CACI - Earnings call transcript Q3 2020

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Operator

Ladies and gentlemen, thank you for standing by. Welcome to the CACI International Third Quarter Fiscal Year 2020 Earnings Conference Call. Today's call is being recorded. At this time, all lines are in a listen-only mode. Later, we will announce the opportunity for questions, and instructions will be given at that time. Instructions] [Operator

ahead. I Leckburg, turn Investor Senior CACI Please time, over conference Relations like International. Dan to Vice go would this the to call for At President of

Dan Leckburg

everyone. Well, I'm of thank Relations Thank morning. us CACI. for for And you, good Investor Dan Senior Vice Andrea. Leckburg, President joining this you morning,

statements of not the today last There statements differ of that in forward-looking actual this are SEC company's listed and slides, materially let's are current cause so to bottom such, be We in under fact, move factors the night's to as subject that filings. statements will press views do are address to results These providing presentation factors at could important slide release from and historical Those and number reflect anticipated. described our X. as law. call are constitute our

this incorporated should of Our any this exhibit safe and of included on harbor as part statement call. be is transcript

also like measures. These I GAAP. financial our or in accordance be considered prepared performance include not as in non-GAAP to isolation will measures that would with substitute of should for discussion point out a presentation

discussion Please John? and please. turn X, open morning, CACI To President to John here's Mengucci, Chief our of slide Officer Executive this International.

John Mengucci

me. you Thanks, are morning Tom our Thank And Greg third Dan. the joining UK. good to President With morning, Financial us Bradford, Limited, me this who's Mutryn, Excuse for discuss quarter Officer. us joining And everyone. of fiscal from Chief results. year CACI XXXX our

times. are these you I and foremost, families safe unprecedented hope and First healthy your during and

continue doing and health we team operate responsible the of to the in work our fiscally manner, COVID-XX employees, and at we to commitment and customers, can impacted to company hearts Our CACI in Know pandemic. by which live. to the our everyone that to to the safety unwavering continue to support our a ensure communities go our all is out

our be will brief prior of provide this to and after fourth third call bulk I'm our going quarter results. the of quarter a for specific to morning spend third our After quarters. on than a little format into our The responses time our third our COVID-XX different my overview COVID-XX Tom results and importantly in expectations impacts that, full the year. fiscal quarter and quarter additional insights will of

awards X, quarter much performance results for please. expectations and with total third and flow deliver results for XXXX. our cash XX% contract growth XX. in organic, keep profitability, on that Slide fiscal us very were about fiscal the robust. all CACI am quarter very I XX% a line of our our pleased with and revenue to were with delivered These year of great and track

in the minimal we impact timing of challenges in of March, financial Given third the saw quarter. part the latter COVID our

Slide X please.

is all for of proactively CACI and noted, stakeholders, employees, to our associated doing our we can all shareholders I address risks communities. As with COVID-XX customers,

continued their For our and ensuring home. our on of safety, focus health the their health families employees, and is at

some to of a delivering in technology world. expertise the important most national people are some the of advanced Our and asset, most the customers

workforce government or approximately The facility. employees home. from is Today, of our are a largely XX% of working working CACI rest our from

where recommendations for we and of appropriate. in the gloves those For adhering CACI are to masks use facility, CDC and the social distancing

Thus business recovered. We all and or are have environments COVID-XX, our cleaning procedures we infected by have had already very enhanced also normal recovering far, have few laboratories. specialized implemented for and well employees procedures for

remain as ever customers, to our requirements. security national support we committed as their For

continue allow CACI remotely, many critical to have have facilities, of schedules to customers We challenges personnel shift many moved while deal are concentrations. moved flexible, COVID we work customers to secured work requiring dedicated reducing and with agile for to Like and as classified national our security together.

We coordination had temporary and methodology agencies, a to support With National two SCIF, square recently done XXX CDC before. classified we authorization government or XX,XXX adhering never previously social also mission-essential distancing been allows environment. to to a networks of while between that through space employees This Security feet office to connected provide unclassified still converted a two guidelines. classified program

This temporary capabilities, employees' to testament in SCIF agility. our stood nine was up days, customers' and and our a commitment

Puget On of work State a of Washington national COVID-XX program, contributing equipment Hospital. response. And to directly our helped one Army to for the XXX-bed the some Sound send we is area

country Jersey, hit places ventilators We Seattle teams hard City, New set medical several prepared also deployed logistic New of have York like New our Orleans. to the including and and and in New to communications to of ship up areas and have and systems York other FEMA communications equipment for medical

new doctors we and front and CACI heroes to say, and communities to in work, our remain can. always customers' on we the lines, and which COVID-XX fighting front Needless nation's our we supported line, in a we COVID-XX. committed missions nurses live has are doing with however on the so battling now

across to ability those program food on put CACI limit support an to Our launched who the challenges are their and CARES that dealing country hospitals initiative with the economic table.

we a communities of which number In in operate.

XXX,XXX financial support than sending need. provide banks, food for will to are hundred in and X,XXX meals to We hospitals directly meals those which more providing

to do. need this, thing right the communities it's Our and just

remains our CACI's balance For strong. to continue sheet we ensure shareholders,

are flow. predictable providing customers Our and consistent payers cash reliable

long-term We contracts, levels visibility. hold of high providing

appropriate. levels are leverage Our

ample liquidity credit facility. to to our current have access additional We

down expanding are remains paying We market debt future outgrowing on CACI growth, to investing and ensuring positioned deliver still and commitments, our addressable in margins. our

and test the standing bright. enduring, our prospects is strategy of remain time, business Our

modernization a contracts. of enduring, and procured and Resiliency our business. well-funded Security characteristic of Slide under X, our is priorities National long-term are customers The foundational please.

procurement priorities have serves. avoid delays bids, to over In online traditional proposals. CACI in with remote of replaced nearly six government implemented critical fact, those customer government the the for weeks the national in-person In last proposal billion presentations $X.X several of those since, the operations, submitted virtual presentations order we which

technology is demand and customers expertise line remains, to The continue and our our for procure. bottom

We hire. also recruit to continued actively and

Our consistently our growing included are to we backlog. deliver process virtual already on talent interviews, seamlessly acquisition talent so adding

has us able at The shortly. level, ensure that the to Act this and for be also available, customers, provides work Act and but details support mechanism our invoicing program put guidelines guidelines level CARES due time been on since through on several is plans. reimburse the for not protections. memos to our US maintaining government protections of agency in during hours March several COVID-XX, implementing CACI department we place allow on additional our CARES or details workforce are and continue supporting passed individual The to social XX disruption, details continued including will workplace under ready have may to federal and our issued, this provisions those return working a reduced that have to still these Tom while and distancing to provide customers

extremely I'm of times, the genuinely unprecedented and good across these own done Given ongoing proud of performance. things being business all our our

our we to customers. expertise deliver keeping and critical safe, are to our technology continue We employees

are margin we delivering communities and long-term We of supporting to shareholder our and position across the growth, strength value. a remain expansion nation, continue in

call the turn over Tom. I'll to that, With

Tom Mutryn

good everyone. morning, you, And Thank John.

