CACI INTERNATIONAL INC /DE/CACI

CACI INTERNATIONAL INC /DE/ Earnings Per Share Disclosure

10-KFiled Aug 7, 20252 min read
Earnings Per Share
Earnings per share and the weighted average number of diluted shares are computed as follows (dollars in thousands, except per share data):
Year Ended June 30,
202520242023
Net income$499,830 $419,924 $384,735 
Weighted average number of basic shares outstanding22,24722,38123,196
Dilutive effect of RSUs after application of treasury stock method146192217
Weighted average number of diluted shares outstanding22,39322,57323,413
Basic earnings per share$22.47 $18.76 $16.59 
Diluted earnings per share$22.32 $18.60 $16.43 
Share Repurchases
On January 26, 2023, the Board of Directors authorized a share repurchase program of up to $750.0 million of the Company’s common stock (the "2023 Repurchase Program").
On January 30, 2023, CACI entered into an Accelerated Share Repurchase (ASR) Agreement with Citibank, N.A (Citibank). Under the ASR Agreement, we paid $250.0 million to Citibank and received an initial delivery of approximately 0.7 million shares of common stock, which became treasury shares. On August 4, 2023, the ASR was completed and the Company received an additional 0.1 million shares of common stock, which became treasury shares. In total, the Company repurchased 0.8 million shares at an average price per share of $303.57.
During fiscal 2025 and fiscal 2024, CACI repurchased 0.4 million and 0.5 million shares of its outstanding common stock on the open market at an average share price of $344.35 and $318.99, including commissions paid, respectively.
The total remaining authorization for future common share repurchases under the 2023 Repurchase Program was $187.3 million as of June 30, 2025.

Historical Timeline

Fiscal YearFiled
2025Aug 7, 2025Showing above
2024Aug 8, 2024
2023Aug 10, 2023
2022Aug 11, 2022
2021Aug 17, 2021
2020Aug 14, 2020
2019Aug 21, 2019
2018Aug 20, 2018
2017Aug 21, 2017
2016Aug 24, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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