Booz Allen Hamilton Holding Corporation (NYSE:BAH) Q2 2020 Earnings Conference Call - Final Transcript

Nov 01, 2019 • 08:00 am ET


Booz Allen Hamilton Holding Corporation (NYSE:BAH) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning. Thank you for standing by and welcome to Booz Allen Hamilton's Earnings Call Covering Second Quarter Results for Fiscal Year 2020. [Operator Instructions] Later, there will be an opportunity for questions. I'd now like to turn the call over to Mr. Nick Veasey.

Nicholas Veasey

Thank you. Good morning and thank you for joining us for Booz Allen's second quarter fiscal 2020 earnings announcement. We hope you've had an opportunity to read the press release that we issued earlier this morning. We've also provided presentation slides on our website and are now on Slide 2.

I'm Nick Veasey, Vice President of Investor Relations, and with me to talk about our business and financial results are Horacio Rozanski, our President and Chief Executive Officer; and Lloyd Howell, Executive Vice President, Chief Financial Officer and Treasurer.

As shown on the disclaimer on Slide 3, please keep in mind that some of the items we will discuss this morning will include statements that may be considered forward-looking and, therefore, are subject to known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. Those risks and uncertainties include, among other things, general economic conditions, the availability of government funding for our Company's services and other factors discussed in today's earnings release and set forth under the forward-looking statements disclaimer included in our second quarter fiscal 2020 earnings release and in our SEC filings. We caution you not to place undue reliance on any forward-looking statements that we may make today and remind you that we assume no obligation to update or revise the information discussed on this call.

During today's call, we will also discuss some non-GAAP financial measures and other metrics, which we believe provide useful information for investors. We include an explanation of adjustments and other reconciliations of our non-GAAP measures to the most comparable GAAP measures in our second quarter fiscal year 2020 slides.

It is now my pleasure to turn the call over to our CEO, Horacio Rozanski. We are now on Slide 5.

Horacio Rozanski

Thank you, Nick, and good morning everyone. Today, we have the pleasure of reporting another quarter of excellent operational and financial performance. Our second quarter numbers demonstrate, once again, Booz Allen's institutional strength and our leading position in the market. September 30th marked the midpoint of our current fiscal year and of the three-year period of our investment thesis. Lloyd and I are extremely pleased with where we are at this point against both our plan for this year and the multi-year objectives we set 18 months ago.

Today, we will summarize the firm's performance operationally and financially and discuss our expectations for the remainder of the year. As always, we will put it all in the context of our investment thesis.

Let me start at the strategic level. As you know, over the past seven years, we have transformed our firm into one that is more technically capable, more innovative, and operating in more mission-critical