Latest news with #MattCalderone
Yahoo
25-05-2025
- Business
- Yahoo
Why Booz Allen Hamilton Holding Corporation (BAH) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Booz Allen Hamilton Holding Corporation (NYSE:BAH) stands against other Friday's worst-performing stocks. Booz Allen fell by 16.53 percent on Friday to finish at $107.79 each as investors were spooked by a pessimistic outlook and announcements of job cuts. In a stockholders' meeting on Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) said it was slashing as much as 7 percent of its 36,000 total workforce this quarter in response to the Trump administration's move to reduce government spending. According to Chief Finance Officer Matt Calderone, most of the job cuts will take place in the civil business. A technician testing and configuring a digital solution at a lab workstation. 'We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,' said CEO Horacio Rozanski. 'These are especially acute in civilian agencies.' Booz Allen Hamilton Holding Corporation (NYSE:BAH) generates most of its revenues from government contracts. With the reduced government spending, it said it now expects revenues to fall by low double-digits in the full fiscal year of 2026. Overall, BAH ranks 3rd on our list of Friday's worst-performing stocks. While we acknowledge the potential of BAH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Why Booz Allen Hamilton Holding Corporation (BAH) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Booz Allen Hamilton Holding Corporation (NYSE:BAH) stands against other Friday's worst-performing stocks. Booz Allen fell by 16.53 percent on Friday to finish at $107.79 each as investors were spooked by a pessimistic outlook and announcements of job cuts. In a stockholders' meeting on Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) said it was slashing as much as 7 percent of its 36,000 total workforce this quarter in response to the Trump administration's move to reduce government spending. According to Chief Finance Officer Matt Calderone, most of the job cuts will take place in the civil business. A technician testing and configuring a digital solution at a lab workstation. 'We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,' said CEO Horacio Rozanski. 'These are especially acute in civilian agencies.' Booz Allen Hamilton Holding Corporation (NYSE:BAH) generates most of its revenues from government contracts. With the reduced government spending, it said it now expects revenues to fall by low double-digits in the full fiscal year of 2026. Overall, BAH ranks 3rd on our list of Friday's worst-performing stocks. While we acknowledge the potential of BAH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Booz Allen Hamilton (BAH) Tumbles on Soft Outlook, Layoffs
Booz Allen Hamilton (BAH, Financials) shares fell over 12% in premarket trading on Friday, May 23, after the consulting firm posted disappointing forward guidance and announced significant layoffs tied to federal cost-reduction initiatives. Warning! GuruFocus has detected 2 Warning Signs with BAH. The McLean, Virginia-based firm expects adjusted EPS for fiscal 2026 between $6.20 and $6.55, missing the $6.92 average forecast from analysts. Full-year revenue is projected between $12.0 billion and $12.5 billion, also below the $12.82 billion consensus. In response to contract pressure from the Trump administration's budget-tightening policies, CEO Horacio Rozanski said the company will restructure and reset its civil business to align with reduced demand. CFO Matt Calderone said Booz Allen expects to cut approximately 7% of its 35,800-person workforceroughly 2,500 jobsmostly in the civil division. Despite the restructuring, the firm said its defense and intelligence segments are expected to continue growing. In the fiscal fourth quarter, Booz Allen reported adjusted EPS of $1.61 on revenue of $2.97 billion, compared with expectations of $1.61 and $3.03 billion, respectively. Year-over-year revenue rose 7%. Shares had been flat for the year prior to Friday's premarket drop, suggesting investor sentiment sharply reversed after the outlook and restructuring announcement. Investors will be watching how effectively Booz Allen executes its cost alignment strategy while maintaining growth in the defense sector. See insider trades for BAH. Explore Peter Lynch chart for BAH. This article first appeared on GuruFocus.
Yahoo
24-05-2025
- Business
- Yahoo
Booz Allen Hamilton (BAH) Tumbles on Soft Outlook, Layoffs
Booz Allen Hamilton (BAH, Financials) shares fell over 12% in premarket trading on Friday, May 23, after the consulting firm posted disappointing forward guidance and announced significant layoffs tied to federal cost-reduction initiatives. Warning! GuruFocus has detected 2 Warning Signs with BAH. The McLean, Virginia-based firm expects adjusted EPS for fiscal 2026 between $6.20 and $6.55, missing the $6.92 average forecast from analysts. Full-year revenue is projected between $12.0 billion and $12.5 billion, also below the $12.82 billion consensus. In response to contract pressure from the Trump administration's budget-tightening policies, CEO Horacio Rozanski said the company will restructure and reset its civil business to align with reduced demand. CFO Matt Calderone said Booz Allen expects to cut approximately 7% of its 35,800-person workforceroughly 2,500 jobsmostly in the civil division. Despite the restructuring, the firm said its defense and intelligence segments are expected to continue growing. In the fiscal fourth quarter, Booz Allen reported adjusted EPS of $1.61 on revenue of $2.97 billion, compared with expectations of $1.61 and $3.03 billion, respectively. Year-over-year revenue rose 7%. Shares had been flat for the year prior to Friday's premarket drop, suggesting investor sentiment sharply reversed after the outlook and restructuring announcement. Investors will be watching how effectively Booz Allen executes its cost alignment strategy while maintaining growth in the defense sector. See insider trades for BAH. Explore Peter Lynch chart for BAH. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-05-2025
- Business
- Bloomberg
Booz Allen to Slash Headcount as Government Cuts Hurt Outlook
Booz Allen Hamilton Holding Corp. will cut about 7% of its almost 36,000 employees this quarter in response to the Trump administration's move to shrink government spending. Most of the headcount reductions will take place in the civil business, Chief Financial Officer Matt Calderone said on an earnings call Friday.
