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.
- Watanabe & Brothers’ Investment is holding shares of Booz Allen Hamilton Holding Corporation.
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