webcast, To our like company's pandemic. I to your employees the are and John's everyone proud incredibly and or response in of families I safe, too and am would the sentiments hope call COVID-XX. First, collective the healthy on around you to to I echo listening our

to slide Please turn X.

as employees revenue accelerated LGS greater increasing growth. year, $X.X and our Our from Organic $XX million. on for facilities, last the during than CACI The execute we quarter third quarter negatively including backlog COVID-XX, organic existing secure was grow with effects MacDon subcontractors quarter impacted by acquisitions third and last of at access Note revenue limitation billion, growth programs. anniversaried approximately XX% X.X% that quarter. and this

credits, to $X impacted a million. rate a operating million, year's around COVID-XX by successfully due profit. audit, income the to this $X quarter. revenue net from $XX.X the income factors for a from driven year for lower profit up did ago, and R&D Net partially quarter million We benefit operating was higher $X.X concluded million in tax negatively a tax XX% prior by which book led a by

Slide please. X

model As John strong comfortable financial our years has and robust are over many implemented business a position. we with discussed, very CACI

on the excluding our flow, see generating modest with record established relatively expenditures. facility, track strong flow ago. operating of slide Receivable third have we quarter, In we from can XX% cash you of year As an Accounts generated capital cash X, up million $XXX a

flow I cash appropriate efficient building AR CACI supported days and debt Our and year our discussed. down has processes. last facility three driven and dependable a Day collection flow days, was strength from sales and and levels liquidity with robust strong our XX US our a nine days and outstanding the the cash government by stability federal of significant excluding year available, ago. healthy by was balance customer sheet just by from

trailing X.X we the adjusted months We ability ended delever year to the EBITDA lower about LGS is third after quarter making with quickly debt after to XX MacDon times. acquisitions. last and at quarters demonstrating funded our than three return acquisitions, This net

to significant quarter. readily $XXX with of as million have our unused on capacity the liquidity end revolving facility We available access the of of credit

remaining times capacity deleveraging The to years of and flow investment times In we unforeseen weather events present covenants leverage of. financial additional more interest inside acquisition and cash four debt and two and both the a and well we strategic are up of short, coverage, as has provisions. continued are X.X ample themselves. life our they undertake The credit have ratio contains X.X facility strong which supports normal

a current next diverse the most fiscal year base security by to Despite healthy priorities. the has in remain clients please. national uncertainty are government funded COVID-XX fully agencies our attractive. remains X, created on year. and the All of stable fiscal important spending for expected and our Slide the CACI government environment government is nation's focused

of contracts, the Bottom of vast importance contract long-term resilient support the community our passage of taken has CARES industry the mission including as challenges. quite navigate of steps, work remain enterprise We indicators and our performed line, recognizes under the our and healthy. current forward government to the a business majority and Act, we our and is

mentioned, awards in to have we which quarter translates billion, XX-month John trailing the of a contract third of solid times. As book-to-bill X.X $X.X

year-over-year years revenue. of Our billion almost XX% $XX X.X represents grew total and backlog of

business to with of that of worth metrics with bids to new bids healthy. pipeline the quarters pending XX% awards another over over CACI, new billion and we be XX% of for CACI. billion and submit June $XX.X to that are for during expect to September Our business continue $X Submitted

please. XX, Slide

our Turning to reiterate outlook, pleased to the quarter. last guidance we provided we are

we we be at are within certain guidance highly midpoints. or we and reasonably our know today, what we ranges be Given the will to confident will close

to direction and known robust providing growing, under reimbursable business significant due most to first, CARES rates exclude Our to two on and guidance the remains profit but for customers billing unable The our many available, and COVID-XX. the employees includes underlying labor impacts. COVID-XX Act are, work are ready

timing our Second, of sales the some fiscal year. we product next delayed be to will expect

Our customers capabilities unable intact, simply to accept production or testing remain will likely some be but perform deliveries.

recovered to we COVID-XX net the be COVID million, expected remaining expected income the such million. income to year, impact future of timing the estimate be of business. unique $XX one-third be not impact as have full impacts are to our around around the the $XX are to long-term For revenue impact related and Approximately any net response is to is impact pandemic on The and and periods. in

estimate we margins now this, full-year EBITDA to adjusted all around be With XX%.

down effective tax by from driven an now of tax prior rate Our XX%, credits our years. previous from R&D assumes XX%, primarily expectation approximately FYXX higher of guidance

related cash to benefit under portion of of be disbursement employer Section may the potential of from cash collected see to Act XXXX the as well delays, but are deferral the impacted there government invoicing CARES If payroll related complexity provisions to CARES we tax, approval is impacts COVID-XX the we will any flow, Turning invoices as while invoicing of ultimately to temporarily of filings. as or complexities related payment do and resolved. collections Act

delivered our and and we a All great growth we reiterate pleased guidance operating to profitability, with at maintain to third our able million. cash quarter all, least this, organic to revenue be $XXX we strong flow are in Given be full year of able pleased to are all guidance.

if our end the it net COVID-XX, and is would likely business of range. above finished strong, fundamentally the year or for we have not current income high at were guidance Our

call back turn John. I'll the that, over With to

John Mengucci

Tom. you, Thank

slide Let's no please. go to unprecedented are These doubt XX times.

to has out has go COVID-XX. Our thoughts by been who best all and economic by We wishes someone everyone impacted seen job virus. this losses The affected significant and know impact. nation

be leading incredibly more times to grateful ever, CACI. these During than I'm

by to unimpacted supporting continue We communities. a strong company, fiscally customers' are critical continue relatively continue to resilient grow, pandemic, missions, and support our this and position to putting a affected us in our

under And to I the COVID-XX, this our continue time will talented have to my in providing navigate commitment. we continue Tom serving insights. and alongside As and leadership humbled team you be valuable industry. most transparency CACI are

and You with business decisions all Day them. and have I for our our day and providing that. for of the safety right courage, all met company, nation. interest out, best care long-term they you in thank leading many this of the are customers, making and employees, in

our our and employees, XX,XXX bravery commitment every support And day customers. you of demonstrate and each in

during truly inspiring. is resolve these challenging Your times

you for and day. always, and I you expertise As of we you you anything. all deliver each technology should need for thank the here are incredible every Know

questions. let's that, With for call Andrea, open the

Operator

go Robert of comes question first Credit Please ahead. Suisse. our And Instructions] from [Operator Spingarn

