ARLINGTON, Va.–(Enterprise WIRE)–Mar 11, 2021–
CACI Worldwide Inc ( NYSE: CACI ), a primary service provider of knowledge and engineering to authorities enterprise and mission shoppers, introduced now that its Board of Directors has accepted a $500 million accelerated share repurchase (ASR) method. This reflects CACI’s assurance in making solid long term funds flow, allowing for the firm to generate shareholder benefit beneath various company dynamics and market ailments by means of mergers and acquisitions, interior investments, share repurchases, and other money deployment measures.
John Mengucci, CACI’s President and CEO, stated, “CACI is a potent company with a history of substantial price development and vivid long run potential clients. We have strategically aligned with significant countrywide protection and modernization priorities, designed and acquired differentiated technological know-how abilities, and drastically amplified earnings, revenue, and hard cash flow. As a consequence, we are self-confident we have the monetary strength, resiliency, and offered liquidity to proceed investing in foreseeable future natural and acquired growth, though also offering more benefit to our shareholders as a result of share repurchases, the next phase in a extra opportunistic and versatile capital deployment strategy.”
CACI intends to execute this ASR promptly and in compliance with the provisions of the Securities Exchange Act of 1934 and the applicable procedures and rules. The closing amount of shares to be repurchased under the ASR will be dependent on the average of the every day quantity-weighted normal price ranges of CACI popular inventory all through the repurchase period of time, significantly less a low cost and topic to adjustments pursuant to the phrases of the ASR agreement. The Organization anticipates that all repurchases beneath the ASR will be completed prior to the stop of the fourth quarter of calendar 12 months 2021.
CACI’s roughly 23,000 talented workers are vigilant in supplying the unique abilities and exclusive technological innovation that deal with our customers’ greatest business and mission worries. Our culture of fantastic character, innovation, and excellence drives our results and earns us recognition as a Fortune World’s Most Admired Enterprise. As a member of the Fortune 1000 Biggest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we continually produce robust shareholder price. Take a look at us at www.caci.com.
There are statements produced herein that do not deal with historic points and, consequently, could be interpreted to be ahead-seeking statements as that time period is defined in the Personal Securities Litigation Reform Act of 1995. Such statements are subject matter to possibility things that could trigger real final results to be materially diverse from expected results. These threat aspects consist of, but are not confined to, the subsequent: our reliance on U.S. federal government contracts, which features common possibility around the governing administration contract procurement system (such as bid protest, little company established asides, reduction of get the job done due to organizational conflicts of fascination, and so forth.) and termination threats sizeable delays or reductions in appropriations for our programs and broader variations in U.S. government funding and spending designs laws that amends or improvements discretionary paying out degrees or spending budget priorities, these types of as for homeland safety or to address world wide pandemics like COVID-19 lawful, regulatory, and political transform from successive presidential administrations that could consequence in economic uncertainty changes in U.S. federal companies, current agreements with other nations, international occasions, or any other occasions which might have an affect on the international overall economy, such as the influence of worldwide pandemics like COVID-19 the effects of federal government audits and assessments carried out by the Defense Agreement Audit Agency, the Defense Contract Management Company, or other governmental entities with cognizant oversight aggressive variables this kind of as pricing pressures and/or competitors to use and keep workers (specially all those with stability clearances) failure to reach agreement awards in link with re-competes for current company and/or levels of competition for new business enterprise regional and national financial problems in the United States and globally, like but not confined to: terrorist activities or war, improvements in fascination rates, forex fluctuations, important fluctuations in the fairness marketplaces, and market speculation relating to our ongoing independence our means to meet up with contractual effectiveness obligations, together with technologically complicated obligations dependent on things not wholly inside our command constrained entry to certain services needed for us to conduct our get the job done, which includes all through a international pandemic like COVID-19 variations in tax law, the interpretation of associated principles and rules, or any other situations impacting our productive tax rate variations in know-how the opportunity impression of the announcement or consummation of a proposed transaction and our capacity to productively combine the functions of our modern and any foreseeable future acquisitions our ability to attain the objectives of close to time period or prolonged-time period enterprise plans the effects of health epidemics, pandemics and related outbreaks may have product adverse effects on our company, fiscal situation, benefits of operations and/or hard cash flows and other risks described in our Securities and Trade Fee filings.
Get in touch with: Corporate Communications and Media:
Jody Brown, Executive Vice President, Community Relations
(703) 841-7801,[email protected]
Dan Leckburg, Senior Vice President, Trader Relations
(703) 841-7666,[email protected]
Search term: VIRGINIA UNITED STATES NORTH The united states
Market Keyword: Know-how OTHER Protection CONTRACTS Protection OTHER Technologies AEROSPACE Computer software Production NETWORKS Defense
Supply: CACI Intercontinental Inc
Copyright Company Wire 2021.
PUB: 03/11/2021 08:00 AM/DISC: 03/11/2021 08:01 AM
Copyright Business enterprise Wire 2021.
