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CSRA Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Feb 7, 2018. Its latest SEC filing is a SC 13G/A from May 10, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides information technology services and systems to U.S. federal agencies, with work for state and local governments as well.

How Did They Make Money?

Government agencies pay CSRA for IT services and products through time-and-materials, fixed-price and cost-reimbursement contracts. Time-and-materials work is billed as hours are worked; fixed-price and cost-reimbursement revenue builds as contract work is performed, with reimbursable work covering eligible expenses and earned fees.

revenue

Who Were Their Customers?

Serves U.S. government agencies, including defense, intelligence and civilian agencies, as a prime contractor or as a subcontractor to other contractors; it also works for state and local government agencies.

Did Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in .

Operating income,
12% of revenue
▲ +233% vs ($187M, 4%)
Net income,
6% of revenue
▲ +249% vs ($87M, 2%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Dec 29, 2017
Revenue
▲ +7%
vs $1.2B in Q3 FY2017
Net income
▲ +49%
vs $126M in Q3 FY2017
  • Apr 3, 2018 Merger closed, changing control of CSRA CSRA shares ceased trading on the NYSE after the merger.
  • Mar 20, 2018 General Dynamics increased its cash offer for CSRA The offer rose from $40.75 to $41.25 per share.
  • Mar 19, 2018 CACI made an unsolicited proposal to acquire CSRA Its proposal combined cash and CACI stock; CSRA's board said it would review it and kept its recommendation for the General Dynamics offer.
  • Oct 17, 2017 CSRA agreed to acquire Praxis Engineering The proposed purchase was for $235 million in cash and would expand its intelligence-community presence.

Grew. Revenue grew 22% in 3 years, from $4.1B in to $5B in , about 7% a year.

Who Did They Compete With?

Competes with Leidos, Booz Allen Hamilton, CACI, SAIC, Engility, ManTech International, ICF International, Lockheed Martin, Northrop Grumman, Raytheon, Boeing, General Dynamics, IBM, AT&T, Verizon, DXC Technology, Dell, Accenture, and CGI Group

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