Booz Allen Hamilton Holding Corporation ($BAH) Q4 2023 Earnings Call Summary

Booz Allen Hamilton Holding Corporation ($BAH) Q4 2023 Earnings Call Summary

Posted: 1 week, 1 day ago // May 26, 2023 5:18 p.m. UTC

Here is a summary of Booz Allen Hamilton Holding Corporation's Q4 2023 earnings call, which took place on May 26:

- Booz Allen Hamilton reported outstanding financial results and expects to achieve its investment thesis of growing adjusted EBITDA to $1.2 billion to $1.3 billion by FY'25.

- The company's growth strategy involves organic revenue growth, adjusted EBITDA margins in the mid-10s, continued investment for future growth, and prioritizing small-to-mid-size strategic acquisitions.

- Booz Allen Hamilton has strong organic growth, with revenue growth exceeding guidance and Defense, Civil and Intelligence revenue all seeing growth YoY.

- The company is investing in emerging technologies such as AI, cyber capabilities, and digital transformation.

- Booz Allen is committed to maintaining its lead in AI and helping its clients implement AI in an ethical manner, and has a strong cyber business that is growing across the entire portfolio.

- The company is remaining disciplined and measured in its approach to M&A and will consider other uses for cash if needed.

- Booz Allen Hamilton has momentum in its business and is well-positioned relative to long-term demand trends, including AI, 5G, cyber, and quantum.

- The company's FY2024 outlook includes revenue growth of 7% to 11%, adjusted EBITDA margins in the high 10% to 11% range, and ADEPS of between $4.80 per share and $4.95 per share.

- The company expects challenging external dynamics in H2 FY'24 due to ongoing debt ceiling and budget negotiations, creating uncertainty for their clients.

- Booz Allen Hamilton is committed to maintaining a measured approach to capital deployment and maximizing shareholder value through small-to-mid-sized acquisitions.

This is an AI generated summary. There may be inaccuracies.

Relevant tickers: BAH