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Booz Allen Hamilton Holding Corp BAH
Q4 2013 Earnings Call Transcript

Transcript Call Date 05/22/2013

Operator: Good morning. Thank you for standing by and welcome to Booz Allen Hamilton's Earnings Call covering Fourth Quarter and Full Year Results for Fiscal 2013. At this time, all lines are in a listen-only mode. Later, there will be an opportunity for questions.

I'd now like to turn the call to Mr. Curt Riggle.

Curt Riggle - Director of IR: Thank you, Shannon. Thank you all for joining us today for Booz Allen's fourth quarter and full year fiscal 2013 earnings announcement. I'm Curt Riggle, Director of Investor Relations, and with me to talk about our business and financial results this morning is Ralph Shrader, our Chairman, Chief Executive Officer and President; Sam Strickland, Executive Vice President and Chief Financial Officer; and Horacio Rozanski, Executive Vice President and Chief Operating Officer.

We hope you've had an opportunity to read the press release on our fourth quarter and full year earnings that we issued earlier this morning. We've also provided presentation slides on our website, and we are now on Slide 1.

As shown on the disclaimer on Slide 2, please keep in mind that some of the items we will discuss this morning will include statements that may be considered forward-looking and therefore are subject to known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results.

Those risks and uncertainties include among other things, general economic conditions, the availability of government funding for our Company services, and other factors discussed in today's earnings release and set forth under the forward-looking statements disclaimer included in our fiscal 2013 fourth quarter and full year earnings release and in our SEC filings. We caution you not to place undue reliance on any forward-looking statements that we may make today and remind you that we assume no obligation to update or revise the information discussed on this call.

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 to our non-GAAP measures in the most and to the most comparable GAAP measures in the fiscal 2013 fourth quarter and full year slides.

It is now my pleasure to turn over to our CEO, Ralph Shrader and he will start on Slide 3.

Dr. Ralph W. Shrader - Chairman, CEO and President: Thank you, Curt. Good morning and thank all of you for joining us today. A lot has happened in our nation, our industry and the financial markets since our last earnings call at the end of January.

Sequestration officially took effect on March 1st and the lead up to it created significant uncertainty. As we report today, the effects of sequestration on our firm have not been material from a financial results standpoint, but the impact on our clients and on citizens and businesses across the country is very real.

As a business leader, I implore Congress to end the blunt instrument of sequestration and tackle the tough choices necessary, so we can make smart cuts where appropriate and maintain an effective and steady level of funding for national priorities.

Read our Earnings Call Transcript disclaimer.
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