Leonardo DRS Q3 revenue $812M (+16%); raises FY 2024 guidance, backlog $8.3B up 75%

Leonardo DRS, Inc.

2024-Q3 EPS reported $0.46 revenue$2,253,000,000

Q3 revenue $812M (+16% YoY); net earnings $57M (+21%); diluted EPS $0.21 (+17%).
Adjusted EBITDA $100M (+22%); adjusted diluted EPS $0.24 (+20%).
Bookings $1.1B (book-to-bill 1.3x); backlog $8.3B, up 75% YoY.
Raised 2024 guidance across all metrics; initiated preliminary 2025 guidance framework.
CEO cited strong cash flow and execution exceeding expectations.

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