Business Segments (Tables)

9 Months Ended

Jun. 30, 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 Nine Months Ended
	June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
	Amount		% (1)		Amount		% (1)		Amount		% (1)		Amount		% (1)
	(dollars in thousands)
Revenue:
U.S. Federal Services	$	683,347			$	583,960			$	2,062,127			$	1,786,202
U.S. Services	472,298				449,061				1,448,258				1,338,242
Outside the U.S.	159,284				155,656				479,942				520,331
Revenue	$	1,314,929			$	1,188,677			$	3,990,327			$	3,644,775
Gross profit:
U.S. Federal Services	$	186,075	27.2	%	$	156,945	26.9	%	$	506,074	24.5	%	$	402,513	22.5	%
U.S. Services	121,012		25.6	%	98,538		21.9	%	369,497		25.5	%	268,152		20.0	%
Outside the U.S.	25,227		15.8	%	8,881		5.7	%	74,386		15.5	%	67,049		12.9	%
Gross profit	$	332,314	25.3	%	$	264,364	22.2	%	$	949,957	23.8	%	$	737,714	20.2	%
Selling, general, and administrative expenses:
U.S. Federal Services	$	79,949	11.7	%	$	82,892	14.2	%	$	247,671	12.0	%	$	229,591	12.9	%
U.S. Services	59,531		12.6	%	51,536		11.5	%	174,032		12.0	%	140,793		10.5	%
Outside the U.S.	26,647		16.7	%	24,122		15.5	%	75,249		15.7	%	75,936		14.6	%
Divestiture-related charges (2)	—		NM		—		NM		1,018		NM		883		NM
Other (3)	906		NM		23,995		NM		6,712		NM		24,242		NM
Selling, general, and administrative expenses	$	167,033	12.7	%	$	182,545	15.4	%	$	504,682	12.6	%	$	471,445	12.9	%
Operating income/(loss):
U.S. Federal Services	$	106,126	15.5	%	$	74,053	12.7	%	$	258,403	12.5	%	$	172,922	9.7	%
U.S. Services	61,481		13.0	%	47,002		10.5	%	195,465		13.5	%	127,359		9.5	%
Outside the U.S.	(1,420)		(0.9)	%	(15,241)		(9.8)	%	(863)		(0.2)	%	(8,887)		(1.7)	%
Amortization of intangible assets	(23,542)		NM		(23,431)		NM		(68,532)		NM		(70,599)		NM
Divestiture-related charges (2)	—		NM		—		NM		(1,018)		NM		(883)		NM
Other (3)	(906)		NM		(23,995)		NM		(6,712)		NM		(24,242)		NM
Operating income	$	141,739	10.8	%	$	58,388	4.9	%	$	376,743	9.4	%	$	195,670	5.4	%

(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. In the three and nine months ended June 30, 2024, these charges include $0.3 million and $3.3 million related to the costs of a previously disclosed cybersecurity incident, respectively, compared to $22.1 million for the three and nine months ended June 30, 2023. Other charges include expenses incurred as part of our acquisitions, as well as potential acquisitions which have not been or may not be completed.