| Schedule of Financial Information for each of the Company's Business Segments |
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| Table 3: Results of Operation by Business Segment |
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For the Three Months Ended |
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For the Nine Months Ended |
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June 30, 2024 |
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June 30, 2023 |
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June 30, 2024 |
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June 30, 2023 |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
Amount |
|
% (1) |
|
(dollars in thousands) |
| Revenue: |
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| U.S. Federal Services |
$ |
683,347 |
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|
|
$ |
583,960 |
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|
|
$ |
2,062,127 |
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|
$ |
1,786,202 |
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| U.S. Services |
472,298 |
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|
449,061 |
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1,448,258 |
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1,338,242 |
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| Outside the U.S. |
159,284 |
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|
155,656 |
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479,942 |
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|
520,331 |
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| Revenue |
$ |
1,314,929 |
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$ |
1,188,677 |
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$ |
3,990,327 |
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$ |
3,644,775 |
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| Gross profit: |
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| U.S. Federal Services |
$ |
186,075 |
|
|
27.2 |
% |
|
$ |
156,945 |
|
|
26.9 |
% |
|
$ |
506,074 |
|
|
24.5 |
% |
|
$ |
402,513 |
|
|
22.5 |
% |
| U.S. Services |
121,012 |
|
|
25.6 |
% |
|
98,538 |
|
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21.9 |
% |
|
369,497 |
|
|
25.5 |
% |
|
268,152 |
|
|
20.0 |
% |
| Outside the U.S. |
25,227 |
|
|
15.8 |
% |
|
8,881 |
|
|
5.7 |
% |
|
74,386 |
|
|
15.5 |
% |
|
67,049 |
|
|
12.9 |
% |
| Gross profit |
$ |
332,314 |
|
|
25.3 |
% |
|
$ |
264,364 |
|
|
22.2 |
% |
|
$ |
949,957 |
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23.8 |
% |
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$ |
737,714 |
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|
20.2 |
% |
| Selling, general, and administrative expenses: |
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| U.S. Federal Services |
$ |
79,949 |
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|
11.7 |
% |
|
$ |
82,892 |
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|
14.2 |
% |
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$ |
247,671 |
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12.0 |
% |
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$ |
229,591 |
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12.9 |
% |
| U.S. Services |
59,531 |
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|
12.6 |
% |
|
51,536 |
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11.5 |
% |
|
174,032 |
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|
12.0 |
% |
|
140,793 |
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|
10.5 |
% |
| Outside the U.S. |
26,647 |
|
|
16.7 |
% |
|
24,122 |
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15.5 |
% |
|
75,249 |
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|
15.7 |
% |
|
75,936 |
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|
14.6 |
% |
| Divestiture-related charges (2) |
— |
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|
NM |
|
— |
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|
NM |
|
1,018 |
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|
NM |
|
883 |
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|
NM |
| Other (3) |
906 |
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|
NM |
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23,995 |
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|
NM |
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6,712 |
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|
NM |
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24,242 |
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|
NM |
| Selling, general, and administrative expenses |
$ |
167,033 |
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|
12.7 |
% |
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$ |
182,545 |
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|
15.4 |
% |
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$ |
504,682 |
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|
12.6 |
% |
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$ |
471,445 |
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|
12.9 |
% |
| Operating income/(loss): |
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| U.S. Federal Services |
$ |
106,126 |
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15.5 |
% |
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$ |
74,053 |
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12.7 |
% |
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$ |
258,403 |
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12.5 |
% |
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$ |
172,922 |
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9.7 |
% |
| U.S. Services |
61,481 |
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|
13.0 |
% |
|
47,002 |
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10.5 |
% |
|
195,465 |
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13.5 |
% |
|
127,359 |
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|
9.5 |
% |
| Outside the U.S. |
(1,420) |
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|
(0.9) |
% |
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(15,241) |
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|
(9.8) |
% |
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(863) |
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|
(0.2) |
% |
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(8,887) |
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|
(1.7) |
% |
| Amortization of intangible assets |
(23,542) |
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|
NM |
|
(23,431) |
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|
NM |
|
(68,532) |
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|
NM |
|
(70,599) |
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|
NM |
| Divestiture-related charges (2) |
— |
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|
NM |
|
— |
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|
NM |
|
(1,018) |
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|
NM |
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(883) |
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|
NM |
| Other (3) |
(906) |
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|
NM |
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(23,995) |
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|
NM |
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(6,712) |
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|
NM |
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(24,242) |
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|
NM |
| Operating income |
$ |
141,739 |
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|
10.8 |
% |
|
$ |
58,388 |
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|
4.9 |
% |
|
$ |
376,743 |
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|
9.4 |
% |
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$ |
195,670 |
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|
5.4 |
% |
(1)Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM."
(2)We have sold businesses in both fiscal years 2023 and 2024. Refer to "Note 7. Acquisitions and Divestitures" for more details.
(3)Other expenses includes credits and costs that are not allocated to a particular segment. In the three and nine months ended June 30, 2024, these charges include $0.3 million and $3.3 million related to the costs of a previously disclosed cybersecurity incident, respectively, compared to $22.1 million for the three and nine months ended June 30, 2023. Other charges include expenses incurred as part of our acquisitions, as well as potential acquisitions which have not been or may not be completed.
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