Operating income as a percentage of revenues increased to 6.0% for the quarter as compared to 4.8% in the comparable prior year period primarily due to improved profitability across our contract Excluding the estimated impact of the additional five working days in the current year period, revenues increased by approximately 1.9%. Revenues for the quarter increased $186 million compared to the prior year quarter primarily due to five additional working days in the current year period and ramp up on new and existingĬontracts, partially offset by contract completions. (1) Non-GAAP measure, see Schedule 5 for information about this measure. Fiscal year 2023 consisted of 53 weeks with theĮxtra week occurring in the fourth quarter, while fiscal year 2022 consisted of 52 weeks. The Company utilizes a 52/53 week fiscal year ending on the Friday closest to January 31, with fiscal quarters typically consisting of 13 weeks. Net cash provided by operating activities Net income attributable to common stockholdersĪdjusted EBITDA as a percentage of revenues Operating income as a percentage of revenuesĪdjusted operating income as a percentage of revenues “The transaction will allow us to reach our target leverage of 3.0x faster, provides balance sheetįlexibility and permits increased return of capital to shareholders.”įourth Quarter and Full Fiscal Year 2023: Summary Operating Results “The sale of our Logistics & Supply Chain Management business is an important step for SAIC as we look to further align the portfolio to our GTA areas of focus with strong customer demand andĪccretive returns for shareholders,” said Prabu Natarajan, SAIC Chief Financial Officer.
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