Booz Allen Hamilton Holding Corporation

There will be an opportunity for questions. I'd now like to turn the call over to the Head of Investor Relations, Dustin Derrensberg.

Thank you. Good morning and thank you for joining us for Booz Allen's third quarter fiscal year 2025 earnings call. We hope you've had an opportunity to read the press release we issued earlier this morning. We have also provided presentation slides on our website and are now on slide two. With me today to talk about our business and financial results or Horacio Rozanski, our Chairman, Chief Executive Officer, and President, and Matt Calderon, Executive Vice President and Chief Financial Officer. As shown in the disclaimer on slide three, please keep in mind that some of the items we will discuss this morning are forward-looking and may relate to future events or our future financial performance and involve known and unknown risk, uncertainties, and other factors that may cause our actual results to differ materially from forecasted results discussed in our SEC filings and on this call. All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements and speak only as of the date made. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. During today's call, we will also discuss some non-GAAP financial measures and other metrics, which we believe provide useful information for investors. We include an explanation of adjustments and other reconciliations of our non-GAAP measures to the most comparable GAAP measures in our third quarter fiscal year 2025 earnings release and slides. Numbers presented may be rounded and as such may vary slightly from those in our public disclosure. It is now my pleasure to turn the call over to our chairman, CEO, and president, Horacio Rosansky. We are now on slide four.

Thank you, Dustin. Welcome to the team. We're glad to have you on board. And good morning, everyone. Thank you for joining the call. This morning, Matt and I are excited to share excellent financial results for the third quarter of fiscal year 2025, including double-digit growth at both the top and bottom lines. Booz Allen continues to achieve the strategic and operational momentum we aimed for this fiscal year. This performance is particularly important in the current industry environment. Consistent with many other presidential transitions, we see some agencies taking time to assess and align priorities with their new agendas. This creates some slowing and uncertainty in the procurement environment as funding shifts in line with those priorities. We anticipated this adjustment period and have managed our business accordingly. We are running our operations tightly. This is reflected in the strong results we are discussing today. And because of our unique business model, we are able to accelerate investments in priority growth areas. Much of the new administration's agenda relies on the ability to apply advanced technologies to move faster, disrupt outdated processes, and protect our nation's technological supremacy. We believe VOLT, which stands for Velocity, Leadership, and Technology, has positioned us to capture this moment. In a few minutes, Matt will take you through the full details of the quarter and our outlook for the rest of the fiscal year. But first, I would like to put our optimism for the future into some additional context. For more than a century, Booz Allen has continuously anticipated and catalyzed change for our clients and our business. Our institution's journey aligns with some of the most significant moments in our nation's history. These include winning World War II and the Space Race, and the successive waves of change driven by the dawn of the digital age. Booz Allen has always been prepared for the technological, societal, and geopolitical changes that shape the times. we anticipate the trends that define our future and move our business to the center of that change. Today, in Booz Allen's 20th presidential transition, we believe we are on the precipice of another transformative era. We know from experience that large-scale change always includes a period of uncertainty and disruption. We also know that these times create major opportunities. The work Booz Allen has done over the last decade and accelerated through Volt has positioned us as the advanced technology company delivering outcomes at the center of our nation's most important missions. We have a truly unique vantage point for understanding and driving the changes that will bring better, faster innovation into government. Our tech scouting function has been key to identifying the technologies that shape the future. We accelerate the journey from breakthrough to outcome in areas like advanced manufacturing, quantum cryptography, and autonomy. For decades, we have invested in disruptive technologies that are changing the world. We made early bets in cloud, cybersecurity, space, and AI that are now core to essential missions. And our venture fund and commercial partnerships help bring leading dual-use technologies into civil, defense, and national security missions to achieve faster, more effective outcomes. Let me share a few examples that further highlight how Booz Allen is well-positioned for this moment. We now have the largest AI business in the federal government and one of the largest cyber businesses in the world. we are developing and delivering trusted, secure, and responsible AI across missions, including for the Defense Department's largest data platform. And with Thunderdome, we have also built and deployed the largest integrated zero-trust solution at scale. We are developing and operating premier space systems built with scalable, secure, AI-powered data solutions to support national security missions. Over the past two decades, we have driven massive modernization of technology at the VA. This has accelerated outcomes for our veterans, including faster claims processing and benefits delivery, and reduced fraud, waste, and abuse. Using an outcomes-based acquisition model, we designed, built, and continue to operate Recreation.gov. Its advanced technical infrastructure delivers a customer experience on par with the most successful commercial platforms. And we are delivering digital battle space technologies to significantly improve real-time situational awareness for warfighters, even in the most disrupted environments. This is the power of Vault. This is the power of Booz Allen. We also recognize the importance of partnerships to generate speed to outcomes. Booz Allen's ability to collaborate with a network of innovative commercial technology partners helps speed the impact of emerging and dual-use technologies. For example, we know that in the most challenging national security environment in half a century, we need to move faster. We must push boundaries and disrupt long-standing barriers to innovation. We recently announced an expanded partnership with Palantir Technologies to co-create solutions to help the US maintain superiority against its adversaries. In only 45 days, our teams created a prototype with the capacity to rapidly accelerate integrated warfighting operations. This solution is already being tested in large-scale exercises. It will improve collaboration and combine mission planning for the US and our allies and partners. Last week, We also announced an expanded partnership with Amazon Web Services to jointly invest, create, and collaborate to accelerate outcomes across US federal missions. We will jointly develop and deliver enterprise solutions at scale in areas like cloud migration, cybersecurity, and generative AI. This partnership is force multiplier. We are co-investing to build on top of our technology platforms and create new solutions to existing problems and capability gaps. I'm tremendously excited about the potential of our ongoing collaboration with both of these companies. And with others, we are not ready to announce quite yet. As we put it all together, we find ourselves in an excellent position to support the priorities of the new administration. First, our multi-year effort to become faster at everything allows us to match the velocity of change underway. Second, we are one of the few technology companies able to both innovate and deliver at scale. We have long been advocates of maximizing dual use commercial technologies and increasing the use of AI to generate efficiencies. The combination of our own technology, our highly productive partnerships across tech, and our extraordinary people give us the edge on speed to outcome. And third, speaking of outcomes, for quite some time now, we have prepared and advocated for a move towards outcome-based contracting as a model to create both efficiency and faster impact across the missions we support. We expect this trend to accelerate in the current environment. For all these reasons and more, I am excited about what's ahead. Booz Allen is the advanced technology company known for speed to outcomes. From the Pacific to orbit and here at home, we are investing in the technologies and the talent necessary to succeed in the coming years and decades. And as the new administration's priorities and team continue to take shape, we look forward to the opportunity to work with them to help enhance our national security and how our government serves our citizens. And with that, Matt, I'll turn the call over to you.