Booz Allen Hamilton's subsidiary has priced $1.2 billion in senior notes, comprising $700 million of 5.375% notes due 2030 and $500 million of 5.900% notes due 2034. The offering is expected to close on 4 August 2026. The company will use the proceeds to partially finance its acquisition of Ultra Electronics Advanced Tactical Systems, repay approximately $714 million of existing term loan debt, and support general corporate purposes. The Ultra Mission Solutions acquisition is expected to complete in the second quarter of Booz Allen's fiscal year 2027. If the acquisition is not completed by 19 December 2026 or a later agreed date, the company must redeem the 5.900% notes in a special mandatory redemption. BofA Securities, JPMorgan Securities, PNC Capital Markets, and Truist Securities are serving as joint bookrunners for the offering.

Booz Allen Hamilton reported first-quarter fiscal 2027 revenue of $2.8 billion, down 4.2% year-over-year, as a 1% rise in national security revenue was offset by a 16% decline in civil revenue. The government-services company said profitability and cash flow exceeded expectations and reaffirmed its full-year guidance. Adjusted EBITDA rose to $334 million, whilst adjusted diluted earnings per share increased 22% to $1.81. Free cash flow was $261 million in the quarter. Funded backlog increased 15% to $4.7 billion, whilst total backlog rose 3% to over $39 billion. The company's book-to-bill ratio was 1.5 times in the quarter. Booz Allen expects to close its acquisition of Ultra IC Mission Solutions in the second quarter, which it says should deliver strong double-digit revenue growth and EBITDA margins above 20%.

Booz Allen Hamilton reported Q2 CY2026 earnings that missed revenue expectations but exceeded profit forecasts. The government consulting firm posted revenue of $2.8 billion, falling 4.2% year on year and 0.5% below analyst estimates of $2.82 billion. However, GAAP profit reached $1.63 per share, beating consensus estimates of $1.40 by 16.5%. Adjusted EBITDA came in at $334 million, surpassing analyst expectations of $303 million by 10.2%. Operating margin improved to 10%, up from 8.8% in the same quarter last year. Free cash flow margin also increased to 9.3% from 3.3% year on year. Analysts project revenue growth of 3.8% over the next 12 months, below the sector average.