Booz Allen Boosts Earnings & Revenue Outlooks on 2Q Beat, Headcount Increase

GovCon Index-listed contractor Booz Allen Hamilton (NYSE: BAH) lifted full fiscal year earnings and revenue guidance Wednesday as the government consulting and engineering services contractor also raised employee headcount during the second fiscal quarter ended Sept. 30.

McLean, Virginia-based Booz Allen now expects $1.68-$1.75 earnings per share versus the previous $1.65-$1.75 range and revenue of $5.57 billion-$5.62 billion compared to the prior $5.46 billion-$5.62 billion outlook.

Booz Allen said it hired 230 new workers in the quarter as headcount increased by 532 employees over the prior year period and reported 22, 758 total staff as of Sept. 30.

Second quarter earnings came in at $0.46 per share to exceed the consensus Wall Street forecast of $0.43 EPS and net income rose 11.78 percent year-over-year to $62.83 million.

Revenue climbed 5.44 percent to $1.39 billion versus analyst expectations of $1.38 billion on the higher headcount, staff billability and subsequent direct labor.

The company also reported a 2.17x book-to-bill ratio and a record total backlog of $13.64 billion as of Sept. 30 with $3.33 billion funded.

As of Tuesday’s close, shares in Booz Allen are down 1.13 percent since the start of the year and up 0.81 percent over 12 months.

By comparison, the GovCon Index is up 4.79 percent year-to-date and 2.93 percent for 52 weeks.

Sponsor