Booz Allen Hamilton (NYSE: BAH) reported Q2 EPS of $0.68, $0.08 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.64 billion.

• Revenue: $1.61 billion, an increase of 4.6 percent.
• Revenue, Excluding Billable Expenses:1 $1.14 billion, an increase of 7.2 percent.
• Operating Income: $143.8 million, an increase of 8.2 percent; and Adjusted Operating Income:1 $147.4 million, an increase of 10.9 percent.
• Net Income: $92.7 million, an increase of 25.9 percent; and Adjusted Net Income:1 $97.4 million, an increase of 31.5 percent.
• EBITDA: $160.2 million, an increase of 7.5 percent; and Adjusted EBITDA:1 $163.8 million, an increase of 10.0 percent.
• Diluted EPS and Adjusted Diluted EPS:1 $0.64 and $0.68, respectively, up from $0.49 and $0.50, respectively.

“We are succeeding in the market because clients see the value we bring to their missions through a unique combination of mission knowledge, consulting heritage, innovation, and technology,” said Horacio Rozanski, president and CEO. “On the strength of this differentiation, we have delivered excellent financial results for the first half of the year, and are very pleased to exceed expectations and increase FY19 ADEPS guidance.”

GUIDANCE:

Booz Allen Hamilton sees FY2019 EPS of $2.55-$2.65, versus the consensus of $2.50.

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