8-K
CACI INTERNATIONAL INC /DE/ (CACI)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
January 29, 2020
(Date of Report)
CACI International Inc
(Exact name of registrant as specified in its Charter)
| Delaware | 001-31400 | 54-1345888 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
1100 N. Glebe Road
Arlington, Virginia 22201
(Address of Principal executive offices)(ZIP code)
(703) 841-7800
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | CACI | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging<br><br><br><br><br><br><br><br><br><br><br><br><br> growth company | ☐ |
|---|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
| ITEMS 2.02 | RESULTS OF OPERATIONS AND FINANCIAL CONDITION; |
|---|---|
| and 7.01: | REGULATION FD DISCLOSURE |
On January 29, 2020, the Registrant released its financial results for the second quarter fiscal year 2020.
A copy of the Registrant’s press release announcing the financial results as well as the schedule for a conference call and webcast on January 30, 2020 is attached as Exhibit 99 to this current report on Form 8-K.
| ITEM 9.01: | FINANCIAL STATEMENTS AND EXHIBITS |
|---|
(d) Exhibits
a52165845ex99.htma52165845ex99.htm
| Exhibit 99 | Press Release dated January 29,<br> 2020 announcing CACI’s financial results for the second quarter FY20.<br><br> a52165845ex99.htm |
|---|
a52165845ex99.htm
a52165845ex99.htm
a52165845ex99.htm
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CACI International Inc | ||
|---|---|---|
| Date: January 29, 2020 | By: | /s/ J. William Koegel, Jr. |
| J. William Koegel, Jr. | ||
| Executive Vice President, General Counsel and Secretary |
Exhibit 99
CACI Reports Results for Its Fiscal 2020 Second Quarter and Raises Annual Guidance
Revenue of $1.4 billion, +18.1% year-over-year
Net income of $79.2 million, +15.5% year-over-year
Adjusted EBITDA margin of 10.1%
Robust cash flow from operations
Strong contract awards of $2.7 billion
ARLINGTON, Va.--(BUSINESS WIRE)--January 29, 2020--CACI International Inc (NYSE: CACI), a leading provider of expertise and technology to government enterprise and mission customers, announced results today for its second fiscal quarter ended December 31, 2019.
CEO Commentary and Outlook
John Mengucci, CACI’s President and CEO, said, “CACI again delivered strong financial performance across the board. We grew revenue, including accelerating organic growth, and generated significant profitability and cash flow. Our success in winning business and executing on our growing backlog is driving increasing organic growth. As a result, we are raising our guidance for Fiscal Year 2020 and remain confident in our ability to deliver value to our customers and shareholders.”
Second Quarter Results
| (in millions except earnings per share and DSO) | Q2, FY20 | Q2, FY19 | % Change |
|---|---|---|---|
| Revenue | $1,395.5 | $1,181.6 | 18.1% |
| Operating income | $110.2 | $102.3 | 7.7% |
| Net income | $79.2 | $68.6 | 15.5% |
| Diluted earnings per share | $3.11 | $2.71 | 15.0% |
| Net cash provided by operating activities^1^ | $133.8 | $56.4 | 137.1% |
| Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure^2^ | $140.9 | $123.0 | 14.6% |
| Days sales outstanding (DSO)^3^ | 51 | 73 | |
| (1) | Second quarter FY20 net cash provided by operating activities includes CACI’s Master Accounts Receivable Purchase Agreement (MARPA). For more details, see the Reconciliation of Net<br> Cash Provided by Operating Activities to Net Cash Provided by Operating Activities Excluding MARPA on page 9 of this release. | ||
| --- | --- | ||
| (2) | See the Reconciliation of Net Income to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) on page 9 of this release. | ||
| (3) | The DSO calculation for Q2 FY20 includes the impact of the Company’s MARPA, which was 9 days. The DSO calculation for Q2 FY19 excludes amounts related to the Navy Systems Engineering<br> business acquired during Q1 FY19. |
The year-over-year increase in Q2 FY20 net income was due to higher revenue and operating income and a lower tax rate, partially offset by higher interest expense. The increase in cash from operations was driven by enhanced billing and collections processes as well as the Company’s MARPA.
