Leonardo DRS Q1 revenue $688M, up 21% YoY; net earnings $29M, up 142%

Leonardo DRS, Inc.

2024-Q1 EPS reported $0.11 revenue$688,000,000

Revenue $688M, up 21% YoY; net earnings $29M, up 142% YoY.
Diluted EPS $0.11, up 120%; adjusted diluted EPS $0.14, up 100%.
Adjusted EBITDA $70M, up 43% YoY.
Bookings $815M (book-to-bill 1.2x); backlog $7.8B, up 84% YoY.
Company confirms solid 2024 guidance.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Leonardo DRS, Inc. reported first quarter ended March 31, 2024 results: revenue $688 million, net income $29 million, EPS $0.11. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $688 million
Net income: $29 million
EPS: $0.11
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Leonardo DRS Announces Financial Results for First Quarter 2024 • Revenue: $688 million, up 21% year-over-year • Net Earnings: $29 million, up 142% year-over-year • Adjusted EBITDA: $70 million, up 43% year-over-year • Diluted EPS: $0.11, up 120% year-over-year • Adjusted Diluted EPS: $0.14, up 100% year-over-year • Bookings: $815 million (book-to-bill ratio of 1.2x) • Backlog: $7.8 billion, up 84% year-over-year • Confirms solid 2024 guidance

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Source: SEC EDGAR

accession 0001628280-24-019471

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