CACI INTERNATIONAL CLA - CACI STOCK NEWS

CACI International has announced an accelerated share repurchase agreement (ASR) to buy back $250 million of common stock, part of a $750 million program. This buyback will account for about 3.6% of its outstanding shares, equating to approximately 845,000 shares based on the closing price from January 27, 2023. The initial delivery will include approximately 675,000 shares, with completion expected by the end of August 2023. CACI also anticipates fiscal year 2023 interest expenses between $80 and $85 million and expects adjusted earnings per share to remain stable despite this buyback.

CACI International Inc has authorized a share repurchase program of up to $750 million, with an accelerated share repurchase (ASR) of $250 million to be executed promptly. This decision reflects the company's strong financial position, increased revenue, and commitment to delivering shareholder value amidst national security and modernization priorities. CACI's Board retains flexibility in managing the repurchase process, which does not have an expiration date. CEO John Mengucci emphasized confidence in future growth, bolstered by strong cash flow and liquidity.

CACI International Inc (NYSE: CACI) reported strong financial results for its fiscal second quarter ended December 31, 2022. Revenues reached $1.6 billion, representing an 11% year-over-year growth. Net income stood at $87.1 million with a diluted EPS of $3.68. Despite the growth, adjusted net income decreased by 2.3% to $101.3 million and adjusted diluted EPS fell 2.5% to $4.28, impacted by higher interest expenses and tax rates. Contract awards totaled $3.5 billion, with significant contributions from new business. Total backlog increased by 10% to $26.5 billion.

CACI International Inc (NYSE: CACI) has secured a prime contract valued at up to $284 million with the National Security Agency (NSA) to enhance its Cybersecurity Directorate. This five-year contract aims to improve NSA's systems engineering practices in light of rising cybersecurity threats. John Mengucci, CACI's CEO, emphasized the company's commitment to supporting critical national security missions. CACI, recognized for its innovation and expertise, boasts approximately 22,000 employees and is a member of various prestigious indices, including the Fortune 1000 and S&P MidCap 400.

CACI International Inc (NYSE: CACI) has scheduled its fiscal 2023 second quarter conference call for January 26, 2023 at 8:00 a.m. Eastern Time. The company will release its financial results after market close on January 25, 2023. CACI, a prominent provider of technology and expertise to government clients, reports strong performance driven by its 22,000 employees. The firm is recognized in the Fortune World's Most Admired Companies list and is part of major indices like the Fortune 1000, Russell 1000, and S&P MidCap 400.

CACI International has announced that Lewis Pate, Ph.D., has received the Black Engineer of the Year Award for Community Service. This prestigious recognition highlights his commitment to STEM education and mentorship for underrepresented communities. Over the past five years, Pate has mentored 145 students through the International Consortium of Minority Cyber Professionals. CACI's President, DeEtte Gray, praised Pate's leadership in advancing cybersecurity programs and championing opportunities for underserved populations in STEM fields.

CACI has been recognized for its advancements in photonics and space communications, driven by Linda Braun, who was named 2022 Space Executive of the Year. Her leadership in deploying optical and photonic systems for national security includes successful demonstrations of laser communications between satellites and development projects for NASA. CACI aims to enhance secure, real-time data communication capabilities for government and commercial clients, highlighting their U.S.-based manufacturing and unique market position. Braun emphasizes the importance of women in STEM careers and her team's commitment to pushing technological boundaries.

CACI International Inc (NYSE: CACI) will release its fiscal 2023 second quarter financial results after market close on Wednesday, January 25, 2023. A conference call with the senior management team will follow on Thursday, January 26, 2023, at 8:30 am Eastern Time, to discuss these results and answer questions. Investors can access the call and view additional materials on CACI's investor relations website, with a replay available post-call. CACI employs around 22,000 professionals and is recognized as a Fortune World's Most Admired Company.

CACI International has announced that Linda Braun, VP of Optical and Photonics Systems, received the 2022 Pinnacle Award for Space Industry Executive of the Year from WashingtonExec. The award ceremony took place on November 30 in McLean, Virginia. Braun has successfully led key space hardware programs since joining CACI in 2019. Her team is at the forefront of developing photonics technologies for deep space communications. CACI has successfully demonstrated optical communications for DARPA satellites and is involved in NASA's laser communications projects.