SAIC - Science Applications provides longer term forecast slightly below consensus

2023-04-11 10:55:14 ET

• Science Applications ( NYSE: SAIC ) provides update in an investor presentation where it targets  FY 2026 adjusted EPS $8.50-$8.70 (consensus $8.35) and revenue of $7.3B-$7.5B ( vs. consensus of $7.53B ), with 2-4% organic growth. Free Cash Flow of $505M-$525M or $11 per share. EBITDA $700M-725M with margin guidance of 9.5-9.7%. Growth and Technology accelerants of ~40% of revenue.
• The company also sees FY 2024 adjusted EPS $6.80-$7.00 (consensus $6.94). Revenue $7.05B - $7.20B (consensus $7.25B). Free Cash Flow of $460M-$480M or $9 per share. EBITDA margin of 9.2% - 9.4%.
• FY 2025 expected adjusted EPS $7.60-$7.80 (consensus $7.53 ).  Revenue of $7.1B - $7.3B (consensus of 7.31B).Free Cash Flow of $480M-$500M or $10 per share. EBITDA margin of 9.4% - 9.6%.
• Source: Form 8-K

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