CACI adjusted EPS rises 11.8%, Crown Castle raises annual outlook
Key Facts
CACI said on October 21 that adjusted diluted earnings per share rose to $7.66 in the first quarter of its fiscal year 2027, up 11.8% year on year, and raised its full-year outlook. Revenue totaled about $2.5 billion, up 8.2% from the corresponding period of the previous fiscal year, according to the earnings statement. Organic revenue growth was 2.1% during the quarter, compared with the reported total growth rate. On a GAAP basis, net income rose to $130.4 million from $124.8 million a year earlier. That represented annual growth of 4.5%, slower than growth in adjusted earnings per share and revenue. Earnings before interest, taxes, depreciation and amortization totaled $328.8 million during the period. The EBITDA margin was 13.3%, according to the company's disclosure of results for the start of its fiscal year.
On CACI's liquidity, free cash flow totaled $133.5 million during the fiscal first quarter, according to the company's statement. CACI attributed the decline in operating cash flow, excluding its receivables purchase program, primarily to "higher working capital." Contract awards totaled $4.8 billion during the same period. The company reported a rounded book-to-bill ratio of 2.0 times. New business accounted for about 61% of total contract awards during the quarter, according to the disclosure. Funded backlog rose 14.8% year on year as of September 30, 2026. The increase in funded backlog coincided with revenue and earnings growth at the start of the fiscal year.
In Crown Castle's third-quarter 2026 results, net income fell to $283 million from $323 million in the corresponding period of 2025, according to the company's disclosure. Adjusted funds from operations per share, however, rose to $1.24 from $1.12 a year earlier. The annual increase in this metric was $0.12 per share, or about 11%, according to the results table. Site rental revenue fell to $966 million from $1,012 million in the comparable quarter. Rental revenue declined by $46 million, or about 5% year on year. The company said the termination of DISH contracts reduced site rental revenue by $61 million during the quarter. Revenue was also affected by $5 million in Sprint contract cancellations during the same period.
Crown Castle attributed the improvement in adjusted funds from operations per share to "lower interest expense and fewer common shares outstanding," following the use of proceeds from the sale of its fiber and small cell businesses. The divestiture of the two businesses was completed on May 1, 2026, according to the company's disclosure. EQT acquired the small cell business as part of the transaction. The fiber solutions business went to Zayo in the other part of the sale. On capital returned to shareholders, Crown Castle paid cash dividends of $1.0625 per common share during the quarter, unchanged from the corresponding period a year earlier.
For the remainder of fiscal year 2027, CACI raised its revenue guidance range to between $10,700 million and $10,900 million. It also raised its adjusted diluted earnings per share guidance range to between $33.18 and $34.08. Its previous guidance for this metric ranged from $32.96 to $33.86 per share, according to the earnings statement. Crown Castle, meanwhile, raised the midpoint of its 2026 adjusted funds from operations per share guidance to $4.60 from $4.59, an increase of $0.01. The new level exceeds the previous year's result of $4.36 per share by about 6%, according to the company's estimates. CACI scheduled its earnings conference call for the morning of October 22, 2026, at 8:00 U.S. Eastern time. The call includes a question-and-answer session with management, according to the company's announcement to investors.