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SRA’s Sales, Earnings Up On Acquisitions, Improved Margins

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SRA International [SRX] on Tuesday reported higher third quarter earnings and sales driven primarily from acquisitions and the company reduced its revenue guidance for the year. Net income increased 20 percent to $18 million, 30 cents earnings per share (EPS), from $15 million (26 cents EPS) a year ago, a penny below consensus estimates. Operating margins increased 70 basis points to 7.9 percent in part due to a reduction in low-margin rebillables. Sales increased 18 percent to $376 million from…

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