earnings
confidence high
sentiment positive
materiality 0.60
Kratos Q3 net income $3.2M, revenue $275.9M; affirms FY2024 guidance
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
2024-Q3 EPS reported
$0.08
revenue$853,200,000
- Q3 revenue $275.9M (+0.5% YoY); GAAP net income $3.2M ($0.02 EPS) vs net loss $1.6M a year ago.
- Adjusted EPS $0.11; Adjusted EBITDA $24.6M; cash from ops $6.1M, free cash flow -$9.2M on $15.3M capex.
- Unmanned Systems revenue $64.2M (+13.2% organic); KGS revenue $211.7M, with space satellite decline offset by other growth.
- Consolidated book-to-bill 1.0x; total backlog $1.294B; bid pipeline $12B; affirms FY2024 guidance with revenue $1.125-$1.15B.
- Expects ~10% revenue growth in FY2025 base case; expanding drone production to ~400 units/year from ~165.