CACI International Inc at Barclays Industrial Select Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: David Strauss - Barclays Bank - Analyst : How are you? I mean, the market's obviously telling us one thing, but how are you thinking about potential opportunities and then the downside risks? Yeah.

Question: David Strauss - Barclays Bank - Analyst : So you touch on a little bit on the budget process, typical CR 4 to 12 months. I mean this time seems even more screwed up than usual. We don't really know what's going to happen with the 25-budget reconciliation bill, when we're going to get a '26, but I mean. Any kind of high-level thoughts based on all your experience, how this could actually play out. I mean, one day we're hearing about $100 billion plus extra on the defense and next day we hear the defense budget's going to get cut by 50%.

Question: David Strauss - Barclays Bank - Analyst : Yeah, I wanted to get to that. So, Jeff, I mean you guys got a high single digital revenue growth. I think it's higher this year with the acquired revenues and then it kind of, still mid single digit beyond. So high level what is the budget framework that and then some big program wins that you've had, how much more, spectral NSA, I mean how much more do they still have to kind of ramp over the course of the, how much of a tailwind are those over the next several years?

Question: David Strauss - Barclays Bank - Analyst : Yeah, you've talked about it's part of that. I mean you've got cash flow growing, I think double digit, but I think. I remember this specifically last year. You really are focused on free cash flow. The time of free cash flow per share growth grows obviously in excess once you start considering that capital deployment.

Question: David Strauss - Barclays Bank - Analyst : Okay, so on the, you touched on margins, the margins got an uplift from Azure, higher Azure brought higher margins, so. I mean, you're pretty much at, mid-team, mid 11 now. I mean, you've got enough, I think first half a little lower. I mean, what is the, I mean, great margins relative to your peers. I mean, how do you think about the opportunity with some of these big programs kind of maturing the opportunity for margins to even step up a little bit?

Question: David Strauss - Barclays Bank - Analyst : And Jeff on the micro side on the margin side, so if I recall correctly, Q2 was a little bit better than you would have thought. Q3 is supposed to step down a little and then Q4 is supposed to recover. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 19, 2025 / 2:50PM, CACI.N - CACI International Inc at Barclays Industrial Select Conference

Question: David Strauss - Barclays Bank - Analyst : So how you know the recent deals that you've done Azure and applied insight, how are they performing relative? I mean, what is the technology they brought? What was additive and how are they performing relative to your, I mean, it's early, I get it, but how are they performing relative to your.

Question: David Strauss - Barclays Bank - Analyst : Can you talk about your need to hire and given all the uncertainty that's out there. Maybe you, we've seen one of your peers who Hires pretty aggressively kind of pull at least hourly pull back on hiring. How are you thinking about your hiring needs and, kind of the pool of candidates that are out there that, your ability to hire and you want to hire.

Question: David Strauss - Barclays Bank - Analyst : What about? How much is kind of in the book already.

Question: David Strauss - Barclays Bank - Analyst : Okay, a couple other things I want to ask, but I want to make sure I get. To, capital deployment and you know where your stock prices and, so you've historically been a very inquisitive company. You've done your repo, but if, certainly tilted more towards M&A. You've done a bunch of M&A balance sheets I think a little bit more leverage than where you typically want to sit. You talked about restarting open market repurchases, so. How are you kind of thinking, given what the stock price is, your leverages, how to kind of are you thinking about that? You answered your question.

Question: David Strauss - Barclays Bank - Analyst : I'm just throwing it all out there, see what you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 19, 2025 / 2:50PM, CACI.N - CACI International Inc at Barclays Industrial Select Conference

Question: David Strauss - Barclays Bank - Analyst : A Let's get to the audience participation questions if we could. There's one more I want to ask if we have time, but let's get this for sure. Okay. Did everyone answer? Never seen that before, but okay.

Question: David Strauss - Barclays Bank - Analyst : Provide here.

Question: David Strauss - Barclays Bank - Analyst : No.

Question: David Strauss - Barclays Bank - Analyst : And next question please, might be 3 or 4 people.

Question: David Strauss - Barclays Bank - Analyst : Froze it. Here we go. Okay, four times levered maybe.

Question: David Strauss - Barclays Bank - Analyst : No, that's fine. We, we'll consider that a bad info, next one. Maybe on Ebi not right.

Question: David Strauss - Barclays Bank - Analyst : John, Jeff, I appreciate the time. Always good having you. Thank you. I appreciate it.