---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-026590"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:47:28.538769+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-026590
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026590/0001628280-23-026590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026590/drs-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-026590
- JSON: https://secwatch.observer/filing/0001628280-23-026590.json
- Plain text: https://secwatch.observer/filing/0001628280-23-026590.txt

## Key facts
- Earnings Releases
  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
  source text: Leonardo DRS Announces Financial Results for Second Quarter 2023 • Revenue: $628 million • Net Earnings: $35 million • Adjusted EBITDA: $62 million • Diluted EPS: $0.13
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833756/000162828023026590/0001628280-23-026590-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.