Unidentified Analyst

reimbursed there just Or on you coming quarters costs the are [ph] to for might and kind recover the not in current or able be you since lost benefit quarter, weren't and Scott out you to recoverable? just get Tom, The Rob. out invoice - able those that question. quarter, COVID-XX it's such this they in in those Hey, build a them future? of

Tom Mutryn

quarter, So, adjustment after through of we costs equitable cost normal the for will the some the REA for building XXth know recovered be XX in courses request The March March after to prior third Yes, recovered be process. could this. an

John Mengucci

CARES of invoiced recoverable also hours. I'd of amount profits and our are will and of - rest at Act the if rest Scott, technology around delivered, the be actually fully considered fees, that company building of XX% Yes. The the full expertise look we are hours the add and hours with like.

running - number our of So, CARES immaterial hours I is usual. but XX% hours Act. businesses this an a business of hate to actually rest say The are the covered of by

Unidentified Analyst

follow-up. different you. of helpful. particular. And a in Got particularly how government, is will accelerate cloud it. there John, about and That's COVID-XX this internet the of Thank discussion Outside the trends, trends, the leverage, kind as just big secular

Thank about so as Are enterprise Just relates linings kind that may bit particularly of that the see you. to accelerated it it as funding IT or- some business? there wondering, can there's you relates space. a talk be long-term there silver greater and adoptions, part your you customer any and your to digital of

John Mengucci

Yes, Scott. Thanks.

growth tremendous what of be secular to of yes, and amount talking are What CARES is team they're this. is So areas business I've our believe based that across trillion with about contract-adjustable estimates number the moving is fiscal us. so this the for time a hats is side when $X every we of about Act. to billion and year $XXX comes on, XXXX the we'll on COVID-XX, impact government seen, our to been fair going we nation. a and right, be But the much opportunity I've is kind But opportunity, that impact of there of on hear funding impact with the in it

does and the systems budget potential mentioned. address funding those that above request Scott. original is you have of some really and the to infrastructure, that Now,

mostly at can our how look that we interact at customers the to deliver, how going we our we funds As we how those are we to and play asking look we're deliver to CACI strengths. and outcomes change

enterprise, UAS, post put to warfare, where to we've areas know, emphasis like As in more investing you is counter going IT in. we're mobility, leaders electronic secure landscape COVID already The others. on areas all market been and even

they've We opportunity level at in to also of I enhance give share and secular of medium shape, really - look aligned supporting risen examples gain are to ways see we beginning each because we're just I'll the growth we how think to more term, a us that the us those much interact even couple you aligned with areas. So to very them. of and better customers and other. can meaning who already "Us" market

briefings share solution. that to is, to while for rate, box take-up The and and it increase agencies environment. secure were responded enhanced a what an files activity. voice to steel allows COVID-related in text encrypt deployed that their tele We've addition seen had, and user in does, we've our working communication

the mobility about rates to continue prior to we us do So, how more of to COVID-XX. post we delivered of office, think secure the deliver and being at out COVID-XX

is XXX the We've much very, to prior also open out, very development with setting national do talked to at which this about classified way customers number an going with We've person been went assets we more go and of and protect looking to discussed the I I something COVID-XX. we're we manner. unclassified that pilots They couple great kind be security of intelligence nine distributed, SCIF how agencies. do one, in much our in nation. protecting a - up well had see think thinking more days. figure That's about a

to Number X, way opportunities not square are as eccentric the now building a in think very and they those it foot we manner need right much find today. are I we that ways today, so here do are to said limitless,

Thanks Scott. for So, question. the

Unidentified Analyst

helpful. John. very you, Thank That's

Operator

next Matt Akers Our comes Barclays. of Please from go question ahead.

Matt Akers

Hey, for question. morning, good guys. Thanks the

John Mengucci

Sure.

Matt Akers

that point? kind they're you asking of I kind is how the balance also, market, could comment doing time, sort if of deals? on versus for just was early maintaining wondering this now? liquidity at capitulating right of it active do too are terms you at are How there for in or any you sellers of this And M&A prices

John Mengucci

thank you that, Yes. for that for question. Matt, thanks. of Look, first all,

with is is business a fit changing. has and program, Where get fill as or model culture. then enhance financial strategically If need a fit, be our a access new the good that of is to there None to improve we're or M&A Our going gaps we - our and create capabilities to very you all driven. points. know, customer

gaps Our fill are we remains the to process the these, through all same. you know. acquisitions, We're there. middle those in The decided always that of

get the markets top some we'll to technologies discuss a is investments you planning, post ear early company all we leaders, but bit looking that the of customers. also today, of our may mind. can I tell we're can it fill over COVID-XX that at from We're better process leading this CACI long the Our different the of our clearly looking difference where make be or FYXX and is sense top for The to gaps. at too those the to term make a weakness business better rest has strengthened. areas of - It's looking

In the as near companies be might looking term, we're are focused, operationally more at. we

to acquisitions phone, So, for will to the say resilient to our us, days still still touching how potential doing like. coming Other out this. not they relationships. touch M&A different have of continue to help the and there modeling a well go has XX like, they're there and to hiatus we the it, how as companies and at webcasting. were prior have word and meet going result, that I But COVID-XX. look take and We a the to us with that "hiatus", out already taken when That really better at pursuing looking mean don't well. still able potential as we're and we We're slightly understand XX out hoping temporary to financial companies are company's

a Tom side. equity little mentioned you talk awful lot. let about done that, mean, the we've I I'll think on an but bit I

invest is growth. priority and pay down for first to secondly, our You debt. know that

So, Tom.

