{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-015213","form_type":"8-K","ticker":"DRS","cik":"0001833756","company_name":"Leonardo DRS, Inc.","filed_at":"2023-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.003472+00:00","generated_at":"2026-06-16T01:34:16.863232+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Leonardo DRS Q1 revenue $569M, EPS $0.05; bookings strong at 1.3x book-to-bill","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-015213","json":"https://secwatch.observer/filing/0001628280-23-015213.json","markdown":"https://secwatch.observer/filing/0001628280-23-015213.md","text":"https://secwatch.observer/filing/0001628280-23-015213.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023015213/0001628280-23-015213-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023015213/drs-20230503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T01:34:16.863232+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":"176831959a28ccdd5eb2bf801d898b50c77825a6","claim":"Leonardo DRS, Inc. reported first quarter ended March 31, 2023 results: revenue $569 million, net income $12 million, EPS $0.05. Guidance reaffirmed.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1833756/000162828023015213/0001628280-23-015213-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$569 million"},{"label":"Net income","value":"$12 million"},{"label":"EPS","value":"$0.05"},{"label":"Guidance","value":"reaffirmed"},{"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"}