Caci International Cla (CAI) Tops Q1 EPS by 14c

Caci International Cla (NYSE: CAI) reported Q1 EPS of $0.27, $0.14 better than the analyst estimate of $0.13. Revenue for the quarter came in at $81.5 million versus the consensus estimate of $78.69 million.

• CAI reported revenue for the first quarter of 2017 of $81.5 million, an increase of $14.5 million compared to the first quarter of 2016. The increase in revenue was primarily due to acquisitions made by our logistics business in 2016. Lease-related revenue for the first quarter of 2017 was $61.0 million, compared to $58.8 million in the first quarter of 2016.
• Net income attributable to CAI common stockholders for the first quarter of 2017 was $5.3 million, or $0.27 per fully diluted share.
• Average container utilization for our owned fleet during the first quarter of 2017 was 95.7% (on a CEU basis) compared to 92.0% for the first quarter of 2016, and 94.3% for the fourth quarter of 2016.
• Average railcar utilization during the first quarter of 2017 was 92.7% compared to 93.5% for the first quarter of 2016, and 94.1% for the fourth quarter of 2016.
• In order to optimize its capital allocation, the Company has amended its new railcar delivery schedule to defer delivery of approximately $24 million of its remaining $95 million 2017 commitment to now be delivered in 2018, with delivery of most of the remaining $71 million being deferred to the third and fourth quarter of 2017.

For earnings history and earnings-related data on Caci International Cla (CAI) click here.

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