"Revenue -- $2.2 billion, representing 5.7% year-over-year growth and 4.5% organic growth in the second quarter. EBITDA margin -- 11.8% for the quarter, a 70 basis point year-over-year increase, aided by strong program execution and favorable technology mix. Adjusted diluted EPS -- $6.81, up 14% from the prior year, reflecting higher operating income and a lower share count. Free cash flow -- $138 million in the quarter, with day sales outstanding at 57 days."
"Book-to-bill ratio -- 0.65 times for the quarter, 1.4 times for the first half, and 1.3 times on a trailing twelve-month basis. Backlog -- $33 billion total, up 3%; funded backlog up 7% from a year ago. Fiscal 2026 guidance raised -- Now projects revenue of $9.3 billion to $9.5 billion (7.8%-10.1% growth), adjusted net income of $630 million to $645 million, adjusted EPS of $28.25 to $28.92 (7%-9% growth), EBITDA margin of 11.7%-11.8%, and free cash flow of at least $725 million."
"Technology revenue mix -- Nearly 60% of total revenue derives from technology, with management expecting this share to continue increasing. Major contract wins -- Awarded $1.4 billion in new business during the quarter, with weighted average award duration over six years. Electronic warfare segment -- Now generates approximately $2 billion in revenue, supported by demand for software-defined solutions such as Merlin and RMT."
Revenue was $2.2 billion, up 5.7% year-over-year with 4.5% organic growth in the quarter. EBITDA margin reached 11.8%, a 70-basis-point improvement, and adjusted diluted EPS rose to $6.81, up 14%. Free cash flow was $138 million with DSO at 57 days. Backlog totaled $33 billion, up 3%, and funded backlog increased 7%. Fiscal 2026 guidance was raised to $9.3–$9.5 billion revenue, adjusted EPS $28.25–$28.92, and free cash flow of at least $725 million. Nearly 60% of revenue is technology-related, new awards totaled $1.4 billion, and a sizable bid pipeline and planned submissions were noted. Net debt/TTM EBITDA was 2.4x, expected to rise to 4.3x after the ARCA acquisition with a plan to return to the low threes within six quarters.
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