{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-009346","form_type":"8-K","ticker":"DRS","cik":"0001833756","company_name":"Leonardo DRS, Inc.","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.937544+00:00","generated_at":"2026-06-17T13:27:54.867007+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Leonardo DRS Q4 revenue flat at $820M; FY net earnings up 163% to $405M; backlog record $4.3B","bullets":["Q4 revenue $820M flat YoY; full-year revenue $2.7B, down 6% from $2.879B.","Full-year net earnings $405M (diluted EPS $1.88) up 163% vs $154M; adjusted EPS $0.83.","Record backlog $4.3B, up 49% driven by Columbia Class electric propulsion contract.","Full-year bookings $3.2B, book-to-bill ratio of 1.2x.","Initiates 2023 guidance; CEO cites strong demand and focuses on operational execution."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-009346","json":"https://secwatch.observer/filing/0001628280-23-009346.json","markdown":"https://secwatch.observer/filing/0001628280-23-009346.md","text":"https://secwatch.observer/filing/0001628280-23-009346.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/0001628280-23-009346-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/drs-20230328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T13:27:54.867007+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"548bee3eff2d5acb82101ec42d3652cf9988686f","claim":"Leonardo DRS, Inc. reported Fourth Quarter 2022 results: revenue $820 million, net income $65 million, EPS $0.28. Guidance initiated.","evidence_excerpt":"Leonardo DRS Announces Financial Results for Fourth Quarter and Fiscal Year 2022 • Revenue: $820 million for the fourth quarter and $2.7 billion for the year • Net Earnings: $65 million for the fourth quarter and $405 million for the year • Adjusted EBITDA: $120 million for the fourth quarter and $318 million for the year • Diluted EPS: $0.28 for the fourth quarter and $1.88 for the year • Adjusted Diluted EPS: $0.35 for the fourth quarter and $0.83 for the year • Bookings: $852 million for the fourth quarter and $3.2 billion for the year (book-to-bill ratio of 1.2) • Backlog: A record $4.3 billion, up 49% as result of a multi-boat Columbia Class electric power and propulsion contract • Initiates solid 2023 guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/0001628280-23-009346-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter 2022"},{"label":"Revenue","value":"$820 million"},{"label":"Net income","value":"$65 million"},{"label":"EPS","value":"$0.28"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"56804f4ffc7413ca86eb74561efcb8655610b487","claim":"Leonardo DRS, Inc. reported Full Year 2022 results: revenue $2.7 billion, net income $405 million, EPS $1.88. Guidance initiated.","evidence_excerpt":"Leonardo DRS Announces Financial Results for Fourth Quarter and Fiscal Year 2022 • Revenue: $820 million for the fourth quarter and $2.7 billion for the year • Net Earnings: $65 million for the fourth quarter and $405 million for the year • Adjusted EBITDA: $120 million for the fourth quarter and $318 million for the year • Diluted EPS: $0.28 for the fourth quarter and $1.88 for the year • Adjusted Diluted EPS: $0.35 for the fourth quarter and $0.83 for the year • Bookings: $852 million for the fourth quarter and $3.2 billion for the year (book-to-bill ratio of 1.2) • Backlog: A record $4.3 billion, up 49% as result of a multi-boat Columbia Class electric power and propulsion contract • Initiates solid 2023 guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/0001628280-23-009346-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2022"},{"label":"Revenue","value":"$2.7 billion"},{"label":"Net income","value":"$405 million"},{"label":"EPS","value":"$1.88"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}