Leonardo DRS Q2 revenue $753M (+20% YoY); EPS $0.14 (+8%); raises 2024 guidance

Leonardo DRS, Inc.

2024-Q2 EPS reported $0.25 revenue$1,441,000,000

Revenue of $753M (+20% YoY); net earnings $38M (+9%); adjusted EBITDA $82M (+32%).
Diluted EPS $0.14 (+8%); adjusted diluted EPS $0.18 (+20%).
Bookings $941M (1.2x book-to-bill); backlog $7.9B (+82% YoY).
Company increased full-year 2024 guidance across all metrics.
CEO Bill Lynn cites strong demand and improving supply chain driving revenue growth.

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