Leonardo DRS FY 2023 revenue $2.8B (+5% YoY); record backlog $7.8B; initiates 2024 guidance

Leonardo DRS, Inc.

2023-FY EPS reported $0.64 revenue$2,826,000,000

Q4 revenue $926M, FY revenue $2.8B; diluted EPS $0.64, adjusted $0.73.
Record backlog $7.8B, up 82% YoY; book-to-bill ratio of 1.2.
FY 2023 adjusted EBITDA $324M; net earnings $168M down 59% due to prior-year gain.
Commences ~$120M capital investment for new naval propulsion facility near Charleston, SC.
Investor Day confirmed for March 14, 2024.

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 fourth quarter and full year ended December 31, 2023 results: revenue $926 million for the fourth quarter and $2.8 billion for the year, net income $74 million for the fourth quarter and $168 million for the year, EPS $0.28 for the fourth quarter and $0.64 for the year. Guidance initiated.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $926 million for the fourth quarter and $2.8 billion for the year
Net income: $74 million for the fourth quarter and $168 million for the year
EPS: $0.28 for the fourth quarter and $0.64 for the year
Guidance: initiated
Result: reported results

Exact text from the filing

considered “filed” or incorporated by reference therein. --- EX-99.1 (EX-99.1) --- Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2023 • Revenue: $926 million for the fourth quarter and $2.8 billion for the year • Net Earnings: $74 million for the fourth quarter and $168 million for the year • Adjusted EBITDA: $131 million for the

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Source: SEC EDGAR

accession 0001628280-24-007046

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