CACI raises fiscal 2027 revenue and adjusted earnings guidance as revenue rises 8.2%

CACI International Inc (CACI) reported fiscal first-quarter revenue of $2.5 billion on Wednesday, up 8.2% from a year earlier. The company said in a regulatory filing that it raised part of its fiscal 2027 guidance.

The quarter ended Sept. 30, 2026. The company released the results on Oct. 21 and scheduled a conference call for Thursday.

Here's how the company did:

• Revenue: $2,474.6 million vs. $2,287.6 million a year earlier
• Net income: $130.4 million vs. $124.8 million a year earlier
• Diluted EPS: $5.84 vs. $5.63 a year earlier
• Adjusted diluted EPS: $7.66 vs. $6.85 a year earlier

Revenue growth included 2.1% organic growth, the company said in the filing. Income from operations rose 16.6% to $247.5 million from $212.3 million, driven by higher revenues and gross profit.

Higher interest expense and a higher tax provision partly offset that gain. Interest expense and other, net rose 58.6% to $73.2 million from $46.2 million.

Net cash provided by operating activities excluding cash from the Master Accounts Receivable Purchase Agreement, or MARPA, fell 9.5% to $144.8 million. Free cash flow was $133.5 million, compared with $143.0 million a year earlier. The company said the decrease in cash from operations was driven primarily by higher working capital.

EBITDA, or earnings before interest, taxes, depreciation and amortization, rose 22.4% to $328.8 million from $268.6 million. EBITDA margin was 13.3%, compared with 11.7% a year earlier.

Days sales outstanding was 59 days, up from 56 days a year earlier, excluding the effect of MARPA.

“Our first quarter results represent a strong start to fiscal year 2027, highlighted by revenue and EBITDA growth, strong EBITDA margin, and healthy free cash flow,” said President and Chief Executive Officer John Mengucci.

Contract awards totaled $4.8 billion in the quarter, down 3.4% from $5.0 billion a year earlier. About 61% of awards were for new business to CACI, the company said in the filing. The book-to-bill ratio was 2.0 times.

Total backlog was $34.0 billion as of Sept. 30, up 0.3% from $33.9 billion a year earlier. Funded backlog reached $6.2 billion, up 14.8% from $5.4 billion.

The company raised its fiscal 2027 revenue guidance to $10.7 billion to $10.9 billion, from $10.65 billion to $10.85 billion. Adjusted net income guidance rose to $740 million to $760 million, from $735 million to $755 million.

Adjusted diluted EPS guidance rose to $33.18 to $34.08, from $32.96 to $33.86. Diluted weighted average shares of 22.3 million and free cash flow of at least $900 million were unchanged.

“Based on our results, large and growing backlog, and healthy pipeline, we are raising our fiscal year 2027 revenue and earnings profit outlook while reaffirming guidance for other financial metrics,” Mengucci said.

Here's how CACI's customer groups did during the quarter:

• Department of War: $1,354.3 million, up 14.8%
• Intelligence Community: $612.0 million, up 2.6%
• Federal civilian agencies: $396.4 million, down 3.7%
• Commercial and other: $112.0 million, up 12.1%

The company said it received a one-year plus four option periods award supporting U.S. Central Command, with a ceiling of $1.5 billion. It recognized $1.2 billion of that award and backlog value in the quarter.

It also said it received a five-year, $1.6 billion task order from the U.S. Army Special Operations Command. It recognized $1.2 billion of that value in the quarter.

The company said it was selected as one of 15 awardees for a U.S. Space Force contract under the NSTTC NITE-STAR program. It also opened a 61,000-square-foot manufacturing facility in the Greater Rochester, New York, area, which it said increases its manufacturing space by more than 300%.

Marcie Small was appointed Executive Vice President and Chief Human Resources Officer, succeeding Angie Combs, who retired after more than seven years of service, the company said.

The company will hold a conference call at 8:00 a.m. Eastern on Thursday, Oct. 22, 2026, with a webcast on its investor relations website.