CACI International Inc. (NYSE:CACI) Q2 2016 Earnings Conference Call - Final Transcript

Feb 04, 2016 • 08:30 am ET


CACI International Inc. (NYSE:CACI) Q2 2016 Earnings Conference Call - Final Transcript


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Welcome to the CACI International Second Quarter Fiscal Year 2016 Earnings Conference Call. My name is Allen, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to Dave Dragics. Mr. Dragics, you may begin.

Dave Dragics

Thanks, Allen, and good morning ladies and gentlemen.

I'm Dave Dragics, Senior Vice-President of Investor Relations for CACI International, and we're very pleased that you're able to participate with us today.

And as is our practice, we are providing presentation slides. So let's move to Slide number 2.

And it's about the written, and oral disclosures and commentary. There will be statements in this call that do not address historical fact, and as such constitute forward-looking statements under current law. These statements reflect our views as of today, and are subject to important factors that could cause our actual results to differ materially from anticipated results.

Factors that could cause our actual results to differ materially from those we anticipate are listed at the bottom of last evening's earnings release, and are described in the company's Securities and Exchange Commission filings. And our Safe Harbor Statement is included on this exhibit, and should be incorporated as part of any transcript of this call.

I also like to point out that our presentation today will include discussion of non-GAAP financial measures. These non-GAAP measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.

Now let's turn to Slide 3, and to open up our discussion this morning, here's Ken Asbury, President and Chief Executive Officer of CACI International. Ken?

Ken Asbury

Well thank you, Dave, and good morning to everyone.

Thanks for joining us to discuss CACI International's FY '16 second quarter results. With me this morning are John Mengucci, our Chief Operating Officer and President of US Operations; Tom Mutryn, our Chief Financial Officer; and Greg Bradford, Chief Executive of CACI Limited, who is joining us from the United Kingdom.

Slide 4 please.

I am very pleased with our performance this quarter, delivering organic revenue, and net income growth for the second straight quarter this fiscal year. Our cash flow, and backlog for the quarter were also quite strong. Tom and John, will discuss our financial and operational highlights in their remarks upcoming.

On Monday February 1st, we closed on the acquisition of the L-3 National Security Solutions, the largest acquisition we've ever made at CACI, at approximately $1 billion in annual revenue. The expertise, and capabilities of the combined organization are going to ensure that we will be on the cutting edge of next generation IT technology for our customer's critical missions, in enterprise IT, intelligence services, and other key markets. NSS also broadens and deepens CACIs customer base particularly in the intelligence community.

Moreover, the acquisition significantly enhances our enterprise and mission IT credentials, and past