$SAIC (Science Applications International Corporation)

$SAIC {{ '2016-04-25T13:40:02+0000' | timeago}} • Announcement

Premier technology integrator $SAIC said that it was awarded a $93MM task order by the Software Engineering Directorate (SED) under the AMRDEC of the Department of Army. As part of the contract, $SAIC will provide soldiers with services to improve cognitive, tactical and physical performance in high stress environments.

$SAIC {{ '2017-07-19T14:03:47+0000' | timeago}} • Announcement

$SAIC received a $621MM U.S. Central Command task order to provide IT support services to the J6 Directorate. The single-award contract has a one-year base period of performance, four one-year options, and two one-year performance-based term periods.

$SAIC {{ '2017-06-28T11:52:24+0000' | timeago}} • Announcement

$SAIC received a prime contract from the State of Maryland to provide information technology (IT) solutions and services to its agencies. The multiple-award, indefinite-delivery, indefinite-quantity contract has an 11-year period of performance and is worth about $2.5Bil for all awardees.

$SAIC {{ '2017-06-16T10:46:30+0000' | timeago}} • Announcement

Technology integrator $SAIC has incorporated $DVMT unit Dell EMC’s Adaptivity platform into its cloud services. The company will use Adaptivity to determine suitable cloud platforms based on customer’s needs and metrics, thereby accelerating technology investment decisions. Adaptivity will be part SAIC’s Cloud Migration Edge solution.

$SAIC {{ '2017-06-12T21:46:18+0000' | timeago}} • Webcast

$SAIC said the $9MM relating to the platform integration program were costs or investments that were decided to be made in 1Q18. The company expects an additional $3MM of impact for full-year 2018. So the total full-year impact of platform integration will be $12MM or 30BP in 2018.

$SAIC {{ '2017-06-12T21:39:32+0000' | timeago}} • Webcast

$SAIC expects free cash flow of $240MM for FY18. In FY18, $SAIC expects to pay dividends of about $55MM, make total debt payments of about $25MM with the remainder of cash in excess of $150MM available for further share repurchase and strategic M&A.

$SAIC {{ '2017-06-12T21:27:11+0000' | timeago}} • Webcast

$SAIC's contract award activity in 1Q18 led to bookings of approx. $1.3Bil which translates to a strong book-to-bill of 1.2. At the end of 1Q18, $SAIC’s total contract backlog increased to approx. $8.2Bil and funded contract backlog was $1.8Bil. The estimated value of $SAIC’s submitted proposals awaiting award was about $13.2Bil.

$SAIC {{ '2017-06-12T20:33:23+0000' | timeago}} • Announcement

$SAIC's BoD declared a cash dividend of $0.31 per share of the company’s common stock payable on July 28, 2017 to stockholders of record on July 14, 2017.

$SAIC {{ '2017-06-12T20:31:29+0000' | timeago}} • Announcement

$SAIC reported an increase in 1Q18 earnings helped by lower income tax expense. Net income was $49MM or $1.08 per share compared to $33MM or $0.71 per share in 1Q17. Revenues decreased 9% to $1.10Bil versus 1Q17 primarily due to one additional week in 1Q17, contracts losses and other net declines across the portfolio.

$SAIC {{ '2017-06-09T20:59:31+0000' | timeago}} • Announcement

The General Services Administration, on behalf of the US Army Software Engineering Directorate, awarded $SAIC the Virtual, Interactive, and Multimedia, System Engineering Services task order worth more than $404MM. The task order has a one-year period of performance, four one-year options, and work will be performed in Alabama.

$SAIC {{ '2017-03-30T12:52:14+0000' | timeago}} • Webcast

$SAIC said the recompete contracts are in the $40-50MM range YoY which will create a headwind going into FY18. $SAIC expects the FY18 revenue run rate to be comparable to FY17 results. There is upside in 3Q18 and 4Q18 in particular based on pending decisions and timing of future awards of the submitted proposals.

$SAIC {{ '2017-03-30T12:35:07+0000' | timeago}} • Webcast

In 4Q17, $SAIC’s operating income increased $7MM to 5.9% of revenues, up from 5% for 4Q16. This increase was primarily due to lower acquisition and integration expenses, lower intangible asset amortization and cost savings initiatives. EBITDA increased to 7.1% of revenues in 4Q17.

$SAIC {{ '2017-03-30T12:29:21+0000' | timeago}} • Webcast

$SAIC's contract award activity in 4Q17 led to bookings of approx. $800MM which translates to a book-to-bill of 0.8. For FY17, the book-to-bill was 1.2. At the end of FY17, $SAIC’s total contract backlog was approx. $8Bil and funded contract backlog was $1.8Bil. The estimated value of $SAIC’s submitted proposals awaiting award is about $15.5Bil.

$SAIC {{ '2017-03-30T11:08:17+0000' | timeago}} • Announcement

$SAIC BoD declared a quarterly cash dividend of $0.31 per share of the Company's common stock. The dividend is payable on April 28, 2017 to stockholders of record on April 14, 2017.

$SAIC {{ '2017-03-30T11:01:07+0000' | timeago}} • Announcement

During 4Q17, $SAIC's revenue fell 4% YoY to $1.02Bil from $1.07Bil during 4Q16. The decrease was primarily due to lower subcontractor activity,re-compete loss of an IT integration program for the Department of Homeland Security and customer driven delays on a Marine Corp IT services program.

$SAIC {{ '2017-03-30T10:55:55+0000' | timeago}} • Announcement

Technology integrator $SAIC 4Q17 earnings rose 29%, helped by higher operating income and lower effective tax rate. Net income increased to $36MM, or $0.79 per share, compared to $28MM or $0.60 per share during the prior year period. Excluding items, $SAIC earned $0.79 per share, up 7% YoY.

$SAIC {{ '2017-02-01T13:45:30+0000' | timeago}} • Announcement

$SAIC appointed Shane Canestra as director of Investor Relations, effective immediately. Canestra will succeed Paul Levi, who is transitioning to the role of Corporate Development, and maintaining his Sector Finance Operations duties.

$SAIC {{ '2016-12-20T11:55:20+0000' | timeago}} • Announcement

$SAIC said Karen Wheeler will succeed Kimberly Admire as its new Chief Human Resources Officer, effective Feb. 4, 2017.

$SAIC {{ '2016-12-14T23:40:20+0000' | timeago}} • Announcement

$SAIC said its BoD authorized and declared a regular quarterly cash dividend of $0.31 per share, payable on Jan. 27, 2017 to stockholders of record on Jan. 13, 2017.

$SAIC {{ '2016-12-08T15:31:52+0000' | timeago}} • Webcast

$SAIC's newly awarded programs, such as the Amphibious Combat Vehicle and GSA Enterprise Operations, generated revenues of $47MM. US Intelligence Community awarded contracts and task orders of approx. $149MM and Defense Logistics Agency awarded contracts of about $1.4Bil.

$SAIC {{ '2016-12-08T15:18:00+0000' | timeago}} • Webcast

$SAIC was awarded the High Performance Computing Modernization Program (HPCMP) Integrated Technical Services task order by the US Army Corps of Engineers for approx. $575MM. NAVSEA awarded a contract to manufacture MK 48 Mod 7 heavyweight torpedo afterbody and tailcone sections, with total value expected to be about $380MM.

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