Booz Allen Hamilton Shares Rise on Strong Q1 Earnings
Shares of Booz Allen Hamilton (NYSE: BAH) surged more than 10% after the defense contractor reported strong first-quarter financial results and provided optimistic fiscal year guidance. While revenue came in slightly below expectations at $2.8 billion, adjusted earnings per share were significantly higher than anticipated, reaching $1.81 compared to an expected $1.49. The company also generated robust free cash flow of $261 million during the quarter, a 172% increase year-over-year. Booz Allen Hamilton provided revenue guidance for fiscal 2027 between $11.2 billion and $11.7 billion, along with adjusted EBITDA guidance ranging from $1.24 billion to $1.29 billion. The company's stock is currently trading at a discount relative to its historical cash flow multiples, making it an attractive option for investors seeking value in the defense sector.
Tickers: $BAH
Topics: defense finance stock_performance