Tom Mutryn

Yes.

of storm. and facility So, that in subsequent company, event fundamentally, the believe to three stewards major whether the the into US large had the an that block and of on, this, standard the we that we our whether and we liquidity of of COVID-XX number deviation that. are to - see that as of certainly the the to four international event. that to [ph] - We a we didn't going the weathered a had kind credit did shutdown in sure had feel the type of of certainly as with Early have we see event, And survive banks. make we kind type increase - news or the qualifies we wanted banks happy to and to to both where were assessment very and we liquidity access with good made we is liquidity decision

long-term first So, liquidity, significant foremost been and CACI. in mind. of viability has that always the my Protect

would time whilst additional And money, that same have ensuring that reserve we we acquisitions, we do at that additional capacity. if did do borrowing the

Matt Akers

just Great, kind had the LGS a you thanks. sort you how one That's update a I half of of on on little of are that this and those Mastodon. for really guess helpful. - progressing? planned one just back Can up companies think in us I And bit of ramp other year.

alluded give be maybe I a delayed to the prepared there. color just bit, think could little product can you you any in us remarks some sales

John Mengucci

Yes. Matt. Sure, Yes.

deliveries retail, across into extremely CACI. year. Kevin, we company, I'm Mark in their especially but an So the have of product and bruises first LGS Benoit part, done leadership Kelly very happy. Mastodon. very We're and seamless product outstanding today. job. development very, proud have Both We'll the bumps of going always have for teams companies both and on, very, most and through bringing It's little their our

yes. of product As it the some pertains deliveries, to

material from specialized to dock. company, to may as as take in just prior types packed revenue it's tested. They of [ph], products the approval, equipment and either so bench prepared you we be go they're into across the more have cyber Some to very situation go the test in Mastodon, realm realm mentioned box specific we a like. during our simple ship Tom amount They're and not his at need very of those both some or a of say a that products. test deliver remarks, the And and LGS on

a them are of these already Tom built. So, lot as products we'll perturbation slight see A of mentioned.

fourth now. delivered. probably Some in are be first later into and all quarter. will the through production They going Timing, quarter our

Matt Akers

lot. Great, thanks a

John Mengucci

you. Thank

Operator

Gavin from Goldman Please go Parsons comes question ahead. next of Our Sachs.

Gavin Parsons

Hey, thanks, morning. good

John Mengucci

Gavin. morning, Good

Gavin Parsons

if we term. margins possibility longer I think impact, at any now, on years two we mean, color look the is hit all some I about and the but a immediate you or that from on because there's COVID-XX there delayed missed the Appreciate book might lasting able margin or whether appreciate was something but thoughts have a any in still on recognition. to this it's early milestones performance not profit the and process, weren't recognition? you on impact

John Mengucci

Yes, look get thanks. trying XX from myself I'm Look. actually to out to Gavin, Yes. months now.

give appropriate me that we that, promise have will little and a mean, that Let clearly. customers you REAs. I margins. the hit answer, short are no. to to more Where fulsome we'll COVID, for The answer submit is I I scheduled delays due allowing

So different submit funding. are we REAs. program cost and When customer we'll a up as story approved, to little will government new with At time. based we'll have going day, on the And that - of It's REAs come telling schedule well. beginning is those is business every period of of the COVID what ever-existent folks from I've not is been a mindset. a is completely something the end person's

we how different although normalcy different be out come get is how work, worked work, and that there, where normalcy will back, we will we we So, on.

would've adverted didn't possible for that I there's my even frame, space. folks out. work-" I own the just there us You out some about "No." folks in March facility time "Is even who, to was tele-working, company. but lot in asking we my of question it get thought

much how we have. we've the technology all So, will that with do can just now be recognized think I

than better at ever-increasing addressable and As margins. to the going look line committed bottom have you been market margins we growing forward, firmly

for Tom correctly margin. think company remarks, which not and I to been not and of we side net during the parlays were where I the COVID, have had into the prepared it would beyond on his if income, stated been delivering high rest the Tom

any impacts see I here. no, So, don't long-term

Gavin Parsons

that year, margins, maybe end year. points a target, it's That's will, it. is far next about basis mean, next talk know if I you XX XX tail long-term your just you too to margin if deliveries early product hit a as going but right, to trade growth some helpful. and that's that maybe balance the to then specific I And in year, as off Appreciate or forward, have

IR&D through, try product put If you the to think you some instead head end invest sales trade-off? that that to activity those of is that, something towards towards growth? high come How if of would about you proposal on bidding that do kind lever a of or

John Mengucci

Yes, thanks.

in answer if COVID be So, be we're my while not. would like would just it

too for too out. We early FYXX still waiting on are With customer working COVID, actually our sort to We're to directions settle really to tell. early really plan. tell. of Probably it's

Let understand us normal the new is. what

We have to We fee. we FYXX still and to hours will that have X, with a number making here. we're guidance, lot through those of assumption, invoices coming and work to the bill is not without But a X Today Act CARES need have fee. fee, submit. there going up X be

government customer are our providing looks always at front where pertains squarely and it of is how cease. going we that our As make more technology investments our not And funding. there forward, our business this to areas mission are shift going areas to investments to in the will in

steel there is more time work there, service. the you'll getting be and invest handle just We of we're box, mobility a already our at did kind and out very top unclassified XXXX, areas work. something is and But we will about. will XXXX do Can that going growth. place. their that how But any one We versus release a going overall, bottom SaaS for which different in attention. have frame be go to we additional Secure programs able that Where hear got requirements one that's we've support to more will invest not talk FYXX of in both drive secret? to we to Clearly line growth. classified to presidents haven't in February try are that us we'll Tom, more other looking in. plans isn't color? for found willing sector putting I and fit additional investment,

Tom Mutryn

Yes.

enterprise growth. - have, should for providing doing growth. focus very invest, will of and And framework various believe grow that or which us, drive margin providing expertise an growing we and we technology, "or", our need kind it's our for mission and it's expansion doable, to DNA. it's The try on provides do to you give us across we something business. both. if Gavin, of So, framework And feel in those looking is which that to you We an revenue quadrants, not we can expanding support, margin at Clearly, will, "and". that in our we simultaneously,

Gavin Parsons

the Still [ph]? to in XX XX comfortable

Tom Mutryn

Yes, sir.

Gavin Parsons

you much. Thank very

Tom Mutryn

Thanks, Yes. Gavin.