Second Quarter Contract Awards
Contract awards in Q2 FY20 totaled $2.7 billion, a year-over-year increase of 108%. Approximately 60% of contract award value is for new business to CACI. These awards exclude ceiling values of multi-award, indefinite delivery, indefinite quantity (IDIQ) contracts. Some notable awards during the quarter were:
- A five-year task order, with a ceiling value of $1.1 billion, for new work to provide enterprise and mission technology with advanced and full lifecycle information technology support. This contract is one of the largest Agile software development programs in the federal government.
- A five-year task order, with a ceiling value of nearly $93 million, to provide enterprise technology for advanced architecture engineering.
- More than $530 million in previously unannounced awards on classified contracts with federal government customers safeguarding our nation's security.
Total backlog as of December 31, 2019 was $20.3 billion compared with $12.6 billion a year ago, an increase of 61%. Funded backlog as of December 31, 2019 was $2.8 billion compared with $2.5 billion a year ago, an increase of 14%.
Additional Highlights
- CACI named Lt. Gen. Michael Nagata, U.S. Army (Ret.), a Corporate Strategic Advisor and Senior Vice President to enhance the positioning of CACI's national security related expertise and technology offerings. In this role, Mr. Nagata will support the development of CACI corporate strategy and the expansion of key client relationships.
- CACI named Maj. Gen. Darryl W. Burke, USAF (Ret.) Senior Vice President to provide strategic advice in support of CACI's offerings to the U.S. Air Force. Mr. Burke will use expertise from his more than three-decades with the Air Force to grow CACI's long-term business pipeline with the military service.
- CACI Board of Directors member Debora Plunkett has been named a 2019 Most Influential Corporate Board Director by Women Inc. Magazine. The list features a directory of top women leaders on the boards of S&P 500/Big-Cap publicly held companies.
- The Washington Business Hall of Fame inducted CACI Board of Directors member Michael Daniels as a laureate. The Hall of Fame honors outstanding business leadership and entrepreneurs who, through their work, have made a significant contribution to the quality of life in Greater Washington.
Raising FY20 Guidance
We are raising our FY20 guidance to account for the Company’s strong operating performance. The table below summarizes our FY20 guidance and represents our views as of January 29, 2020.
| (in millions except earnings per share) | Current Fiscal Year 2020 Guidance | Previous Fiscal Year 2020 Guidance |
|---|---|---|
| Revenue | $5,600 - $5,800 | $5,550 - $5,750 |
| Net income | $305 - $325 | $298 - $318 |
| Diluted earnings per share | $11.91 - $12.70 | $11.64 - $12.42 |
| Diluted weighted average shares | 25.6 | 25.6 |
| Net cash provided by operating activities | at least $430 | at least $420 |
Conference Call Information
We have scheduled a conference call for 8:30 AM Eastern Time Thursday, January 30, 2020 during which members of our senior management will be making a brief presentation focusing on second quarter results and operating trends followed by a question-and-answer session. You can listen to the webcast and view the accompanying exhibits on CACI’s investor relations website at http://investor.caci.com/news/#upcomingevent at the scheduled time. A replay of the call will also be available on CACI’s investor relations website at http://investor.caci.com/.
About CACI
CACI’s 23,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World’s Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.
There are statements made herein which do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: legal, regulatory, and political change from successive presidential administrations that could result in economic uncertainty; changes in U.S. federal agencies, current agreements with other nations, foreign events, or any other events which may affect the global economy; regional and national economic conditions in the United States and globally; terrorist activities or war; changes in interest rates; currency fluctuations; significant fluctuations in the equity markets; changes in our effective tax rate; failure to achieve contract awards in connection with re-competes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, implementation of spending cuts (sequestration) under the Budget Control Act of 2011, or any legislation that amends or changes discretionary spending levels under that act; changes in budgetary priorities or in the event of a priority need for funds, such as homeland security; government contract procurement (such as bid protest, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of government audits and reviews conducted by the Defense Contract Audit Agency, the Defense Contract Management Agency, or other governmental entities with cognizant oversight; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); market speculation regarding our continued independence; material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts (GWACs) and/or schedule contracts with the General Services Administration; the potential impact of the announcement or consummation of a proposed transaction and our ability to successfully integrate the operations of our recent and any future acquisitions; our own ability to achieve the objectives of near term or long range business plans; and other risks described in our Securities and Exchange Commission filings.
