Business Segments (Tables)

6 Months Ended

Mar. 31, 2024

Schedule of Financial Information for each of the Company's Business Segments


Table 3: Results of Operation by Business Segment
	For the Three Months Ended								For the Six Months Ended
	March 31, 2024				March 31, 2023				March 31, 2024				March 31, 2023
	Amount		% (1)		Amount		% (1)		Amount		% (1)		Amount		% (1)
	(dollars in thousands)
Revenue:
U.S. Federal Services	$	701,702			$	584,075			$	1,378,780			$	1,202,242
U.S. Services	486,115				449,703				975,960				889,181
Outside the U.S.	160,540				173,074				320,658				364,675
Revenue	$	1,348,357			$	1,206,852			$	2,675,398			$	2,456,098
Gross profit:
U.S. Federal Services	$	163,337	23.3	%	$	122,874	21.0	%	$	319,999	23.2	%	$	245,568	20.4	%
U.S. Services	130,122		26.8	%	86,016		19.1	%	248,485		25.5	%	169,614		19.1	%
Outside the U.S.	24,130		15.0	%	19,713		11.4	%	49,159		15.3	%	58,168		16.0	%
Gross profit	$	317,589	23.6	%	$	228,603	18.9	%	$	617,643	23.1	%	$	473,350	19.3	%
Selling, general, and administrative expenses:
U.S. Federal Services	$	79,867	11.4	%	$	75,050	12.8	%	$	167,722	12.2	%	$	146,699	12.2	%
U.S. Services	62,201		12.8	%	43,415		9.7	%	114,501		11.7	%	89,257		10.0	%
Outside the U.S.	23,460		14.6	%	23,425		13.5	%	48,601		15.2	%	51,814		14.2	%
Divestiture-related charges (2)	—		NM		883		NM		1,018		NM		883		NM
Other (3)	2,926		NM		(325)		NM		5,807		NM		247		NM
Selling, general, and administrative expenses	$	168,454	12.5	%	$	142,448	11.8	%	$	337,649	12.6	%	$	288,900	11.8	%
Operating income/(loss):
U.S. Federal Services	$	83,470	11.9	%	$	47,824	8.2	%	$	152,277	11.0	%	$	98,869	8.2	%
U.S. Services	67,921		14.0	%	42,601		9.5	%	133,984		13.7	%	80,357		9.0	%
Outside the U.S.	670		0.4	%	(3,712)		(2.1)	%	558		0.2	%	6,354		1.7	%
Amortization of intangible assets	(21,641)		NM		(23,650)		NM		(44,990)		NM		(47,168)		NM
Divestiture-related charges (2)	—		NM		(883)		NM		(1,018)		NM		(883)		NM
Other (3)	(2,926)		NM		325		NM		(5,807)		NM		(247)		NM
Operating income	$	127,494	9.5	%	$	62,505	5.2	%	$	235,004	8.8	%	$	137,282	5.6	%

(1)Percentage of respective segment revenue. Percentages not considered meaningful are marked "NM."

(2)We have sold businesses in both fiscal years 2023 and 2024. Refer to "Note 7. Acquisitions and Divestitures" for more details.

(3)Other expenses includes credits and costs that are not allocated to a particular segment. This includes expenses incurred as part of our acquisitions, as well as potential acquisitions which have not been or may not be completed.