secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001628280-24-019471
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024019471/0001628280-24-019471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024019471/drs-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer