secwatch.observer — SEC 8-K summary
======================================

Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001628280-25-006563
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leonardo DRS Q4 revenue $981M, EPS $0.33; full-year revenue $3.2B, backlog up 10%
--------------------------------------------------------------------------------

- Q4 revenue $981M (+6% YoY), diluted EPS $0.33 (+18% YoY), adjusted diluted EPS $0.38.
- FY2024 revenue $3.2B (+14% YoY), net earnings $213M (+27% YoY), adjusted EBITDA $400M.
- Record bookings $4.1B (book-to-bill 1.3); backlog $8.5B (+10% YoY).
- Board declares $0.09/share dividend payable March 27, 2025; authorizes $75M share repurchase through March 2027.
- Formalized FY2025 guidance; CEO cites record bookings and margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000162828025006563/0001628280-25-006563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000162828025006563/drs-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-006563

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