Leonardo S.p.A. reports half-year revenues up 6.4% to €6.9B; DRS segment EBITA drops 19%

Leonardo DRS, Inc.

2023-Q2 EPS reported $0.18 revenue$1,197,000,000

Group revenues €6,894M (+6.4% adjusted), EBITA €430M (+5.7% adjusted), net result €208M (-22.1% vs 1H22).
Orders €8,691M (+21.4% adjusted); record backlog ~€40B; FY2023 guidance reaffirmed.
Free operating cash flow -€517M, improving 46.3% from -€962M in 1H22.
Leonardo DRS segment (€): revenues €1,107M (-2.3% reported), EBITA €84M (-19.2%), ROS 7.6% vs 9.2%.
DRS received addl order for Columbia-class submarine electric propulsion components.

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 0.9

Leonardo DRS, Inc. reported financial results for the half year ended June 30, 2023.

Period: the half year ended June 30, 2023
Result: reported results

Exact text from the filing

On July 28, 2023, Leonardo DRS, Inc.’s (the “Company”) majority stockholder, Leonardo S.p.A., an Italian società per azioni, listed on the Milan Stock Exchange (“Leonardo S.p.A”), of which the Company is a consolidated subsidiary, issued a press release announcing its consolidated financial results for the half year ended June 30, 2023

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Leonardo DRS, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-026102

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