Overview
- Q3 FY25 revenue rose 29% year over year to $866.3 million.
- Net income increased 18% to $82.2 million, with GAAP EPS up to $0.89 from $0.76.
- Government operations revenue reached $616.7 million, up 10%, while operating income edged down to $97.4 million due to fewer favorable contract adjustments.
- Backlog climbed 119% to a record $7.4 billion, supported by multi-year awards including roughly $2.6 billion in July U.S. Naval Nuclear Propulsion Program contracts.
- Management raised 2025 non-GAAP EPS guidance to $3.75–$3.80 and issued a preliminary 2026 outlook for low-double-digit to low-teens adjusted EBITDA growth.