RESTON, Va. - CACI International Inc (NYSE: CACI), a company known for its work in national security and technology, has announced the election of Charles L. Szews to its Board of Directors. Szews, who brings a wealth of experience from his tenure in various leadership roles, including as CEO of Oshkosh (NYSE:OSK) Corporation, will serve as an independent director.
Szews's appointment is effective immediately, according to the company's statement. Mike Daniels, CACI's Chairman of the Board, expressed confidence in Szews's ability to contribute to the company's growth, particularly in the spectrum superiority market, due to his extensive background in manufacturing, technology, and strategic operations.
Prior to joining CACI's board, Szews held several executive positions at Oshkosh Corporation, a firm specializing in specialty vehicles and vehicle bodies. His roles at Oshkosh spanned from vice president and chief financial officer to CEO before his retirement at the end of 2015. Szews's career also includes executive roles at Fort Howard Corporation and over a decade as an auditor with Ernst & Young.
In addition to his new role at CACI, Szews serves on the boards of Commercial Metals Company (NYSE:CMC) and Group 1 Automotive (NYSE:GPI), Inc. He is a graduate of the University of Wisconsin, holding a bachelor's degree.
CACI International, which employs approximately 24,000 people, is recognized for delivering expertise and technology to address challenges in national security. The company is listed on the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index.
The information regarding Szews's election to the board is based on a press release statement from CACI International. The company cautions that some statements made do not address historical facts and may be forward-looking, subject to factors that could cause actual results to differ from anticipated results. CACI advises reliance on historical fact and the risk factors outlined in its Annual Report and SEC filings when considering forward-looking statements.
In other recent news, CACI International has been making significant strides in its operations and strategic decisions. The company recently expanded its board with the addition of Scott C. Morrison, an experienced finance professional. CACI has also been awarded several substantial contracts, including an $805 million task order for engineering support to the U.S. Navy's NavalX Office, a $314 million task order for the Naval Undersea Warfare Center, and a $273 million task order to provide intelligence support to the United States Central Command.
In terms of acquisitions, the company completed the purchase of Applied Insight, a specialist in cloud migration and transformation services, and announced plans to acquire Azure Summit Technology in a $1.275 billion transaction. These acquisitions are aimed at enhancing CACI's technological capabilities and market presence.
On the financial front, CACI reported a 20% increase in Q4 revenue and a 14% rise for the full fiscal year. For fiscal year 2025, the company projects a revenue growth of 6% to 8.5%, with revenue estimated to be between $7.9 billion and $8.1 billion, and adjusted net income projected between $505 million and $525 million.
Analysts from BofA Securities, TD Cowen, and Baird have expressed confidence in CACI's strategic decisions and financial stability. BofA Securities raised its price target for CACI, TD Cowen reiterated a Buy rating, and Baird maintained a Buy rating. These are some of the recent developments in CACI International's operations.
InvestingPro Insights
CACI International's recent appointment of Charles L. Szews to its Board of Directors comes at a time when the company is experiencing significant growth and financial strength. According to InvestingPro data, CACI's revenue growth stands at an impressive 14.28% for the last twelve months, with quarterly revenue growth reaching 19.68% in Q4 2024. This robust growth aligns with the company's strategic focus on expanding its presence in the national security and technology sectors.
The company's strong financial performance is further reflected in its market valuation, with a market capitalization of $11.9 billion. CACI's stock has shown remarkable momentum, with a 62.44% price total return over the past year and a substantial 64.05% return year-to-date. These figures underscore the market's positive reception of CACI's business strategy and execution.
InvestingPro Tips highlight that CACI operates with a moderate level of debt and has been profitable over the last twelve months, indicating a solid financial foundation. The company's stock is currently trading near its 52-week high, which could be seen as a vote of confidence in its recent strategic decisions, including the appointment of Szews to the board.
It's worth noting that CACI does not pay a dividend to shareholders, suggesting that the company may be reinvesting its profits to fuel further growth and innovation in its core business areas. This approach aligns with the company's focus on expanding its capabilities in national security and technology solutions.
For investors seeking a deeper understanding of CACI's financial health and future prospects, InvestingPro offers 12 additional tips, providing a comprehensive analysis of the company's position in the market.
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