CACI Raises Full-Year Guidance Following Strong Q1 Fiscal 2027 Results
CACI International (CACI) reported strong first-quarter fiscal year 2027 results, highlighted by $4.8 billion in new contract awards and an upward revision of its full-year financial guidance. The company has significantly mitigated operational risk by securing 94% of its expected annual revenue through existing program contracts, leaving only a small fraction dependent on new wins or recompetes. Financial health is improving as debt reduction progresses two quarters ahead of schedule following the acquisition of ARKA. Management expects leverage to return to the low 3x range by March 2027. Additionally, CACI is scaling its manufacturing capabilities with a new 61,000-square-foot facility in Rochester, New York, to meet rising demand for electronic warfare and counter-unmanned aerial systems (C-UAS) technology.
Tickers: $CACI
Topics: contract awards debt reduction defense technology earnings report guidance increase