Leidos Q1 revenue up 6% to $3.7B; net income falls; CEO Krone to step down

Leidos Holdings, Inc.

2023-Q1 EPS reported $1.17 revenue$3,699,000,000

Revenue $3,699M (+6% YoY); net income $164M (-7% YoY); diluted EPS $1.17 GAAP, $1.47 non-GAAP.
Adjusted EBITDA $346M; margin 9.4% vs 10.2% a year ago.
Net bookings $3.0B (book-to-bill 0.8); backlog remains strong.
Chairman/CEO Roger Krone announces plan to step down; no successor named in release.
Company reaffirms 2023 guidance with expectation of improving earnings and cash flow.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leidos Holdings, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue Revenues of $3.7 billion, net income Net Income of $164 million, EPS Diluted Earnings per Share of $1.17. Guidance reaffirmed.

Period: first fiscal quarter ended March 31, 2023
Revenue: Revenues of $3.7 billion
Net income: Net Income of $164 million
EPS: Diluted Earnings per Share of $1.17
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2023 Results • Revenues of $3.7 billion, up 6% year-over-year • Net Income of $164 million; Adjusted EBITDA of $346 million • Diluted Earnings per Share of $1.17 , or $1.47 on a non-GAAP basis • Net Bookings of $3.0 billion (book-to-bill ratio of 0.8)

View on SEC.gov

Browse all earnings releases →

Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001336920-23-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.