From our earnings call on November 7, 2017.
- Revenue of $1.27 billion up 3 percent compared to the first quarter of fiscal year 2018 (sequentially) and up 1 percent compared to the second quarter of fiscal year 2017 (year-over-year)
- Operating income of $134 million up 3 percent and Adjusted EBITDA of $198 million down 2 percent year-over-year
- Diluted EPS of $0.46 (GAAP) and $0.46 (Adjusted) reflect strong profitability
- Robust book-to-bill ratios of 3.3x for the quarter and 1.8x for the trailing twelve months build the foundation for future growth
"We are pleased to begin fiscal year 2018 with strong financial performance and vibrant business development results that keep us on track to meet our guidance across all of our financial metrics for the year," said Larry Prior, CSRA president and CEO. "First quarter adjusted EBITDA and adjusted EPS both exceeded consensus estimates, as the result of outstanding program performance. We also booked $1.6 billion in awards for a book-to-bill ratio of 1.3x, anchored by a MilCloud win that underscored our leadership position in cloud development and migration. We began the second quarter by closing the NES Associates acquisition, which is off to a great start and yielding immediate benefits to business development and execution."