Operator

Tobey from SunTrust. Our Please ahead. go next question comes Sommer of

Jasper Bibb

recent morning. hoping you good larger Bibb for Tobey. is update ramping on in environment. company's the I on This experience Hey, Jasper could some was us awards this

Tom Mutryn

Thanks. Josh. Yes,

hiring recruitment folks. and have our of our We continued

the larger that referenced multi-year award. customs $X.X and the contracts the contract, One billion quarter we which border. I was last with of think is BEAGLE

We to absolutely in contract are all full that that going we to have fully program, and have staffed line, transition That a May. the are of means deliverables execute how that and XXX% are program of we in we're our on slated track.

and We each day. starting every have folks

there to coming We're some are to to some teleworking. our facility, are government bringing going like. out Some are and facilities, the up them speed

early those. others, if some REAs, longer going so. we'll Will we to those that up So, than that And drives that little see up. on to some program programs be ramp on sure we Absolutely to submit continue are and ramp be a others?

that talent pleased But - our that our we overall, up and we up I'm - team with line acquisition certain making ramping schedules. that are folks our for very, are, very we are

Jasper Bibb

at ask priorities this deficit federal future I And given stimulus point wanted those? associated while evolving anticipate measures of implications the you maybe how Thanks. early, and to then large spending it's

Tom Mutryn

to of at and in where sort Josh, is going spending four Yes, the I different go areas. look government

we've kind Guard things in. sort lead and we little funding or of I Army the the been bit command Act control work touched you already earlier delivering a spending, where in interoperable some there stimulus it's question that some critical National field hospitals, DHS, lot an increased and I of response think I that. and additional on We're whether I on around CARES a seeing think color gave COVID-XX

couple existing The don't If our I XXXX our of we FYXX, what defense look year so Gets year non-defense milk your a bit last funded and know, programs. last more to believe funding But could little priorities established remain coming talk sugar sort our I deal are for as year those some of look Act and a government I I of off year large healthy is look putting threats. for at to as now quarter, tea, agencies I funding, think I XX. as fiscal to of look about I had us. so through of you ever, important there. more and sort If fiscal and caps National into cloudy. at add discretionary at expect put government fiscal were in incremental in those XXXX, fiscal closing any impacts to drops at probably fully some markets we fiscal year if do any CARES going going spending, is time, we security XX, are budget are up very

become have COVID. more those actors folks bad We prevalent somehow been as have going nation's watching, and this been through actually

start I've affairs space. past security of folks, or CR, tell. you fiscal funding lack think this for to So, many will national government early year years. say, no still lack They I priorities I have of [indiscernible] the with they regular with the appropriations. been that's our many order did of the marketplace But looking suffices in been are - or we to XX see of

the Congress it a bipartisan on whether X/XX, at lot plate this financial their lot CR has was wavered. for whether support was nation has never was a within with through Whether operating we suffered of experience a We COVID-XX, security environment. COVID. have the it crisis, of it what but today under

macro terms, is care probably and I'll tell a kind we've early or large how spending, it's longer company. change of I repositioned Josh, high to of be the level that large level clear ball, you crystal deficits to but level say there, how - impacted what health that but don't you the I that, can tell have and going out higher is this Beyond

be we once. got do are should sweet much have And we on will plan. based the if two adaptable again, very it's the lucky It's didn't we CACI actually of forefront First and a to where years to very expect or we strategic we all, today involved company reposition the large, company in and and continue customer of a that. spot to three the spending do that spends would We're of right we out. and in agile very

Jasper Bibb

questions. for taking Thanks the

Operator

of go Wells Fargo. Please question comes next Edward ahead. from Our Caso

Edward Caso

then Good flow long about is. the I how What and that what REA talking Thank more The could cash lost? possibly it And how may morning. around right? the you. a takes timing Tom - take. could to time be Thank REAs, big hoping, puts is spend of much was on little the nut the side. How a you. shift

Tom Mutryn

processes in your Very some comfortable add is with the million, their we're The the to expectations. with can are would this operating pay government government much our things we payment just regards bills. of I numbers obligated with At is in good. and I to $XXX month very They point line flow. last of government a cash to our April. the Generally cash intact. April. time, be. collection pool for where Today's which expect the offices got there. it Okay, few speaking, bills. pay day

And so in. come to continues the money

terms In impacts, the some as impacts, those product of sales. timing COVID-related discussed, some related. were of some of Shift of I of

we revenue, you when flow. the associated cash we the get will when so, products, recognize the deliver And

lost. is kind of it Some of permanently

talking slower them a to a take to those government process. typically I that the terms Our expectation it adjudicated, prepare are decrements so REAs send lost That's decrements particular have we fee But reimbursable that flow. within right and and guidance while that now year. virtually US say and benefit flow and we have ranges. cash all on ranges I concern. us that every about, or a provide taxes, of item and last a those able minority now that were to end as the defer the large and mentioned we're impacts so cash to was that is employer we the and the between will company And CARES the deferral list of payroll not in would guidance that's the and so hours, per a profit reiterating calendar the of it probably Act, is

John Mengucci

Hey, Ed.

though if one as just in trying folks thing can. down up already will that, too. when as an you center, make think difficult When gone can Let closes we to networks by. weather We're in have much hours me to government has those basically delays, or envision we better. like operation time's about add It's time other operation an now, support people we just not the XXX center. provide we put invoice because that the that We can insight to

will of invoiced. kind that work So be

I'll and our delays minimal distancing. Picture have implement call their been hours. XX but can't they Now, of up work because has to most that week work That's be made COVID all people XX in hours XX there a of under is likely work we're scheduled They trying we what that ahead lab. some social a X% and can doing could shifts get to back. go hours

program every cost REA we there's for a So, REA and have, area. schedule different

incremental ability I be plus programs our Ed, would arena. on REAs of programs. cost. of they XX% to front, our say XX% submit get during the probably looking RVA have to the the the majority cost And I'd at will

Edward Caso

and in could Bradford how United that And a the happening if Kingdom, given my business. and rules other forth on on sense so Thanks. their the here, have impacting question us it's and shelter is, he give we place Greg since phone what's

John Mengucci

Yes, sure. Greg, on could that. address and you come

Greg Bradford

question use, been of then our they it down, did business to Only All and grocery and people stay improvement is I'd can, over mid-March, has gas UK the locked here no are even Government US been context, Maybe not pharmacy, stations, UK which at business. happy since dog. the pretty reacting one than ordered business the home the work to home been in day is Ed. to, for or you've has and be from the most home was same which much once [indiscernible] are exercise, open, time it. open, my that's essential to stores, about to how put all hour impacted, only what asked. coronavirus about has or and if garden out they term that's for how more come in and so stores told allowed walk a case are is

and our of As a this, we people, offices our office from all are and in Holland, XXX% of all UK our around working remotely a result employees, home. Amsterdam one nine have XXXX now in of closed virtually

So that's play here. of of kind state

terms of UK our In business…

John Mengucci

Greg. Go ahead,

Greg Bradford

into developed terms business strategy give software data It's proprietary a of can very and a one it's by XX% business at safety and services. we originally because that. government down if is us a seems and time, play sector coming we're multi-discipline, to UK XX% certainly that design. the greater mixture you one commercial. our And products In is of About have that's up have same diverse of business, a gives to UK protection commercial, and and now,. government, so our We

and business government is defense up mission-critical holding Our security are industries. well, extremely which particularly our business, national

in business out immediate our of Coronavirus, we involved holding and half unimpacted those business, are as very financial which change, sectors, And and of like is company, grocery is all utilities, but shopping they're Half the all work commercial services, of largely commercial up future. effectively today XX% well, and retail, industries pubs because which business with also our the is restaurants. centers, leisure we includes business by well about

experienced three We quarter well planned. was Coronavirus. performance above our and So, from excellent impact minimal

Our impacted challenges will just quarter I the because be of performance commercial on four the outlined side.

had great now so to sitting we and we're plan, achieve we've far, for working on still and However, full year expect our FYXX hard plans that said, down FYXX. a our and

John Mengucci

Greg, much. it. very thank you Appreciate

Operator

Our next question of Seth Please from comes Seifman ahead. go JPMorgan.

