$CSRA (CSRA Inc.)

$CSRA {{ '2016-08-10T21:35:01+0000' | timeago}} • Webcast

As of July 1, 2016, $CSRA had $133MM in cash and cash equivalents and $2.7Bil in debt. Free cash flow was $67MM in 1Q17. The company also has $700MM of undrawn revolver capacity.

$CSRA {{ '2017-05-24T22:03:45+0000' | timeago}} • Webcast

$CSRA stated that regarding the drivers of revenue acceleration in 2H18, the company is seeing a healthy pipeline of new work. Additionally, on head count growth and utilization, $CSRA has seen steady labor utilization rates in recent quarters and expects the same moving forward.

$CSRA {{ '2017-05-24T21:53:24+0000' | timeago}} • Webcast

$CSRA expects quarterly revenue and earnings to step up through 2018, with 1Q18 being slightly below 4Q17, driven by the continued wind-downs of some contracts and equipment purchases pulled forward into 4Q17.

$CSRA {{ '2017-05-24T21:30:18+0000' | timeago}} • Webcast

$CSRA won $3.8Bil in new business in FY17, which the company believes should yield north of $700MM in annual revenue when fully ramped. In 4Q17, $CSRA had its highest number of hires to date, including large number of talented millenials attracted to next generation technology. The company expects this trend to strengthen in FY18.

$CSRA {{ '2017-05-24T20:48:55+0000' | timeago}} • Announcement

For 4Q17, $CSRA's operating cash flow was $50MM, and free cash flow was $62MM. "Our book-to-bill ratio of 1.1x marked the ninth straight quarter with bookings at or above revenue," said CEO Larry Prior.

$CSRA {{ '2017-05-24T20:46:30+0000' | timeago}} • Announcement

For FY18, $CSRA sees a revenue of $5.0-5.2Bil, adjusted EBITDA of $770-800MM and free cash flow of $330-380MM, generating an adjusted diluted earnings of $1.88-2.00 per share.

$CSRA {{ '2017-05-24T20:41:45+0000' | timeago}} • Announcement

Revenue for $CSRA fell 3% to $1.25Bil in 4Q17, as earnings moved up to $0.22 per diluted share from last year's loss of $0.44 a share. Net income attributable to stockholders was $37MM, up from a loss of $72MM, with bookings totaling $1.3Bil in the quarter.

$CSRA {{ '2017-02-07T22:23:12+0000' | timeago}} • Announcement

$CSRA lowered its FY17 revenue outlook to $4.96-5.01Bil from $5-5.2Bil and its adjusted EBITDA estimate to $857-867MM from $870-905MM. The company narrowed its FY17 adjusted EPS forecast to $1.98-2.02 from $1.91-2.04. $CSRA still predicts free cash flow of $300-350MM. The estimate for adjusted EBITDA and EPS assumes pension income of $92MM.

$CSRA {{ '2017-02-07T22:18:32+0000' | timeago}} • Announcement

$CSRA's bookings totaled $1.9Bil in 3Q17, representing a book-to-bill ratio of 1.5 times. The company's backlog of signed business orders at the end of 3Q17 was $15.8Bil, of which $2.7Bil was funded. Total backlog increased 3% compared to the pro forma backlog at the end of 3Q16.

$CSRA {{ '2017-02-07T22:16:15+0000' | timeago}} • Announcement

$CSRA reported a rise in 3Q17 earnings driven by higher revenue. Net income rose to $128MM or $0.76 per share from $51MM or $0.29 per share last year. Revenue grew 18% to $1.22Bil, as a result of merger with SRA International. Pro forma EPS remained unchanged at $0.48.

$CSRA {{ '2016-12-27T16:05:09+0000' | timeago}} • Announcement

$CSRA's subsidiary DynPort Vaccine Co. (DVC) received multiple-award, indefinite-delivery, indefinite-quantity (IDIQ) contract to manage variety of medical product development initiatives for National Institute of Allergy and Infectious Diseases (NIAID). DVC is one of 4 awardees to get IDIQ valued up to $159MM, with 10 years performance period.

$CSRA {{ '2016-12-21T18:03:40+0000' | timeago}} • Announcement

$CSRA received a task order valued at $744MM to provide a wide-range of services supporting the Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) systems used by U.S. Army coalition forces around the world.

$CSRA {{ '2016-11-21T14:27:50+0000' | timeago}} • Announcement

$CSRA received a re-competed contract with the Department of Homeland Security's Office of Cybersecurity and Communications to provide a broad range of technical services and expertise. The single-award contract is valued at more than $52MM over a 4-year period.

$CSRA {{ '2016-11-09T22:15:34+0000' | timeago}} • Announcement

$CSRA still expects FY17 revenue of $5-5.2Bil and adjusted EPS of $1.91-2.04. The company maintained its 2017 adjusted EBITDA guidance of $870-905MM and free cash flow outlook of $300-350MM. The estimate for adjusted EBITDA and EPS assumes pension income of $96MM, consistent with amounts recorded in 1H17.

$CSRA {{ '2016-11-09T22:13:18+0000' | timeago}} • Announcement

$CSRA's bookings for 2Q17 totaled $2.4Bil, representing a book-to-bill ratio of 1.9x. The company's backlog of signed business orders at end of 2Q17 was $15.5Bil, of which $3Bil was funded. Total backlog increased 2% compared to pro forma backlog at end of 2Q16.

$CSRA {{ '2016-11-09T22:09:39+0000' | timeago}} • Announcement

Information technology services provider $CSRA reported a rise in 2Q17 earnings as merger with SRA International drove revenue higher by 30%. Net income rose to $76MM or $0.46 per share from $48MM or $0.35 per share last year. Revenue grew to $1.26Bil from $969MM. Adjusted EPS increased to $0.56 from $0.53.

$CSRA {{ '2016-10-20T18:02:06+0000' | timeago}} • Webcast

$CSRA wins a $114MM task order through the Department of Defense Joint Service Provider program to develop and deploy an in-depth security network strategy that will deter and neutralize malicious activities for various offices within the Pentagon. This was awarded under the CIO-SP3 contract vehicle, and has over 4 and a half years period.

$CSRA {{ '2016-10-13T12:54:14+0000' | timeago}} • Announcement

$CSRA was awarded a five-year $116MM task order from the U.S. Department of Justice (DOJ). Under this order, the company will streamline, maintain and upgrade the IT systems of seven offices and bureaus operating under the DOJ.

$CSRA {{ '2016-09-29T13:12:17+0000' | timeago}} • Announcement

$CSRA announced the company has been awarded a contract by the U.S. Department of Health and Human Services to upgrade its PeopleSoft Human Capital Management system. The new, single-award contract is valued at $38.9MM, including a one-year base period and four, one-year extension options.

$CSRA {{ '2016-09-12T14:55:48+0000' | timeago}} • Announcement

IT solutions provider $CSRA has won a contract to continue providing systems engineering and technical assistance support for the Joint Integrated Air and Missile Defense Organization (JIAMDO). The single-award contract was won as a recompete and is valued at $53MM over a five-year period.

$CSRA {{ '2016-08-24T14:02:06+0000' | timeago}} • Announcement

$CSRA said it received an indefinite-delivery, indefinite quantity (IDIQ) contract to provide logistics integration and weapon systems logistics network support for the U.S. Air Force. The single award IDIQ contract has an $88MM ceiling over a 5-year period.

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