secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001628280-24-044191
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024044191/0001628280-24-044191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000162828024044191/drs-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044191

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