---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019471"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:12:44.003318+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-019471
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828024019471/0001628280-24-019471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828024019471/drs-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019471
- JSON: https://secwatch.observer/filing/0001628280-24-019471.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019471.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833756/000162828024019471/0001628280-24-019471-index.htm

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