CACI-Earnings Release
| Selected Financial Data | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| CACI International Inc | |||||||||||
| Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||
| (Amounts in thousands, except per share amounts) | |||||||||||
| Quarter Ended | Six Months Ended | ||||||||||
| 12/31/2019 | 12/31/2018 | % Change | 12/31/2019 | 12/31/2018 | % Change | ||||||
| Revenue | $ | 1,395,469 | $ | 1,181,641 | 18.1% | $ | 2,758,861 | $ | 2,347,505 | 17.5% | |
| Costs of revenue | |||||||||||
| Direct costs | 904,867 | 790,849 | 14.4% | 1,783,748 | 1,573,609 | 13.4% | |||||
| Indirect costs and selling expenses | 352,448 | 269,677 | 30.7% | 710,040 | 534,434 | 32.9% | |||||
| Depreciation and amortization | 27,967 | 18,852 | 48.4% | 54,729 | 37,599 | 45.6% | |||||
| Total costs of revenue | 1,285,282 | 1,079,378 | 19.1% | 2,548,517 | 2,145,642 | 18.8% | |||||
| Operating income | 110,187 | 102,263 | 7.7% | 210,344 | 201,863 | 4.2% | |||||
| Interest expense and other, net | 14,714 | 9,421 | 56.2% | 31,525 | 18,307 | 72.2% | |||||
| Income before income taxes | 95,473 | 92,842 | 2.8% | 178,819 | 183,556 | -2.6% | |||||
| Income taxes | 16,278 | 24,246 | -32.9% | 31,647 | 36,127 | -12.4% | |||||
| Net income | $ | 79,195 | $ | 68,596 | 15.5% | $ | 147,172 | $ | 147,429 | -0.2% | |
| Basic earnings per share | $ | 3.16 | $ | 2.76 | 14.5% | $ | 5.89 | $ | 5.95 | -0.9% | |
| Diluted earnings per share | $ | 3.11 | $ | 2.71 | 15.0% | $ | 5.78 | $ | 5.81 | -0.6% | |
| Weighted average shares used in per share computations: | |||||||||||
| Basic | 25,065 | 24,856 | 24,979 | 24,796 | |||||||
| Diluted | 25,435 | 25,338 | 25,483 | 25,381 | |||||||
| Statement of Operations Data (Unaudited) | |||||||||||
| Quarter Ended | Six Months Ended | ||||||||||
| 12/31/2019 | 12/31/2018 | 12/31/2019 | 12/31/2018 | ||||||||
| % Change | % Change | ||||||||||
| Operating income margin | 7.9% | 8.7% | 7.6% | 8.6% | |||||||
| Tax rate | 17.1% | 26.1% | 17.7% | 19.7% | |||||||
| Net income margin | 5.7% | 5.8% | 5.3% | 6.3% | |||||||
| Adjusted EBITDA* | $ | 140,902 | $ | 122,951 | 14.6% | $ | 269,213 | $ | 240,017 | 12.2% | |
| Adjusted EBITDA Margin | 10.1% | 10.4% | 9.8% | 10.2% | |||||||
| *See Reconciliation of Net Income to Adjusted Earnings before Interest, Taxes, Depreciation and Amortization on page 9 |
| Selected Financial Data (Continued) | |||||
|---|---|---|---|---|---|
| CACI International Inc | |||||
| Condensed Consolidated Balance Sheets (Unaudited) | |||||
| (Amounts in thousands) | |||||
| 12/31/2019 | 6/30/2019 | ||||
| ASSETS: | |||||
| Current assets | |||||
| Cash and cash equivalents | $ | 68,645 | $ | 72,028 | |
| Accounts receivable, net | 828,795 | 869,840 | |||
| Prepaid expenses and other current assets | 126,629 | 89,652 | |||
| Total current assets | 1,024,069 | 1,031,520 | |||
| Goodwill and intangible assets, net | 3,848,376 | 3,772,194 | |||
| Property and equipment, net | 168,786 | 149,676 | |||
| Operating lease right-of-use assets | 347,515 | - | |||
| Other long-term assets | 137,950 | 133,453 | |||
| Total assets | $ | 5,526,696 | $ | 5,086,843 | |
| LIABILITIES AND SHAREHOLDERS' EQUITY: | |||||
| Current liabilities | |||||
| Current portion of long-term debt | $ | 46,920 | $ | 46,920 | |
| Accounts payable | 135,125 | 118,917 | |||
| Accrued compensation and benefits | 294,444 | 290,274 | |||
| Other accrued expenses and current liabilities | 292,902 | 235,611 | |||
| Total current liabilities | 769,391 | 691,722 | |||
| Long-term debt, net of current portion | 1,550,809 | 1,618,093 | |||
| Other long-term liabilities | 697,916 | 405,562 | |||
| Total liabilities | 3,018,116 | 2,715,377 | |||
| Shareholders' equity | 2,508,580 | 2,371,466 | |||
| Total liabilities and shareholders' equity | $ | 5,526,696 | $ | 5,086,843 |
