Defense contractor Booz Allen Hamilton Holding Corp. (NYSE:BAH) stock fell Friday after the company reported fiscal fourth-quarter results that topped earnings estimates despite weaker revenue, declining headcount and mixed fiscal 2027 guidance.
The company reported adjusted earnings of $1.78 per share, beating analyst estimates of $1.34. Revenue fell 6.4% year over year to $2.78 billion, missing Wall Street expectations of $2.89 billion.
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Backlog Growth And Workforce Trends
Booz Allen said backlog increased 3.1% to a record $38 billion, while the quarterly book-to-bill ratio was 0.9x. Revenue excluding billables declined 6.8%. Quarterly operating income fell to $263 million from $274 million a year earlier.
