CACI International Inc (NYSE:CACI) Q2 2024 Earnings Conference Call January 25, 2024 8:00 AM ET

Company Participants

George Price - Senior Vice President, Investor Relations

John Mengucci - President and Chief Executive Officer

Jeffrey MacLauchlan - Executive Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Robert Spingarn - Melius Research

Bert Subin - Stifel

Peter Arment - Baird

Josh Corn - Barclays

Matt Akers - Wells Fargo

Seth Seifman - JPMorgan

Mariana Perez Mora - Bank of America

Sheila Kahyaoglu - Jefferies

Louie DiPalma - William Blair

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the CACI International Fiscal 2024 Second Quarter Conference Call. Today's call is being recorded. At this time, all lines are in a listen-only mode, later we will announce the opportunity for questions and instructions will be given at that time. [Operator Instructions]

At this time, I would like to turn the conference call over to George Price, Senior Vice President, Investor Relations. Please go ahead.

George Price

Thanks, Sarah, and good morning, everyone. I'm George Price, Senior Vice President of Investor Relations for CACI International. Thank you for joining us this morning. We are providing presentation slides, so let's move to slide two. There will be statements in this call that do not address historical fact and as such constitute forward-looking statements under current law.

These statements reflect our views as of today and are subject to important factors that could cause actual results to differ materially from anticipated. Those factors are listed at the bottom of last night's press release and are described in the company's SEC filings. Our Safe Harbor statement is included on this exhibit and should be incorporated as part of any transcript of this call.

I would also like to point out that our presentation will include discussion of non-GAAP financial measures. These should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP.

Let's turn to slide three, please. To open our discussion this morning, here's John Mengucci, President and Chief Executive Officer of CACI International. John?

John Mengucci

Thanks, George, and good morning, everyone. Thank you for joining us to discuss our second quarter fiscal year '24 results. With me this morning is Jeff MacLauchlan, our Chief Financial Officer.

Let's turn to slide four, please. In the second quarter, we delivered 11% organic revenue growth, EBITDA consistent with Q1, and solid free cash flow. In addition, we won $2.2 billion of contract awards, which represents a 1.2 times book-to-bill for both the quarter and on a trailing 12-month basis. More than half of our awards were for new work to CACI, and we continue to have strong Recompete performance as well.