Leonardo DRS reaffirms 2024 guidance, initiates 3-year framework with ~14% EBITDA margin target by 2026

Leonardo DRS, Inc.

Reaffirmed 2024 guidance previously issued on February 27, 2024.
Targets 4%-7% organic revenue growth (2024-2026).
Adjusted EBITDA margin target of ~14% by 2026.
80%-90% conversion of adjusted net earnings to free cash flow targeted.
Capital deployment of 75%-100% of FCF toward value-enhancing M&A; net leverage target ~2x adjusted EBITDA.

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. updated its 2024 - 2026 guidance (initiated).

Period: 2024 - 2026
Guidance: initiated
Result: guidance update

Exact text from the filing

Initiation of a strong three-year framework (2024 - 2026) for revenue, adjusted EBITDA and free cash flow

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Leonardo DRS, Inc. updated its guidance (reaffirmed).

Guidance: reaffirmed
Result: guidance update

Exact text from the filing

On March 14, 2024, Leonardo DRS, Inc. (the "Company") issued a news release reporting, among other things, the reaffirmation of its financial guidance previously issued on February 27, 2024, the initiation of a three year framework for revenue, adjusted EBITDA and free cash flow as well as information related to targeted capital deployment.

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Leonardo DRS, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-011093

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