Leonardo DRS Q3 revenue $703M, up 11% YoY; bookings $1.1B; wins $3B+ sub contract

Leonardo DRS, Inc.

2023-Q3 EPS reported $0.36 revenue$1,900,000,000

Revenue $703M (+11% YoY); net earnings $47M; diluted EPS $0.18; adjusted diluted EPS $0.20.
Bookings $1.1B (book-to-bill 1.5x); backlog $4.7B.
Awarded over $3B contract for electric power/propulsion on remaining Columbia Class submarines.
Updates 2023 guidance: narrows revenue and adjusted EBITDA ranges, raises adjusted diluted EPS range.
Adjusted EBITDA $82M; strong operational cash flow expected in Q4 according to management.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leonardo DRS, Inc. reported third quarter ended September 30, 2023 results: revenue $703 million, net income $47 million, EPS $0.18. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $703 million
Net income: $47 million
EPS: $0.18
Guidance: raised
Result: reported results

Exact text from the filing

is to be considered “filed” or incorporated by reference therein. --- EX-99.1 (EX-99.1) --- Leonardo DRS Announces Financial Results for Third Quarter 2023 • Revenue: $703 million • Net Earnings: $47 million • Adjusted EBITDA: $82 million • Diluted EPS: $0.18 • Adjusted Diluted EPS: $0.20 • Bookings: $1.1 billion (book-to-bill ratio of 1.5x) • Backlog:

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Source: SEC EDGAR

accession 0001628280-23-036227

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