Unidentified Analyst

Ben good Hey, is for on This morning. actually Seth.

John Mengucci

Ben. Morning,

Unidentified Analyst

kind kind have touch this Things how we I on of quarters, top moving really could forward. think of last you accelerated seen. should the line was hoping about momentum we've the and couple of if

John Mengucci

Yes. by extremely and growth June. are - our in put plan we last Thanks, we proud by Ben. that Yes, FYXX the the

to to stay this will remember I X.X% year we and seven Tom of started sec shared, We're currently growth organic when right. around growth per X numbers expected north the in We our level X on if to we things should path stay double that general those believe, rate. to of Ben.

we environment, that the for well this marker being now COVID that at portion of have, growth We're staff are what continue set there so organic serving. then through would to rates far rates our information those the as growth the we're all to Given to we backlog out as expect look greater given the our growth. is markets to through book-to-bill ratios, success at able than given and addressable sort overall drive that of going our where

backlog into go and our given FYXX. are we continually believe is as We But ramped quarter-over-quarter. given positioned the we how nicely up business

Unidentified Analyst

in FYXX be Great, you to our touch on meaningful radar? And on some big or recompetes any may should can watch work thanks. then new be for that competitions

John Mengucci

fact, number, the Yes. traditionally too rate give not year. get FYXX at We're one that around good but we details come We now. recompete to on Thanks, We'll a closer planning out the as specifics least more looking Ben. that's range. a to many XX% have for fiscal with

Unidentified Analyst

Okay.

John Mengucci

Ben. Thanks,

Operator

DiPalma of Blair. Our go from William Louie next ahead. question comes Please

Louie DiPalma

Tom Dan. and Good John morning.

John Mengucci

morning. Good

Louie DiPalma

you version first you contract billion, and in would COVID-XX. Related combined. contracts, component call been quarter referenced CACI intelligence that future to targeting your the the think when to favorites cloud five opportunities you more John, to of next do that's one than systems is mobility/cloud win dominant be that service topic. providers in potentially secure CXS There that to the this community successor national a have worth of protect of $XX works. to right post the CXS for on assets market contract? has security your that the called revealed applications large share and integrator and earnings given you Amazon your timing the reports momentum CXE recent moved winning

John Mengucci

Yes. Louie, thanks.

slightly be like the COVID there being in is national how is our to intelligence is AWS needs still in different unclassified operate. contracts, in customers intelligence provides facilities at being We work five around that as could and supporting and unclassified that the still need to greater related able move look a still in past, service do check, you the my of SCIFs, to level our people being that there just industry manner. teleworking great as can work moved those system a in we as Microsoft easily us the call to to as what security out be continue to you cloud that have done mobility. the applications of work actually in but with one It's the larger partners to to in business of the there to apps where than done is look true. comments or more what There true facts somebody's and done us what done classified So, do That plans potentially tell and Today, well. But really like is go facilities we that scale, would have in others at those way not it we we But Azure our is on being and secure we cloud-based space solution. customers one a statement support It were networks, done of I true. companies the combined. we've a we I need next and things that's done. and you not

last gaps bank my certain them the we solutions a there lot Clearly, out us that my have network, government's to connect of in I my connection, local I I'm and of If in the are we absolutely have protecting. to network. lot and to make That's a corporate that connection the home X implemented weeks. bank's bunch we've allow that. of A do to a network,

say that we're how so how what the next services we take swan as this nation. to make other, and more can't topology, we event, using each government be do back temporary network we Tom we kind socially continue around where today do black we likes of near as permanent mission when delivering come protecting and how that So of to the a

much so work make more a see are of more a and my it's broader how we going. So, specific tomorrow. today much we comments not contract we're repeatable working where how the about All that of portion how we do around use

Louie DiPalma

Sounds good. Thanks, John.

John Mengucci

Louie. Thanks, Yes.

Operator

ahead. of The question Josh Sullivan from next Our Benchmark Please go Company. comes

Josh Sullivan

morning. Good

current maybe have or technology on to a better to seeing who have technology the last hiring you contracts you environment. you help Just backlog nice access personnel some got you've better have access question the of environment migrated you mentioned Does not world? are otherwise some the to? the year. might staff You here Do those some those access that over commercial wins of

John Mengucci

other out would where employees Tom employee been we do reality ourselves understand couple about and times Josh. them and better. have do doing. and COVID-XX, I the workforces drawing calls. what where to general more many, have only reasons there. we idea how we in the One, are we an other Thanks folks We've from need technology corporations Yes. surveying and year allowing survey say, but XX,XXX against we're that we talked I and of leaders can is side. every to senior we there. A commercial without pre-COVID, tech you What score on exactly many to do we high from these are tell comes an

benefits, the side the the tech to go be So folks to traditionally who right we right put they experience. had the right to high that environment, able in working kind to working draw challenging have believe of commercial place will that

and top on this on to unemployment, people classified claiming of base who in cleared that hold levels, away become that to that we to those were where making work. up and had there. continue are look do is So, majority to ships. nation, all frankly this all because we we to of slow. our foresight If of We've an tough progress, in these great area the that some secret ability pick the the employees folks on have take - regard, leaders person's for federal responses It's of them at to turn COVID, fact albeit government of the

security was a So, switch? term is natural Is there realm? the security job Yes. there term, near that better No. in for to reason close in somebody the sustainable perhaps

percentage enterprise looking more a digital the end engineers at and be jobs are day, signal and that to largest software the bring that processor company But add, we your that we as risen in have and and we've has I'd we're had, well. short incoming type and of middle interns coming engineers the to of those the you of hires technology all the all more going are class intern XXX college this. of That's also in and jobs winning the mission part the of just are in of.

technology the different would employee some to is we of portend components, are providing drawing that type and adding our expertise, also to large still major doing wins we're So of a very but potential that fact us.

