Why Booz Allen Hamilton (BAH) Shares Are Rising Today - Booz Allen Hamilton (NYSE:BAH)

Booz Allen Hamilton Holding Corporation BAH shares are trading high after reporting solid fourth-quarter FY23 results.
The company saw Q4 sales growth of 8.7% year-on-year to $2.43 billion, beating the consensus of $2.39 billion.
Revenue, excluding billable expenses, grew 7.1%.
Adjusted EPS of $1.01 topped the consensus of $0.95.
Adjusted EBITDA margin expanded by 30 bps to 9.5%.
Booz Allen Hamilton's free cash flow was $212.42 million. The backlog increased by 6.7% Y/Y to $31.2 billion.
Dividend: The company declared a regular quarterly dividend of $0.47 per share, payable on June 30, 2023, to stockholders of record on June 15, 2023.
The company held $404.86 million in cash and equivalents.
FY24 Outlook: Booz Allen Hamilton issued FY24 Outlook.
The company sees sales growth to 7% - 11%. It expects an adjusted EPS of $4.80–$4.95 vs. the consensus of $4.88.
Price Action: BAH shares traded higher by 6.28% at $95.49 on the last check Friday.