Booz Allen Hamilton (NYSE: BAH) has reported that its revenue for the fourth quarter and full year of fiscal year 2024 increased 13.9 percent and 15.2 percent year-over-year to $2.77 billion and $10.66 billion, respectively.
In an earnings statement published Friday, Booz Allen said it posted a total backlog of $33.8 billion, an 8.4 percent increase from the previous year.
Booz Allen recorded a 123.3 percent increase in full-year 2024 net income, a 122.9 percent growth in net income attributable to common stockholders and an 18.8 percent increase in adjusted net income.
“The year that ended March 31, marks our best performance since Booz Allen went public. Revenue and earnings both increased more than 15%, nearly all organic. This outstanding performance builds on double-digit revenue growth in the prior fiscal year and solidifies our standing as an organic growth leader in the industry,” Horacio Rozanski, president and CEO of Booz Allen and a previous Wash100 awardee, said during the earnings call Friday.
Matt Calderone, executive vice president and chief financial officer at Booz Allen, said the company generated $1.33 in adjusted diluted earnings per share, a 32 percent increase year over year.
“We added 364 net client staff and recorded a book-to-bill of 0.82 times, in line with our expectations. Finally, we returned $194 million of capital to investors through dividends and share repurchases in the fourth quarter,” Calderone said.
