Leidos Q1 FY2022 revenue $3.5B (+5% YoY), net income $177M, record backlog $36.3B

Leidos Holdings, Inc.

2022-Q1 EPS reported $1.25 revenue$3,494,000,000

Revenue $3.5B, up 5% YoY; net income $177M; diluted GAAP EPS $1.25.
Adjusted EBITDA $358M (10.2% margin); non-GAAP diluted EPS $1.58.
Net bookings $5.4B (book-to-bill 1.6); backlog record $36.3B.
Cash from operations $93M; free cash flow $65M.
CEO cites strong start to 2022, record revenue and backlog, confident in full-year goals.

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