Q1 2026 Frigoglass SAIC Earnings Call Transcript

May 29, 2026 / 01:00 PM GMT

Release Date Price: €0.22

Transcript

Key Points

Positve

Frigoglass SAIC (ATH:FRIGO) reported revenue growth of approximately 2% in the first quarter, driven by new and existing programs.
The company secured net bookings of $2.4 billion, achieving a book-to-bill ratio of 1.3, indicating strong demand for its services.
Frigoglass SAIC (ATH:FRIGO) received awards with a total contract value exceeding $2 billion after the quarter close, including a significant new business win with the Air Force.
The company has a robust pipeline with proposals totaling $7 billion submitted in the first quarter, and expects to reach $28 billion to $30 billion for the full year.
Frigoglass SAIC (ATH:FRIGO) is well-positioned across various branches of the Department of Defense, with a balanced revenue distribution that mitigates risks from budget fluctuations.

Negative

The operating environment remains fluid with procurement delays and award timelines being pushed back, impacting the company's financial results.
Adjusted EBITDA margin was 8.4%, impacted by seasonality of investments and higher costs on a fixed price program in the space business.
Free cash flow was negative $44 million, affected by the timing of receivables on two programs.
The company faces challenges from turnover of acquisition personnel at agencies, which could affect contract processes.
There is a risk of procurement delays leading to potential award delays, which could impact revenue performance if the broader operating environment does not remain stable.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FRIr.AT - Frigoglass SAIC
Q1 2026 Frigoglass SAIC Earnings Call
May 29, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the SAIC Fiscal Year 2026 Quarter 1 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press. Again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Joseph Dinardi, Senior Vice President, Investor Relations and Treasurer. Please go ahead.

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