| Selected Financial Data (Continued) | |||||
|---|---|---|---|---|---|
| CACI International Inc | |||||
| Condensed Consolidated Statements of Cash Flows (Unaudited) | |||||
| (Amounts in thousands) | |||||
| Six Months Ended | |||||
| 12/31/2019 | 12/31/2018 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||
| Net income | $ | 147,172 | $ | 147,429 | |
| Reconciliation of net income to net cash provided by | |||||
| operating activities: | |||||
| Depreciation and amortization | 54,729 | 37,599 | |||
| Non-cash lease expense | 35,850 | - | |||
| Amortization of deferred financing costs | 1,176 | 1,156 | |||
| Stock-based compensation expense | 14,499 | 12,047 | |||
| Deferred income taxes | 14,104 | 9,123 | |||
| Changes in operating assets and liabilities, net of | |||||
| effect of business acquisitions: | |||||
| Accounts receivable, net | 51,458 | (136,177) | |||
| Prepaid expenses and other assets | (28,921) | (2,739) | |||
| Accounts payable and other accrued expenses | 8,121 | 110,007 | |||
| Accrued compensation and benefits | 1,529 | (27,116) | |||
| Income taxes payable and receivable | (21,384) | (10,781) | |||
| Operating lease liabilities | (37,989) | - | |||
| Long-term liabilities | (3,319) | (1,008) | |||
| Net cash provided by operating activities | 237,025 | 139,540 | |||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
| Capital expenditures | (41,035) | (17,813) | |||
| Purchases of businesses, net of cash acquired | (102,056) | (91,151) | |||
| Other | - | 1,876 | |||
| Net cash used in investing activities | (143,091) | (107,088) | |||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||
| Net borrowings (payments) under credit facilities | (68,460) | (8,460) | |||
| Payment of contingent consideration | - | (616) | |||
| Proceeds from employee stock purchase plans | 3,665 | 2,827 | |||
| Repurchases of common stock | (3,596) | (2,756) | |||
| Payment of taxes for equity transactions | (29,083) | (18,039) | |||
| Net cash provided by (used in) financing activities | (97,474) | (27,044) | |||
| Effect of exchange rate changes on cash and cash equivalents | 157 | (874) | |||
| Net increase (decrease) in cash and cash equivalents | (3,383) | 4,534 | |||
| Cash and cash equivalents, beginning of period | 72,028 | 66,194 | |||
| Cash and cash equivalents, end of period | $ | 68,645 | $ | 70,728 |
| Selected Financial Data (Continued) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Revenue by Customer Type (Unaudited) | ||||||||
| Quarter Ended | ||||||||
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | Change | % Change | ||||
| Department of Defense | $ | 990,381 | 71.0% | $ | 834,797 | 70.6% | 18.6% | |
| Federal Civilian Agencies | 342,029 | 24.5% | 287,915 | 24.4% | 18.8% | |||
| Commercial and other | 63,059 | 4.5% | 58,929 | 5.0% | 7.0% | |||
| Total | $ | 1,395,469 | 100.0% | $ | 1,181,641 | 100.0% | 18.1% | |
| Revenue by Contract Type (Unaudited) | ||||||||
| Quarter Ended | ||||||||
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | Change | % Change | ||||
| Cost reimbursable | $ | 818,477 | 58.7% | $ | 657,050 | 55.6% | 24.6% | |
| Fixed price | 388,867 | 27.9% | 337,374 | 28.6% | 15.3% | |||
| Time and materials | 188,125 | 13.5% | 187,217 | 15.8% | 0.5% | |||
| Total | $ | 1,395,469 | 100.0% | $ | 1,181,641 | 100.0% | 18.1% | |
| Revenue Generated as a Prime versus Subcontractor (Unaudited) | ||||||||
| Quarter Ended | ||||||||
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | Change | % Change | ||||
| Prime | $ | 1,268,993 | 90.9% | $ | 1,091,956 | 92.4% | 16.2% | |
| Subcontractor | 126,476 | 9.1% | 89,685 | 7.6% | 41.0% | |||
| Total | $ | 1,395,469 | 100.0% | $ | 1,181,641 | 100.0% | 18.1% |
All values are in US Dollars.
