CACI International Inc

earnings 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. If you should need any assistance during this call, please press star, then zero, and someone will help you. At this time, I would like to turn the conference over to Dan Lechper, Senior Vice President of Investor Relations, for CACI International. Please go ahead, sir.

Thank you, Nicole, and good morning, everyone. I'm Dan Lechberg, Senior Vice President of Investor Relations for CACI, and thank you for joining us this morning. We are providing presentation slides, so let's move to slide number two about our written and oral disclosures and commentary. There will be statements in this call that do not address historical facts 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 our actual results to differ materially from those that are anticipated. Those factors are listed at the bottom of last night's earnings release and 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 non-GAAP measures should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. Let's turn to slide three, please. To open our discussion this morning, here's Ken Asbury, President and Chief Executive Officer of CACI. Ken.

Well, thank you, Dan, and good morning to everyone. Thank you for joining us to discuss our fiscal year 2019 third quarter results. With me this morning are John Mangucci, our Chief Operating Officer, Tom Mutrin, our Chief Financial Officer, Diet Gray, President of U.S. Operations, and Greg Bradford, President of CACI Limited, who is joining us from the UK. So I'll turn to slide four, please. Last night, we released our third quarter earnings for fiscal year 2019 and raised net income, earnings per share, and cash flow guidance for the full year, reflecting strong operating performance. We delivered record revenue in the quarter, combined with organic growth, strong profitability, and robust cash flow. We also won $2.7 billion of contract awards, the largest quarter in our history, with almost 85% of that as business that is new to CACI. While our awards performance has been notable for many quarters now, what's most exciting to me is the type and size of business we're winning. The team is successfully executing our strategy to pursue larger, higher value solution business across all 12 of our markets. They are intensely focused on and investing more in every contract opportunity that we pursue. And as a result, we are bidding less contracts while winning a higher percentage of the contracts we bid. John will provide some insight into the exciting work that we have secured for our future in just a few moments. Let's turn to slide five, please. Looking at the macro environment, we are optimistic the government budget and spending priorities will remain well aligned to CACI's capabilities, driving our ongoing growth. Since we last spoke, the administration has submitted its 2020 budget request, which reflects unwavering commitment to defense and national security. We believe the broad bipartisan consensus regarding the erosion of America's technological warfighting edge and the urgent need to restore military capability and capacity in the context of a great power competition will be demonstrated in legislative action come September. We expect this recognition to drive investment in and appropriations for defense, intelligence, and homeland security, as well as modernization of systems, processes, and infrastructure across the federal landscape. Let's turn to slide six, please. I want to talk for just a moment about the strategic value and differentiation we gain from combining CACI with LGS and Mastodon. We are seeing capability synergies that are providing significant benefits to our customers and will raise our collective probability of success for contract pursuits as a result of having stronger solutions and innovation processes. Over time, we'll be fully capable of delivering products and solutions where we control the entirety the entire security of the supply chain, an area of incredible importance to our customers these days. These capabilities are aligned with our customers' urgent national security requirements and span all warfighting domains. We are integrating unique electronic warfare, signals intelligence, cyber, and communications products. And this is just the start. We're incredibly excited about the opportunity for differentiation in this area of our business. Turn to slide seven, please. As I look to the remainder of fiscal year 2019, I am thrilled by our performance to date and prospects looking forward. We're successfully winning business across all of our markets, and our M&A program continues to add differentiated capabilities in high-value, high-growth areas of these markets. This gives us confidence in our strategy, and also our ability to deliver predictable, profitable growth and value to our shareholders. With that, I'll turn the call over to Tom for details on our financials.