Booz Allen Hamilton Holding Corp. (BAH) reported that its second-quarter net income decreased to $46.1 million from $75.3 million in the prior year period. Earnings per share for the quarter was $0.27, compared with $0.53 in the prior year quarter.
Earnings in the prior year period at both the aggregate and per-share level reflected a substantial increase attributable to the release of a significant income tax reserve and the realization of a gain from the sale of Booz Allen's state and local transportation business in the quarter ending September 30, 2011.
Additionally, the latest-quarter included one-time charges associated with the July 2012 refinancing transaction.
Adjusted net income for the quarter increased to $55.7 million from $50.6 million in the prior year period. Adjusted Earnings per Share was $0.39 for the current quarter, compared with $0.36 in the prior year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
The company authorized and declared a regular quarterly cash dividend of $0.09 per share, payable on November 30, 2012, to stockholders of record on November 13, 2012.
Revenue in the second quarter of fiscal 2013 was $1.39 billion, compared with $1.43 billion in the prior year period, a decrease of 2.9 percent. The decline in revenue was primarily due to a reduction in billable expenses and a lower ratio of indirect costs to direct labor compared with the prior year period. Eight analysts had consensus revenue estimate of $1.40 billion for the quarter.
The company expects revenue growth to remain flat for the second half of Booz Allen's fiscal 2013. At the bottom line, the company reaffirmed its previous guidance and forecast EPS to be in the range of $1.40 to $1.50, and Adjusted earnings on the order of $1.60 to $1.70 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.