Booz Allen’s Adjusted EBITDA was Up 11.8% in 2022 Q1

Watanabe & Brother’s Investment purchased shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH) in 2021 Q2.  

Booz Allen announced its 2022 Q1 financial results on July 30th. As a result, revenue, operating income, and net income were up 1.7%, and down 26.4% and 28.8%, respectively (YoY, 3 months). Booz Allen has conducted an acquisition of Liberty IT Solutions, LLC (“Liberty”) that closed in June 2021. Booz Allen spent 666 million USD as the Liberty’s acquisition-related expense in 2022 Q1. 

On the other hand, adjusted operating income, showing Booz Allen’s operating performance, was up 10.8% (YoY, 3 months). In this regard, the acquisition costs are not deducted to calculate the adjusted operating income. In addition, adjusted EBITDA was up 11.8% compared to 2021 Q1. Depreciation and amortization as well as the acquisition costs were not deducted to calculate the adjusted EBITDA.

These facts show that Booz Allen’s performance in its core business went well. If the acquired business shows good performance in its revenue while interacting with the existing businesses, Booz Allen’s stock price might go higher in near future.

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Booz Allen Hamilton Holding Corporation.
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
  4. This report was originally prepared in English, and translated into the other languages with plugin utilizing Google Translation API. We hereby notify that the translations are provided only for the sake of reference, and any opinions or statements in this report should be interpreted in original English. We ask any investors reading this report to refer to the original financial statements issued by the company.
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