAAP net income plus net interest expense, income taxes, and depreciation and amortization. EBITDA margin is EBITDA divided by revenue. Adjusted Net Income is defined by us as GAAP net income plus stock-based compensation expense, depreciation and amortization, and amortization of financing costs, net of related tax effects. Diluted Adjusted Earnings Per Share is Adjusted Net Income divided by diluted weighted-average shares, as reported. EBITDA and Adjusted Net Income as defined by us may not be computed in the same manner as similarly titled measures used by other companies. These non-GAAP measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP. |
| Quarter Ended | Twelve Months Ended | |||||||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 | % Change | 6/30/2010 | 6/30/2009 | % Change | ||||||||||||||||
| Net income, as reported | $ | 29,900 | $ | 27,484 | 8.8 | % | $ | 106,515 | $ | 89,698 | 18.7 | % | ||||||||||
| Plus: | ||||||||||||||||||||||
| Income taxes | 18,198 | 17,431 | 4.4 | % | 61,171 | 62,572 | -2.2 | % | ||||||||||||||
| Interest income and expense, net | 5,479 | 7,426 | -26.2 | % | 26,353 | 31,125 | -15.3 | % | ||||||||||||||
| Depreciation and amortization | 14,133 | 10,959 | 29.0 | % | 53,039 | 46,592 | 13.8 | % | ||||||||||||||
| EBITDA | $ | 67,710 | $ | 63,300 | 7.0 | % | $ | 247,078 | $ | 229,987 | 7.4 | % | ||||||||||
| Quarter Ended | Twelve Months Ended | |||||||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 | % Change | 6/30/2010 | 6/30/2009 | % Change | ||||||||||||||||
| Revenue, as reported | $ | 848,717 | $ | 728,901 | 16.4 | % | $ | 3,149,131 | $ | 2,730,162 | 15.3 | % | ||||||||||
| EBITDA | $ | 67,710 | $ | 63,300 | 7.0 | % | $ | 247,078 | $ | 229,987 | 7.4 | % | ||||||||||
| EBITDA margin | 8.0 | % | 8.7 | % | 7.8 | % | 8.4 | % | ||||||||||||||
| Quarter Ended | Twelve Months Ended | |||||||||||||||||||||
| (dollars in thousands) | 6/30/2010 | 6/30/2009 | % Change | 6/30/2010 | 6/30/2009 | % Change | ||||||||||||||||
| Net income, as reported | $ | 29,900 | $ | 27,484 | 8.8 | % | $ | 106,515 | $ | 89,698 | 18.7 | % | ||||||||||
| Plus: | ||||||||||||||||||||||
| Stock-based compensation | 12,800 | 3,737 | 242.5 | % | 30,750 | 16,821 | 82.8 | % | ||||||||||||||
| Depreciation and amortization | 14,133 | 10,959 | 29.0 | % | 53,039 | 46,592 | 13.8 | % | ||||||||||||||
| Amortization of financing costs | 537 | 872 | -38.4 | % | 2,356 | 2,553 | -7.7 | % | ||||||||||||||
| Non-cash interest expense | 2,688 | 2,510 | 7.1 | % | 10,499 | 9,809 | 7.0 | % | ||||||||||||||
| Less: | ||||||||||||||||||||||
| Related tax effect | (11,843 | ) | (7,099 | ) | 66.8 | % | (37,952 | ) | (29,757 | ) | 27.5 | % | ||||||||||
| Adjusted net income | $ | 48,215 | $ | 38,463 | 25.4 | % | $ | 165,207 | $ | 135,716 | 21.7 | % | ||||||||||
| Quarter Ended | Twelve Months Ended | |||||||||||||||||||||
| (shares in thousands) | 6/30/2010 | 6/30/2009 | % Change | 6/30/2010 | 6/30/2009 | % Change | ||||||||||||||||
|
Diluted weighted average shares, as reported |
31,022 | 30,369 | 30,676 | 30,427 | ||||||||||||||||||
| Diluted earnings per share, as reported | $ | 0.96 | $ | 0.91 | 6.5 | % | $ | 3.47 | $ | 2.95 | 17.8 | % | ||||||||||
| Diluted adjusted earnings per share | $ | 1.55 | $ | 1.27 | 22.7 | % | $ | 5.39 | $ | 4.46 | 20.7 | % | ||||||||||
CONTACT:
CACI International Inc
Corporate Communications
and Media:
Jody Brown, Executive Vice President, Public Relations
703-841-7801
jbrown@caci.com
or
Investor
Relations:
David Dragics, Senior Vice President, Investor Relations
866-606-3471
ddragics@caci.com