Booz Allen reports increased sales, profit

By Marjorie Censer / February 5, 2018 at 9:35 AM

Booz Allen Hamilton today said sales in its most recent quarter reached $1.5 billion, up nearly 7 percent from the same three-month period a year earlier.

The contractor reported quarterly profit of just under $70 million, up about 26 percent from the prior year.

Booz Allen said its workforce headcount at the end of the year totaled close to 25,000, increased from just over 23,000 a year earlier.

Lloyd Howell, the contractor's chief financial officer, said in a call with analysts this morning the company has incurred $8 million in legal costs to date related to the ongoing Justice Department investigation.

Additionally, Howell noted Booz Allen had $57 million in awards under protest as of the end of the year.

"It's still a dynamic in the procurement environment," he said of Government Accountability Office protests.