Leonardo DRS Q1 revenue $569M, EPS $0.05; bookings strong at 1.3x book-to-bill

Leonardo DRS, Inc.

2023-Q1 EPS reported $0.05 revenue$569,000,000

Revenue $569M, down 7% YoY from $612M; net earnings $12M, down 67% from $36M.
Diluted EPS $0.05 (adjusted $0.07) vs $0.17 prior year.
Bookings $749M, book-to-bill ratio 1.3x; backlog $4.3B.
Adjusted EBITDA $49M; company reaffirms full-year 2023 guidance.
CEO Bill Lynn notes solid start, ahead of expectations, strong demand.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Leonardo DRS, Inc. reported first quarter ended March 31, 2023 results: revenue $569 million, net income $12 million, EPS $0.05. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $569 million
Net income: $12 million
EPS: $0.05
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Leonardo DRS Announces Financial Results for First Quarter 2023 • Revenue: $569 million • Net Earnings: $12 million • Adjusted EBITDA: $49 million • Diluted EPS: $0.05 • Adjusted Diluted EPS: $0.07 • Bookings: $749 million (book-to-bill ratio of 1.3x) • Backlog: $4.3 billion • Reaffirms 2023 guidance

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Source: SEC EDGAR

accession 0001628280-23-015213

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