Leidos Q3 net loss $396M on goodwill impairment; non-GAAP EPS $2.03, revenues up 9%, guidance raised

Leidos Holdings, Inc.

2023-Q3 EPS reported -$0.22 revenue$11,458,000,000

Revenues $3.92B (up 9% YoY); net loss $396M ($2.91/sh) includes $623M goodwill impairment.
Adjusted EBITDA $451M (11.5% margin); non-GAAP diluted EPS $2.03 (+28% YoY).
Record operating cash flow $795M; free cash flow $745M; net bookings $7.9B (book-to-bill 2.0x).
Company raising FY2023 guidance for all financial metrics; backlog at all-time high.

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 third fiscal quarter ended September 29, 2023 results: revenue $3.9 billion, net income $396 million, EPS $2.91 per diluted share. Guidance raised.

Period: third fiscal quarter ended September 29, 2023
Revenue: $3.9 billion
Net income: $396 million
EPS: $2.91 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2023 Results • Revenues of $3.9 billion, up 9% year-over-year • Net loss of $396 million or $2.91 per diluted share • Adjusted EBITDA of $451 million (11.5% margin) • Non-GAAP Diluted Earnings per Share of $2.03, up 28% year-over-year • Cash Flows from Operations of $795 million; Free Cash Flow of $745 million • Net Bookings of $7.9 billion (book-to-bill ratio of 2.0 for the quarter and 1.2 for trailing twelve months)

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Source: SEC EDGAR

accession 0001336920-23-000059

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