Josh Sullivan

appreciate Are the that reduced incumbent? there conversation. preference one or recompete the that. the you any increased some of be just do Just And resources incumbent seeing then on preference for contracts. think time you evaluate any for I contractor? any customers the there'll given - to Is

John Mengucci

I business that recompeting, Yes, right? that hopeful going may I'm those we extensions hoping all see going COVID. work, that to mean the be for short-term doesn't just to that not and it. the COVID, those we I'm we're some companies that no. when all the And hold and for minimize it's jobs of be usual. Seriously have of But I'm all churn most of come But out of like. contracts to the on work, for it as part, speaking, awards amount

So Tom. don't greatly. from I I sit, that changing where see

Tom Mutryn

Yes.

contract are provides of that I to government a required their determination awarded the which to kind of deviate of follow think and from contracts the to have other impartial factor how there's acquisition - determination. an federal impartial is regulations, suggest is government the the nothing kind that mandate will

Josh Sullivan

it. Got

Okay. you. Thank I appreciate.

John Mengucci

Thank Yes, you. you bet.

Operator

Konrad comes next ahead. Greg Our of go question Jefferies. from Please

Greg Konrad

question. Hi, bit last I a the on just follow up good morning. wanted little to

in task with maybe seeing Factory. of How I that opportunities the Solution think you got a involved that? What of that to expect and big is you type order how kind November, the Agile are grow? you opportunity

John Mengucci

a lot, Yes, Yes. thank you. Thanks Greg.

relatively is which ability and hundred dollars National the out back. more to area. couple grow this growing that is border it four set It's $X.X or a win well in large work in a a it we built is Solution full US that a and anything following Ashburn. known Agile The to We or five when having perform the is up BEATLE So, that customs year to Factory, the billion, that award located Army we us as somewhere Guard than five rate. else. year a that investment six years get made Roughly program and million concept run that's to

take So a let to that. explain me minute

X we facility a a If build you a to There's you against "factory" believe way do well-established can there is cars. and versus Think development software one putting months. releases type get calling about cars. customers eight building number software picture or about year a seven one think waterfall iPhone with agile word system [indiscernible] and way each production versus downloads agile, the operating year. it every What how well-established environment, different of per or can your

have of looked majority the lot of procedures. a the Defense that the University in, classes. We training. teach processes, NDU teaching classes of as lot benchmark We're We the the a that coming for National and

So it's a repeatable factory.

running changing, tie we're era earlier doing government us more and "Instead of that up opens United need our what balance agile we to engineering It to way. of effective to cost attract have allows say, talk our how customers towards help RFP, at a question new running, States run CACI. the program continually the it us now development to tell us National and software it whole that we the the a out staff, are other Guard a traditional and better software program more looking then question, and work requirements because do and the to BEAGLE and them So to them that's and allows if So and factory." more move measuring what we'll we about through Army built applications you is, go well

win well. a customers a as us. it's our So, for It's win for

Greg Konrad

to slips the despite we margin happening on follow-up for of just higher we of points baseline of XX% XX just program for XX you year about think then at the you And What's to deliveries. the when fiscal exit basis EBITDA about and and you. how Thank QX a think some kind rate expansion. then looks in it but year, should XX to like margins, a still year pointed

Tom Mutryn

Okay. Yes.

to we'll focus those. [ph], margins of terms improving in continue on So,

As in John the said, talk of it's we're a bit as specifically to in midst about FYXX premature planning the process.

COVID the to margin. expected our of kind impacted have of XX%. we EBITDA it some expect quarter being certainly fourth be But activities of said, that north And

we do are trying suggest the just would where set you the to numbers. get you full year If arithmetic, to that of

a positive whole a factors. expansion by So, is host momentum, margin of of that lot driven

right kind mix, and the products product our Focusing types on the higher direct margin, getting controlling mission costs, versus self-performing into of of performing award programs, labor, subcontractors, indirect like. introducing labor high fees, technology direct

comfortable been And we've with so, margin those we're of kind that trends discussing.

Greg Konrad

you. Thank

Operator

question next Marianne from Our [ph] ahead. comes Bank of Please America. of go

Unidentified Analyst

morning. Good

details. the COVID-XX and question you ultimately of RFP and my So, seeing is, you interested please to to you or contracts a explore very Coronavirus lot related if demand services? customer mentioned ones lately expected the much. the maintain for And are active show incremental you to RSPs an they Thank Could work an IT are you discuss efforts environment. are

John Mengucci

Okay. Marianne, thank you.

decisions. and So, let me award today. We're start with awards still contract where RFPs seeing see we running. Government's

to prepared adjust we We're to as always virtual I've book-to-bill, operating our Several my pleased still as presentations our strong are remarks, lumpy, said I so X.X customers award bids, XX-month that coming include awards with very out. times. are new performance. We very environment. our during mentioned going trailing are RFPs seeing and at this

And we'll early happy finish I'd very track and with this are third we on where in point, in fourth also exceed share much overall even did at very we that the year. quarter our this to quarter, what

to side be see no the where we our and mission is built RFPs. technology in What technology we'll would and the in been has up forward we expertise allow address to very will have capabilities and the new done and able offerings, as those past. very is for our and you'll expertise change of of RFPs bottom I balanced seeing we're more right than go There on line. as a of it provide we on RFPs our between business at fundamentals clearly RFPs win much to we and will some we business. As RFPs, area, are that. breakout blend top new to us looking But change both RFPs, as don't try and have any current focused that continue really grow like. that technology the We - information mix do of in mission

Unidentified Analyst

that technology the bids there are are on any levered you is And you currently? particular focused on are particularly have submitted up

John Mengucci

to is, and over that and successful and quite in kind have in can really do the been have XX or how of those to I anything field don't level prosecute in understand they we to anything in of that tell responding that signals cyber customers those counter, our is I around those have in detect missions longer-term you enemy geo-locate are detail. and focus Yes. to mobility where signals general, last warfare, do XX electronic out months. folks RFPs secure counter the the their been UAS, and the allows and

Unidentified Analyst

one to And post-Coronavirus improvement? competitive appetite the thanks. the also environment provider the current get you Okay, last IT environment. on Can services and from discuss competitive defense non-traditional

John Mengucci

of I either RFPs those how that under market. COVID, exiting are we changes time, Yes. whatsoever entering this and haven't respond Under any seen this folks to or period

Tom Mutryn

and solutions is have proposals providers structures, we and status we're quo of there environment, I agree in of making of ourselves change with industries, level certain we've we technical sure to trying of have number share XX-month this robust. of in making expected is like on of A environment. after. trailing a kind believe kind competitive of sure well-respected going all But we that amount a differentiate of in much of high work fronts, a competitive if The kind book-to-bill very competitive lot our winning disproportionate very a is no rate. environment. cost work, space giving most We're hence that been the our strong the

Unidentified Analyst

very much. thank you Well,

John Mengucci

Thank you.

