secwatch.observer — SEC 8-K summary
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Issuer:     Leidos Holdings, Inc. (LDOS)
CIK:        0001336920
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001336920-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336920/000133692023000033/0001336920-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336920/000133692023000033/ldos-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001336920-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer