earnings
confidence high
sentiment positive
materiality 0.75
Kratos Q2 revenue $300.1M (+16.8%), GAAP net income $7.9M, affirms FY24 guidance
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
2024-Q2 EPS reported
$0.06
revenue$577,300,000
- Q2 rev $300.1M (+16.8% YoY, 16.7% organic); GAAP EPS $0.05 vs ($0.02); Adj EPS $0.14 vs $0.09.
- Unmanned Systems rev $85.8M (+64.7%, +61.8% organic); KGS rev $214.3M (+4.6% organic).
- Consolidated book-to-bill 1.1x; bookings $334.1M; total backlog $1.303B. Unmanned Systems book-to-bill 1.5x.
- Provides Q3 guidance: rev $265-280M, Adj EBITDA $20-23M; affirms FY24 rev $1.125-1.150B, Adj EBITDA $102-107M.