RESTON, Va. - CACI International Inc (NYSE: CACI) has been recognized with two Nunn-Perry Awards for its mentorship excellence under the Department of Defense (DoD) Mentor Protégé Program. The company has been honored with this award for the seventh year in a row, highlighting its commitment to fostering growth and innovation among small businesses.
The awards acknowledge the successful partnerships CACI has formed with EXPANSIA, a service-disabled, veteran-owned small business, and Mayvin, a woman-owned small business. These collaborations have been instrumental in supporting the DoD and federal government with advanced technology and professional services.
CACI's alliance with EXPANSIA, which began in 2020, has seen a 94% increase in EXPANSIA's employee growth, with the company securing over $33 million in DoD contracts. Similarly, CACI's partnership with Mayvin since 2021 has helped the latter expand its federal customer base, increase its employee count by 132.5%, and boost its revenue by more than $40 million. Mayvin's services span program management, engineering support, and IT infrastructure, benefiting agencies including the U.S. Army and the Department of Homeland Security.
John Mengucci, President and CEO of CACI, expressed pride in the company's role in nurturing these small businesses, emphasizing the partnerships' contributions to delivering cutting-edge innovation and exceptional results to support the nation's warfighters.
The DoD Mentor Protégé Program, established in 1990, is named after Senator Sam Nunn and former Secretary of Defense William Perry for their significant roles in its implementation. The program offers developmental assistance to a variety of small businesses, including those owned by women and service-disabled veterans.
In addition to these partnerships, CACI has also collaborated with Morgan State University to enhance its strategic planning and performance through services such as Capability Maturity Model Integration (CMMI) and International Organization for Standardization (ISO) implementation.
This news is based on a press release statement and highlights CACI's ongoing commitment to mentorship and its impact on the growth of small businesses within the defense sector.
"In other recent news, CACI International reported a substantial 20% increase in Q4 revenue and a 14% rise for the full fiscal year, exceeding its own guidance. This robust performance was accompanied by a record $14 billion in contract awards. The company's EBITDA reached nearly $800 million, and its free cash flow surpassed $380 million, while its backlog rose to a robust $32 billion, marking a 22% year-on-year increase.
In the same vein, CACI International secured a potential six-year, $239 million task order from the U.S. Army to provide intelligence analysis and operations support to U.S. forces in Europe and Africa. This contract involves the use of its DarkBlue Intelligence Suite, a platform designed to enhance situational awareness and readiness.
BofA Securities and Baird have both expressed optimism about CACI's future, with BofA Securities raising the stock's price target from $450.00 to $535.00 and maintaining a Buy rating, while Baird increased its price target to $544. These upgrades reflect CACI's strong project pipeline and the potential for securing more new contracts than anticipated.
For fiscal year 2025, CACI projects a revenue growth of 6% to 8.5%, with an expected 11% increase in free cash flow per share. The company's revenue is estimated to be between $7.9 billion and $8.1 billion, with adjusted net income projected between $505 million and $525 million. These recent developments underline CACI's growth trajectory and financial health."
InvestingPro Insights
As CACI International Inc (NYSE: CACI) continues to earn accolades for its mentorship excellence, the company's financial metrics demonstrate robust performance and strategic positioning in the market. With a market capitalization of $10.61 billion, CACI showcases its significant presence in the defense sector. The company's commitment to innovation and growth is reflected in its revenue growth, which stands at a notable 14.28% for the last twelve months as of Q4 2024, signaling a positive trajectory in its business operations.
Investors considering CACI's stock will find an InvestingPro Tip particularly relevant: the company is currently trading at a high P/E ratio of 25.37, indicating that the market has high expectations for its future earnings. This is underscored by the company's impressive revenue growth and its ability to maintain a strong gross profit margin of 32.8%. Additionally, CACI's stock has experienced a significant price uptick of 26.87% over the last six months, approaching its 52-week high with the price at 98.85% of this peak.
For those seeking more insights, there are additional InvestingPro Tips available, including the company's low price volatility and its operation with a moderate level of debt, which can be indicative of a stable investment. Furthermore, analysts predict profitability for CACI this year, a testament to its financial health and the success of its strategic partnerships. For a deeper dive into CACI's financial outlook and additional tips, visit https://www.investing.com/pro/CACI, where several more tips are available to assist investors in making informed decisions.
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