- Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares are trading high after reporting solid fourth-quarter FY23 results.
- The company saw Q4 sales growth of 8.7% year-on-year to $2.43 billion, beating the consensus of $2.39 billion.
- Revenue, excluding billable expenses, grew 7.1%.
- Adjusted EPS of $1.01 topped the consensus of $0.95.
- Adjusted EBITDA margin expanded by 30 bps to 9.5%.
- Booz Allen Hamilton’s free cash flow was $212.42 million. The backlog increased by 6.7% Y/Y to $31.2 billion.
- Dividend: The company declared a regular quarterly dividend of $0.47 per share, payable on June 30, 2023, to stockholders of record on June 15, 2023.
- The company held $404.86 million in cash and equivalents.
- FY24 Outlook: Booz Allen Hamilton issued FY24 Outlook.
- The company sees sales growth to 7% – 11%. It expects an adjusted EPS of $4.80–$4.95 vs. the consensus of $4.88.
- Price Action: BAH shares traded higher by 6.28% at $95.49 on the last check Friday.
Nasdaq Down Over 50 Points; US Goods Trade Deficit Widens Slightly
U.S. stocks traded mixed this morning, with the Nasdaq Composite dropping around 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.01% to 32,436.22 while the NASDAQ fell 0.52% to 11,707.41. The S&P 500, also fell, dropping, 0.21% to 3,969.06.
