CACI International Inc at JPMorgan Industrials Conference Transcript

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

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Yes. That's actually all super helpful and some really good detail. Just we won't spend a lot of time kicking out about codes and stuff like that. But when the stuff you're talking about that was sort of subject to review, is that things like Oasis and stuff like that, that comes under GSA?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Right. Okay. Okay. We think regardless of what the specific targets of DOGE are, it seems like a time where there's a fair amount of dislocation in Washington. And when we think about your customers, in the government who may be very distracted at this time with what's going on in their offices and their own jobs and futures. How do we think about the order environment since the inauguration? And also within that, not only what the customer is doing, but are there things that maybe you are not pursuing now because it's a different environment and maybe it's not the best place to be, and so best not to bid?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Absolutely, absolutely. Just in terms of some of the recent news we've seen continuing resolution, we'll see what happens over the next few days. And it's a little bit different for you guys given the June fiscal year, but this kind of CR that would extend to September with it looks like some latitude to pursue new starts. How would that affect your outlook for this fiscal year? And then as you think about the way that you'll have to start off thinking about fiscal '26 if that were to be in place.

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : When you say million, you mean billion, right?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Right. Right. That's good to know. And then I think maybe the other thing that's been in the headlines recently, Ukraine and to the extent that there is an end to support to Ukraine or a seize fire there. Maybe just it's something that I think naturally comes to people's mind for any contractor to DoD, how does that affect your outlook?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Right. Okay.

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Yeah, that was something I was going to ask as well. Before we get to that, though, I want to -- let's -- a question for Jason. Maybe as CTO, if you could talk about some of the things that distinguish the CACI and some of the ways -- I think there is -- I mean, there's a few things we'll talk about in terms of photonics and stuff like that. But just at a higher level, how do you think about the things that you guys do as CTO that distinguishes CACI?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Excellent. I mean maybe -- is there maybe maybe is there maybe a good example we think about in terms of how you guys do that?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Excellent. And then Jeff, when you think about the return on investment that you get from bringing these commercial practices in, bringing them to the government customer, getting -- earning a return on that. How do you think about that?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Absolutely. It's interesting you bring that up because you talk about agile software development and we think about -- I mean, I think -- not always clear on what -- do is attempting to do, and I think there maybe are several things that they're attempting to do. But one of them, it sounds like, is to bring some of the technology and best practices in the commercial sector into the government. It sounds like that's something that CACI is kind of doing already. Has there been any consultation with them in terms of taking the stuff that you do and applying it more broadly?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Excellent. Maybe I'll take a quick pause here, just look out at the audience, see if there's anyone who wants to ask a question. But okay. So we'll keep going here. I guess maybe, Jason, just kind of continuing in your world, something that's relevant for the company. And then I think also a little bit more relevant across the space of defense companies that a lot of us look at is the PWSA and the space development agency. Can you tell us a little bit about Photonics, what CACI does with those satellites and what the path forward is? And I ask because there's been some news recently. I think there was a GAO report earlier this month talking about this topic, but I'll -- you probably explain it way better than me, so I'll let you go ahead.

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Right. And so we should think about that assuming that the various tranches are going to get built out and we'll see hundreds of satellites out there for communications and missile warning. How do -- should we think about CACI having a role in -- and there are several contractors involved in this, each building anywhere from a dozen or several dozen satellites so far. Should we think that CACI has a role on all of those satellites?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Okay. Another topic I wanted to talk about was counter UAS since that's something that both -- I think when we read the news about the war in Ukraine and the importance of drones and therefore, of countering drones. And then when we also read a lot about various start-up companies here in the United States, and the capabilities that they're attempting to bring to market. A lot of that seems to center around counter UAS? How do you view the CACI role in that mission?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : And is that a place where you see -- I imagine but is that a place where you see several winners in terms of -- I mean, I'm sure on some level, scale is important, but is it a place where whether it's different agencies, different services are going to be procuring lots of different systems or a place where we'll see end up seeing these many players get concentrated down to a few? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 12, 2025 / 6:25PM, CACI.N - CACI International Inc at JPMorgan Industrials Conference

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Excellent. We're inside of three minutes. So let's take a look in the room again, see if there's any questions. We've got one and one here, too. Unidentified Participant Just wondering, given the action in your shares, have you thought about taking action on a share repurchase or similar?

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Okay. And well, that was good at got me. You crossed off one of my questions. Unidentified Participant And I appreciate you outlining what you're seeing and not trying to minimize what's happening. But maybe just speak to what would be Plan B if there are cuts coming that appear that you don't visualize today, but that do happen? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 12, 2025 / 6:25PM, CACI.N - CACI International Inc at JPMorgan Industrials Conference

Question: Seth Seifman - JPMorgan Chase & Co - Analyst : Excellent. And with that, we are out of time. So Jeff, Jason, thanks very much for being here. Appreciate it.