Booz Allen Hamilton Announces Fourth Quarter and Full Fiscal Year 2024 Results
Booz Allen Hamilton (NYSE: BAH) released its preliminary financial results for Q4 and full fiscal year 2024. The company reported a 5% increase in annual revenue, reaching $8.2 billion. Net income also grew by 7% year-over-year, totaling $630 million. Diluted earnings per share (EPS) for the year were $4.70, showing an 8% improvement. The company’s Q4 revenue was $2.1 billion, a 3% increase from the same period last year. However, Q4 net income decreased by 4% to $140 million, and diluted EPS for the quarter were $1.05, down 2% YOY. The firm’s guidance for fiscal 2025 projects revenues to be between $8.4 billion and $8.6 billion, with an expected EPS range of $4.90 to $5.10.
- Annual revenue increased by 5%, reaching $8.2 billion.
- Net income for the fiscal year grew by 7% to $630 million.
- Diluted EPS improved by 8% year-over-year, reaching $4.70.
- Q4 revenue rose by 3% to $2.1 billion.
- Annual guidance for fiscal 2025 projects revenues between $8.4 billion and $8.6 billion.
- Expected EPS for fiscal 2025 ranges from $4.90 to $5.10.
- Q4 net income decreased by 4% to $140 million.
- Diluted EPS for Q4 were $1.05, down 2% year-over-year.
Insights
Booz Allen Hamilton's financial results for Q4 and FY 2024 provide a comprehensive view of the company's performance over the past year.
Firstly, investors should pay attention to earnings per share (EPS) and revenue growth. EPS is a important metric as it represents a company's profitability on a per-share basis. Higher EPS typically suggests better financial health. Revenue growth, on the other hand, indicates the company's ability to expand its business and capture market share.
Another key area to consider is the operating margin. This metric shows what percentage of revenue is left over after paying for variable costs of production. A higher operating margin might imply better efficiency and profitability. Comparing these figures to previous periods can help investors gauge whether Booz Allen is improving its operational efficiency.
Investors should also look at the company’s cash flow statements. Strong cash flows can indicate that the company is generating enough cash to fund its operations, pay debts and invest in growth opportunities without needing external financing.
Finally, Booz Allen’s future outlook and guidance for the next fiscal year will be critical in assessing the potential for future growth. Investors should listen carefully to management's commentary during the earnings call for insights into strategic initiatives, market conditions and any anticipated challenges.
Booz Allen Hamilton operates in a competitive management and technology consulting market. Investors should consider the broader industry trends impacting the firm.
For example, the increased demand for digital transformation services can be a significant growth driver. Companies across industries are investing heavily in digital technologies to enhance their operations, which could lead to more business for Booz Allen.
Another area to watch is the government sector, as a substantial portion of Booz Allen’s revenue comes from government contracts. Changes in government spending, policy shifts, or budget allocations could materially impact the company’s financial performance.
Additionally, it’s worth considering the competitive landscape. Firms like Accenture and Deloitte are strong players in the consulting space. Investors should evaluate how Booz Allen differentiates itself from these competitors through its service offerings, client relationships and market positioning.
Lastly, market analysts should review the company’s strategic initiatives, such as acquisitions or partnerships, which could drive growth or open up new revenue streams.
Booz Allen’s press release is available at:
www.boozallen.com/media
investors.boozallen.com
Booz Allen’s earnings presentation is available at: investors.boozallen.com.
Booz Allen will host a conference call at 8 a.m. EDT on Friday, May 24, 2024, to discuss the financial results for its fourth quarter and full fiscal year 2024. Analysts and institutional investors may participate by registering online at investors.boozallen.com. Participants are requested to register a minimum 15 minutes before the start of the call.
The conference call will be webcast simultaneously to the public through a link on the investor relations section of the Booz Allen Hamilton website at investors.boozallen.com. A replay of the conference call will be available online at investors.boozallen.com beginning at 11 a.m. EDT on Friday, May 24, 2024, and continuing for 30 days.
About Booz Allen Hamilton
Trusted to transform missions with the power of tomorrow’s technologies, Booz Allen Hamilton advances the nation’s most critical civil, defense, and national security priorities. We lead, invest, and invent where it’s needed most —at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We’re first to the future—moving missions forward to realize our purpose: Empower People to Change the World®.
With global headquarters in
BAHPR-FI
View source version on businesswire.com: https://www.businesswire.com/news/home/20240524647107/en/
Media Relations – Jessica Klenk, 703-377-4296
Investor Relations – Nathan P. Rutledge, 202-440-3943
Source: Booz Allen Hamilton Holding Corporation
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