Booz Allen Hamilton Holding Corp. (BAH), the parent company of Booz Allen Hamilton Inc., has announced its preliminary financial results for the first quarter. The company reported an increase in net income to $165.2 million, or $1.27 per share, up from $161.4 million, or $1.22 per share, for the same period last year. Adjusted earnings per share (EPS) came in at $1.38, down from $1.47 previously. These figures fell short of the consensus forecast by 12 analysts surveyed by Thomson Reuters, who had anticipated earnings of $1.52 per share. It should be noted that analysts' estimates generally exclude special items.
The first quarter revenue rose to $2.94 billion, compared to $2.66 billion in the prior year. When excluding billable expenses, revenue was $2.00 billion, up from $1.84 billion. The consensus estimate among analysts had projected revenue of $2.93 billion.
Looking ahead to fiscal 2025, Booz Allen Hamilton anticipates adjusted EPS to fall within the range of $5.80 to $6.05. The company also expects revenue growth between 8.0% and 11.0%.
Additionally, the company has declared a quarterly dividend of $0.51 per share, scheduled to be paid on August 30, 2024, to shareholders of record as of August 14, 2024.
