secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001628280-23-009346
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leonardo DRS Q4 revenue flat at $820M; FY net earnings up 163% to $405M; backlog record $4.3B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/0001628280-23-009346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000162828023009346/drs-20230328.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-009346

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