SAIC Announces Third Quarter of Fiscal Year 2020 Results

Revenues: $1.6 billion; 38% revenue growth

Diluted earnings per share: $0.94; Adjusted diluted earnings per share(1): $1.39

Adjusted EBITDA(1) as a % of revenues: 8.3%

Cash flows provided by operating activities: $116 million

Net bookings of $2.2 billion equating to a book to bill of 1.4

RESTON, Va. — (BUSINESS WIRE) — December 5, 2019 — Science Applications International Corporation (NYSE: SAIC), a leading technology integrator providing high-end solutions in engineering, IT, and mission solutions across the defense, space, civilian, and intelligence markets, today announced results for the third quarter ended November 1, 2019.

“SAIC's third quarter results reflect another quarter of consistent, strong results from an expanded contract portfolio, broadened capabilities and talented employees," said SAIC CEO Nazzic Keene. "Our fully integrated and focused growth strategy is driving our investment decisions and business pursuits as we look to accelerate profitable growth while continuing to deliver value for our customers and shareholders."

Third Quarter of Fiscal Year 2020: Summary Operating Results

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

November 1,
2019

 

Percent
change

 

November 2,
2018

 

November 1,
2019

 

Percent
change

 

November 2,
2018

 

 

(in millions, except per share amounts)

Revenues

 

$

1,630

 

 

38

%

 

$

1,177

 

 

$

4,839

 

 

40

%

 

$

3,467

 

Operating income

 

94

 

 

29

%

 

73

 

 

282

 

 

32

%

 

213

 

Operating income as a percentage of revenues

 

5.8

%

 

-40

bps

 

6.2

%

 

5.8

%

 

-30

bps

 

6.1

%

Adjusted operating income (1)

 

104

 

 

20

%

 

87

 

 

306

 

 

35

%

 

227

 

Adjusted operating income as a percentage of revenues

 

6.4

%

 

-100

bps

 

7.4

%

 

6.3

%

 

-20

bps

 

6.5

%

Net income attributable to common stockholders

 

55

 

 

15

%

 

48

 

 

167

 

 

14

%

 

146

 

EBITDA (1)

 

126

 

 

50

%

 

84

 

 

381

 

 

56

%

 

244

 

EBITDA as a percentage of revenues

 

7.7

%

 

60

bps

 

7.1

%

 

7.9

%

 

90

bps

 

7.0

%

Adjusted EBITDA (1)

 

135

 

 

38

%

 

98

 

 

404

 

 

57

%

 

258

 

Adjusted EBITDA as a percentage of revenues

 

8.3

%

 

bps

 

8.3

%

 

8.3

%

 

90

bps

 

7.4

%

Diluted earnings per share

 

$

0.94

 

 

(15

)%

 

$

1.11

 

 

$

2.82

 

 

(16

)%

 

$

3.37

 

Adjusted diluted earnings per share (1)

 

$

1.39

 

 

(5

)%

 

$

1.47

 

 

$

4.10

 

 

5

%

 

$

3.92

 

Net cash provided by operating activities

 

$

116

 

 

35

%

 

$

86

 

 

$

389

 

 

140

%

 

$

162

 

Free cash flow (1)

 

$

116

 

 

45

%

 

$

80

 

 

$

375

 

 

172

%

 

$

138

 


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