| Contract Awards Received (Unaudited) | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | ||||||
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | Change | % Change | ||
| Contract Awards | $ | 2,711,484 | $ | 1,303,553 | 108.0% |
All values are in US Dollars.
Reconciliation of Net Cash Provided by Operating Activities to Net Cash Provided by Operating Activities Excluding MARPA (Unaudited)
The Company defines net cash provided by operating activities excluding CACI’s Master Accounts Receivable Purchase Agreement (MARPA) as net cash provided by operating activities calculated in accordance with GAAP, adjusted to exclude net cash received from CACI’s MARPA for the sale of certain designated eligible U.S. government receivables. Under the MARPA, the Company can sell eligible receivables, including certain billed and unbilled receivables up to a maximum amount of $200.0 million. The Company provides net cash provided by operating activities excluding MARPA to allow investors to more easily compare current period results to prior period results and to results of our peers. This non-GAAP measure should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.
| (dollars in thousands) | Quarter Ended 12/31/2019 | ||
|---|---|---|---|
| Net cash provided by operating activities | $ | 133,821 | |
| Cash used (provided) by MARPA | (16,334) | ||
| Net cash provided by operating activities excluding MARPA | $ | 117,487 |
Reconciliation of Net Income to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (Unaudited)
The Company views Adjusted EBITDA and Adjusted EBITDA margin, both of which are defined as non-GAAP measures, as important indicators of performance, consistent with the manner in which management measures and forecasts the Company’s performance. Adjusted EBITDA is a commonly used non-GAAP measure when comparing our results with those of other companies. We define Adjusted EBITDA as GAAP net income plus net interest expense, income taxes, depreciation and amortization expense, including depreciation within direct costs, and earnout adjustments. We consider Adjusted EBITDA to be a useful metric for management and investors to evaluate and compare the ongoing operating performance of our business on a consistent basis across reporting periods, as it eliminates the effect of non-cash items such as depreciation of tangible assets, amortization of intangible assets primarily recognized in business combinations, as well as the effect of earnout gains and losses, which we do not believe are indicative of our core operating performance. Adjusted EBITDA margin is adjusted EBITDA divided by revenue. These non-GAAP measures should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.
| Quarter Ended | ||||||
|---|---|---|---|---|---|---|
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | % Change | |||
| Net income | $ | 79,195 | $ | 68,596 | 15.5% | |
| Plus: | ||||||
| Income taxes | 16,278 | 24,246 | -32.9% | |||
| Interest income and expense, net | 14,714 | 9,421 | 56.2% | |||
| Depreciation and amortization expense, including depreciation within direct costs | 28,615 | 19,488 | 46.8% | |||
| Earnout adjustments | 2,100 | 1,200 | 75.0% | |||
| Adjusted EBITDA | $ | 140,902 | $ | 122,951 | 14.6% | |
| Quarter Ended | ||||||
| (dollars in thousands) | 12/31/2019 | 12/31/2018 | % Change | |||
| Revenue, as reported | $ | 1,395,469 | $ | 1,181,641 | 18.1% | |
| Adjusted EBITDA | 140,902 | 122,951 | 14.6% | |||
| Adjusted EBITDA margin | 10.1% | 10.4% |
Contacts
Corporate Communications and Media:
Jody Brown, Executive Vice President, Public Relations
\(703\) 841-7801, jbrown@caci.com
Investor Relations:
Dan Leckburg, Senior Vice President, Investor Relations
\(703\) 841-7666, dleckburg@caci.com