Booz Allen Hamilton Holding Earnings Call Transcripts
Fiscal Year 2026
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Profitability exceeded expectations in a challenging year, with strong execution and cost discipline offsetting revenue declines. National Security and cyber segments are driving growth, while Civil remains pressured. FY 2027 guidance anticipates sequential improvement and continued investment in tech and partnerships.
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Q3 results met revised guidance despite a 10% revenue decline, with strong margin performance and cost reductions. National security showed resilience, Civil is rebounding, and guidance for fiscal 2026 was tightened. Strategic investments and partnerships in tech and AI support future growth.
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Lowered FY26 guidance reflects persistent procurement headwinds and a sharp civil segment decline, while national security continues to grow with major contract wins. Cost reductions and strategic investments aim to restore margins and position for future growth.
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First quarter results met expectations with strong defense and intelligence growth, a record backlog, and significant capital deployment, despite slow funding in the civil segment. Guidance reflects tax benefits and anticipates growth resuming in the second half as funding normalizes.
Fiscal Year 2025
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Strong FY 2025 results featured double-digit organic growth, robust defense and AI-driven performance, and proactive restructuring in the civil segment. FY 2026 guidance anticipates continued defense/intel growth, a temporary civil decline, and margin stability, with a rebound expected in the second half.
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Q3 FY25 delivered 14% revenue growth and 14% adjusted EBITDA growth, with strong performance across all segments and a record backlog. Guidance tightened to the upper end, with robust capital deployment and expanded tech partnerships supporting long-term growth.
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Q2 FY25 saw 18% revenue growth, record backlog, and margin expansion, driven by strong demand in defense, intelligence, and civil segments. Guidance for FY25 was raised across all metrics, with expectations to exceed the investment thesis, supported by robust bookings and operational momentum.
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Double-digit organic revenue growth and record backlog highlight strong Q1 momentum, despite softer margins due to timing and non-recurring items. Defense and civil segments led growth, while the PAR acquisition and robust hiring support future performance. FY25 guidance remains intact.
Fiscal Year 2024
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Strong organic growth and margin performance were driven by technology transformation and a mission-focused strategy. AI and cyber remain core investment areas, with robust M&A activity and a resilient business model supporting continued momentum despite market uncertainties.