Leonardo DRS Q2 net earnings up 40% to $35M; narrows FY2023 guidance

Leonardo DRS, Inc.

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

Q2 net earnings $35M ($0.13 diluted EPS), up 40% from $25M; adjusted EPS $0.15.
Revenue $628M, flat YoY; bookings $698M (book-to-bill 1.1x); backlog $4.4B.
Narrows 2023 guidance ranges across all metrics citing year-to-date performance.
CEO Bill Lynn cites accelerated organic revenue growth and resilient customer 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 0.95

Leonardo DRS, Inc. reported Q2 2023 results: revenue $628 million, net income $35 million, EPS $0.13.

Period: Q2 2023
Revenue: $628 million
Net income: $35 million
EPS: $0.13
Result: reported results

Exact text from the filing

Leonardo DRS Announces Financial Results for Second Quarter 2023 • Revenue: $628 million • Net Earnings: $35 million • Adjusted EBITDA: $62 million • Diluted EPS: $0.13

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Source: SEC EDGAR

accession 0001628280-23-026590

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