BOOZ ALLEN HAMILTON ANNOUNCES
SECOND QUARTER FISCAL 2018 RESULTS
Excellent First-Half Performance Demonstrates Fundamental Strength of the Business
Revenue Increased by 10.6 percent to $1.54 billion, and Revenue, Excluding Billable Expenses1 Increased by 7.5 percent
Diluted Earnings per Share of $0.47 and Adjusted Diluted Earnings per Share1 of $0.48
Sequential Headcount Increase of 771, and Increase of Nearly 1,500 Year-Over-Year
Record Total Backlog and Second Highest Book-to-bill Since Company’s IPO
Quarterly Dividend of $0.17 per share, Payable on November 30, 2017
McLean, Virginia; November 6, 2017 - Booz Allen Hamilton Holding Corporation (NYSE:BAH), the parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., today announced preliminary results for the second quarter of fiscal 2018.
The Company demonstrated further progress in differentiating itself through innovation and advanced capabilities, reporting another quarter of accelerating top-line growth, along with exceptional performance in winning new business and attracting talent. The strong first-half performance maintains Booz Allen’s position as the government services industry’s organic revenue growth leader.
“Booz Allen had another quarter of strong operational performance,” said Horacio Rozanski, President and Chief Executive Officer. “We are meeting demand in the market precisely where client needs are greatest: the point where technology meets mission. This creates sustainable quality growth that we believe is likely to continue accelerating.”
Headcount increased by 771 during the quarter, and year-over-year by nearly 1,500. Total backlog increased by 22.3 percent, reaching a record high at $16.7 billion, and generating a book-to-bill ratio of 2.7, the second highest result since the Company’s initial public offering.
The Company declared a regular quarterly dividend of $0.17 per share, which is payable on November 30, 2017, to stockholders of record on November 14, 2017.
Second Quarter Ended September 30, 2017 - A summary of Booz Allen’s results for the second quarter of fiscal 2018 is below. All comparisons are to the prior year quarter, and a description of key drivers for the quarter can be found in the Company’s Earnings Call Presentation for the second quarter of fiscal year 2018 posted on investors.boozallen.com.
Revenue: $1.54 billion, an increase of 10.6 percent.
The following information was filed by Booz Allen Hamilton Holding Corp (BAH) on Monday, November 6, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.