Operator

von Rumohr question Company. next & Cowen from Cai of Please ahead. comes Our go

Cai von Rumohr

Thank you very much.

UK? negative starting given in looking impact suggested And a mix results margin here and March, impact COVID given So, as million, the particularly the expect the that as why should XXX%? what forward, high which XX second, Bradford on of bigger was it fourth million to really Greg decremental cost-plus the was we COVID X or is started quarter, revenue, for in ahead your

Tom Mutryn

lost the related COVID point recovery not to CARES any just although our terms close plus. do cost was per but was TNN work, with again time the the results the Act third time, the the We revenue third Act the quarter labor-based happened when we cost of of in at in rules. of So, passed, what the And we in quarter margin that lost our structure. CARES reflect we GAAP that maintained labor-based because work, impact, books associated our in

for intact, directly P&L, of lost structure cost relatively So, through those incremental flows kind revenue losing that such being hours. margin the was it high the with

product different. quarter a are CARES which into impact on spoke, slightly the the phenomena margin on Act are is impactful temporary, shift There move As major we margins sales, lost basis. is fees the are some in which we the recovery fourth less about but which higher those hours,

Cai von Rumohr

So it is more or the the fourth quarter? net impact less in

Tom Mutryn

that XX I Let provided a million - notes year, the quarter, in is So, implied the in so approximately for I net quarter impact, information. me into income impact fourth fourth the think fourth million Revenue quarter provided are. discussed. we we in fully and - the here. that incorporated numbers think bit in revenue I it's what get my XX full the the the Greg's numbers $XX is million

John Mengucci

I would the kind to noise also Cai, add, guess, thing. signal I versus Yes. a of back

our confidence in bring to us settles we we're the problem I that at that to on Act in where facilities we have runs look and allow dust the this ability, out get shows more are when the think the back of some the sort and pivot like this of we when to - we current the - we're to environment guidance problem, COVID in folks we're - how frankly, reiteration relay this phase able is that and of work, course. our will and to CARES its

we're believe can. and So, we me, doing everything

data bring comms clearly, back? have access at They do folks want to bring do the been directors in they folks those at don't access intelligence need of agencies bring the need looking back secure how is slowly that to we links, all today. how I've with back, secure folks we a safe and working we that deputy and the directors, very manner Looking to

Cai von Rumohr

run rate expect BEAGLE Thank you you. When do [ph]? to hit Last one. on your

John Mengucci

transition estimate Towards what end some while at Well, is - our finished we early the so Cai, end now. XX, of of May, point is best during

Cai von Rumohr

you. Thank

John Mengucci

You bet.

Operator

comes Our Citi. go from of Raviv ahead. Jon Please next question

Jon Raviv

I have to and it question's credit. Good we to But for I say, morning, here. Hey, really wonderful you. it time. appreciate your way the for because my really this might from hear to Greg thanks I'll keep John, time over And we're was just know one hearing

for this pivot to see the are. how around to you pivot where tend thought-through preparing say, years years John, made pivot these priorities what couple times and - your you for guys and building generally pivot industry Just over X/XX a I of one by you think, you've do last years? previous as you five next do, the towards answer, have potential pivot direction. this an on a Where generally very adjacent been your you the the the been way, what you next, several mentioned has industry during does are done of company national

Tom Mutryn

- phases. in few mentioned thanks. we see are earlier, I a of sort I think where We're I different John, Yes

getting the to to I can QX you, first the normal. working steps and our be Let of me temporary. We're to then short more what with QX And towards little tactical all on short going I XX, employees a remain term, Look, be the a that's ours customers all going and focused forward. continue strategic and bringing new to tell little be over and next. key is bill term and from going FY call of back hours have fully impact those this current shift labs the having and with are one Act and well. an we SCIF, step - with people to - and levels a is and work centers, fee reducing Opening recoverable CARES going believe and Generate against layouts, XXX because protecting facility SCIFs we're operator staffing major

is As turn response nation's going to going we months, XX into to X to more are the continue the impact believe to and lessen. more I get opportunities.

pivoting plays was wise, our a So COVID-XX manner to that and of is underneath being I we back we perform a normal. use kind really years to pivot? to the we put to could about think from our work so the pivot how separated, be look three What for much able the four of the investments of we strength term network last be work multiple in able that we in space That areas. today the to cities, the require today. more at we me we clearly into some place hire Corporation how answer how IT and to of we also opportunity find around excites new do large in pivot. in should there that in network most was do the recruit do ourselves don't put that are we go kind segregated different next we that would and plan in configuration how previous us the of

kinds is the regions is believe they those the through the and there even out that not world another around military provides. specifically, today, COVID of need more a will solutions while needs this side have I today, there, growth that out nation have US CACI areas expertise exercising technology there's going in indicator that we that some of major different security go capability countries will from from national away. been do action that actions So

period when informed and always bipartisan trillions a Thirdly, press beyond been have our how are the your time understand of where three to well and focus will the in does protect domestic to was that believe federal I year question, at I to X business leaders future, I'm which for there intelligence demand is that a are the ways budgeting understanding cycle dollars but budgets the five Act, up move frankly a nation. be deficit more this believe even change. that don't you by of and of in we where today,

on and placed implications us. the national is of virus COVID at impact, a that was security This look

well advantage of of and take mergers the acquisitions to more there that Mike And I those. and is positioned very areas opportunities in a to pivot and the we only capabilities growth where the to after I doing I of can have fill gaps wide quickly [indiscernible]. track and course strong of are those go space think go for our faster believe I that record company to new is is CACI my them that space areas kind number additional of there right out believe that going we there. of which didn't believe grow even or quickly in

Jon Raviv

for you. much answered. Thank very you Thank Extensive that.

John Mengucci

Jon. Thanks,

Operator

question-and-answer our conference to concludes remarks. over Mengucci I This any like the would turn for John back closing session. to

John Mengucci

today's thank call. Andrea, help and Thanks, on for your you

concludes their questions. Dan have and for best Tom Thank Board We many, Before our many, take today's to close, a Please who Price to all a Leckburg stay would my follow-up and him everyone dialed This to like after we and the many thank families. George birthday webcast call. the years. your listen and Chairman participation. I the Executive in wish a and happy day. Chairman all you, are great We you for will know or have Mutryn, call. to that of guidance support you and moment to across very available healthy thank his of and would our like many

Operator

you disconnect. concluded. now now attending today's The presentation Thank may conference has for you and

CACI International (CACI) 30 Apr 202020 Q3 Earnings call transcript