CACI International (NYSE: CACI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has adjusted its fiscal year 2016 guidance to reflect the company’s $550 million acquisition of the former L-3 Communications (NYSE: LLL) national security solutions segment that closed Tuesday.
The Arlington, Va.-based government services contractor said in its second quarter 2016 earnings statement it now forecasts revenue of between $3.7 billion and $3.9 billion compared to the prior $3.3 billion-to-$3.5 billion range.
Including transaction expenses, CACI expects to report a 2016 profit of between $133 million and $143 million, or $5.37-to-$5.77 per share, versus the previous range of $5.24-to-$5.65 EPS.
Second quarter net income rose 23.18 percent year-over-year to $30.34 million, or $1.23 on a per share basis to exceed the consensus Wall Street estimate by 6 cents with revenue of $830.44 million that represented a 1.84-percent increase from the same period in the previous fiscal year.
Wall Street analysts expected the company to report $815.69 million in sales for the fiscal 2016 second quarter.
As of Wednesday’s close, shares in CACI had declined 12.06 percent since the year’s start and were down 4.58 percent over 12 months.
