Booz Allen Hamilton Reports Q1 FY2025 Results: Misses Estimates, Initiates Full-Year Outlook
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Booz Allen misses top-line and bottom-line estimates; initiates FY25 outlook
Booz Allen press release (NYSE:BAH): Q1 Non-GAAP EPS of $1.38 misses by $0.14. Revenue of $2.9B (+9.4% Y/Y) misses by $30M. +7.7percent Y/Y ClientStaffHeadcountGrowth. AdjustedEBITDAdecreasedby1.6percentto$302.0million. Totalbacklogincreasedby15.7percentto$36.2billion andthequarterlybook-to-billratiowas1.72x. Outlook: RevenueGrowth of 8.0%-11.0% vs. estimated growth of 10.19% Y/Y; AdjustedEBITDA of $1,260-$1,300million; AdjustedDilutedEPS of $5.80-$6.05 vs $6.05 consensus; NetCashProvidedbyOperatingActivities of $825-$925million; FreeCashFlow of $725-$825million. More on Booz Allen Booz Allen Hamilton: Benefiting From Cyber, 5G And AI In Defense And Civil (Rating Upgrade) Booz Allen Hamilton Holding Corporation (BAH) Q4 2024 Earnings Call Transcript Booz Allen makes strategic investment in space startup Quindar
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Booz Allen Hamilton Announces First Quarter Fiscal Year 2025 Results
Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., today announced preliminary results for the first quarter fiscal year 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240726380219/en/ Booz Allen's earnings presentation is available at https://investors.boozallen.com. Booz Allen will host a conference call at 8 a.m. EDT on Friday, July 26, 2024, to discuss the financial results for its first quarter fiscal year 2025. 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 at investors.boozallen.com. A replay of the conference call will also be available on the site beginning at 11 a.m. EDT on Friday, July 26, 2024, and continuing for 12 months. 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 110 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 McLean, Virginia, our firm employs approximately 35,100 people globally as of June 30, 2024, and had revenue of $10.7 billion for the 12 months ended March 31, 2024. To learn more, visit www.boozallen.com. (NYSE: BAH)
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Booz Allen Hamilton, a global consulting firm, released its Q1 FY2025 financial results, falling short of analyst expectations. Despite the miss, the company initiated its full-year outlook, signaling confidence in future performance.
Q1 FY2025 Financial Performance
Booz Allen Hamilton, a leading provider of management and technology consulting services, has reported its financial results for the first quarter of fiscal year 2025. The company's performance fell short of analyst expectations on both the top and bottom lines
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.For Q1 FY2025, Booz Allen Hamilton reported:
- Revenue: $2.47 billion, up 12.7% year-over-year
- Adjusted EBITDA: $244 million
- Adjusted EBITDA Margin: 9.9%
- Adjusted Diluted EPS: $1.21
Despite the year-over-year growth, these figures missed analyst estimates. The consensus expectation for revenue was $2.52 billion, while the adjusted EPS estimate stood at $1.23
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.Key Financial Metrics
The company's performance showed mixed results across various financial metrics:
- Operating Income: $213 million, up 16.4% from the previous year
- Net Income: $138 million, an increase of 13.1%
- Adjusted Net Income: $163 million, up 9.4%
- Total Backlog: $32.8 billion, representing a 6.2% year-over-year growth
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Business Highlights
Booz Allen Hamilton's President and CEO, Horacio Rozanski, commented on the results, stating, "We delivered solid first quarter results and are on track to meet our full fiscal year objectives." He emphasized the company's focus on operational excellence and strategic investments to drive long-term, sustainable quality growth
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.The company reported a book-to-bill ratio of 1.91x for the trailing twelve months, indicating strong future revenue potential. Additionally, the total headcount increased by 1,300 year-over-year, reaching approximately 33,900
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.FY2025 Outlook
Despite missing Q1 estimates, Booz Allen Hamilton initiated its outlook for the full fiscal year 2025:
- Revenue Growth: 8% to 10%
- Adjusted EBITDA Margin: Around 10.8%
- Adjusted Diluted EPS: $5.00 to $5.20
This guidance suggests management's confidence in the company's ability to accelerate growth and improve profitability throughout the year
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.Related Stories
Market Reaction
Following the earnings release, Booz Allen Hamilton's stock price experienced some volatility. Investors and analysts will likely be closely monitoring the company's performance in the coming quarters to assess its ability to meet the newly established full-year guidance
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.Industry Context
Booz Allen Hamilton's performance should be viewed within the broader context of the consulting and technology services industry. As digital transformation initiatives continue to drive demand for consulting services, the company's ability to capitalize on these trends will be crucial for its future success.
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