- CACI International ( NYSE: CACI ) has entered into an accelerated share repurchase agreement to buyback $250M of its common stock as part of its $750M share repurchase authorization.
- On January 31, 2023, CACI will receive an initial delivery of ~675K shares. All transactions under the agreement will be completed by the end of August 2023.
- Given the execution of this repurchase agreement, the company now expects fiscal year 2023 interest expense to be between $80M-$85M and the diluted weighted average share count to be ~23.5M. CACI also reiterated its prior adjusted net income and adjusted earnings per share guidance in conjunction with this announcement.
For further details see:
CACI International enters $250M accelerated share repurchase agreement