-=Booz Allen Hamilton (BAH) reported earnings on Fri 1 Feb 2019 (b/o)

Booz Allen Hamilton beats by $0.13, beats on revs; raises FY19 guidance; increases dividend

• Reports Q3 (Dec) earnings of $0.72 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.59; revenues rose 13.1% year/year to $1.66 bln vs the $1.6 bln S&P Capital IQ Consensus.
• Total backlog increased by 22.7 percent over the prior year period to $20.5 billion, and the Book-to-Bill ratio for the third quarter was 0.45x. As of December 31, 2018, headcount was more than 1,050 higher than the prior year, and increased by nearly 460 since the end of the prior quarter.
• Co raises guidance for FY19, sees EPS of $2.65-2.75 (Prior $2.55-2.65), excluding non-recurring items, vs. $2.64 S&P Capital IQ Consensus; sees FY19 revs of $6.60-6.67 bln (+7-8% -- previously saw +6-8%) vs. $6.63 bln S&P Capital IQ Consensus.
• Reflecting strong performance, the Company declared a $0.04 cent increase in its quarterly dividend, to $0.23 per share.