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Booz Allen Hamilton stock surges by 8% on strong Q2 results, upbeat guidance

investing.com 25/10/2024 - 11:10 AM

Booz Allen Reports Strong Q2 Results

MCLEAN, Virginia – Booz Allen (NYSE: BAH) Hamilton Holding Corporation saw its stock surge 8% after reporting second quarter fiscal 2025 results that exceeded analyst expectations and raised its full-year guidance.

The management and technology consulting firm reported adjusted earnings per share of $1.81, surpassing the analyst consensus of $1.49. Revenue for the quarter came in at $3.15 billion, up 18% YoY and above estimates of $2.97 billion.

Booz Allen's organic revenue growth was 17.1% in Q2, driven by double-digit growth in both federal defense and civil markets. The company's backlog increased 17.7% YoY to $41.3 billion, with a book-to-bill ratio of 2.61x.

> "Our operational momentum drove excellent performance in the second quarter and we are on track to exceed our multi-year goals," said Horacio Rozanski, Chairman, CEO and President.

The company raised its fiscal 2025 EPS guidance to $6.10-$6.30, above the analyst consensus of $5.99.

Client staff headcount grew 8.1% YoY to approximately 33,400. The company declared a quarterly dividend of $0.51 per share, payable on December 4, 2024.

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