secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001833756-26-000009
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 Q4 revenue $1.06B, FY EPS $1.03; backlog $8.7B, initiates 2026 guidance
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- Q4 revenue $1,060M, up 8% YoY; full-year revenue $3,648M, up 13% YoY.
- Q4 diluted EPS $0.38; adjusted diluted EPS $0.42; full-year diluted EPS $1.03 (up 29% YoY), adjusted EPS $1.15.
- Full-year bookings $4.2B (book-to-bill 1.2x); backlog $8.7B, up 3% from prior year.
- Adjusted EBITDA for Q4 $158M, full-year $453M; net earnings $278M for FY2025.
- 2026 guidance initiated: expects continued strong growth driven by defense demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000009/0001833756-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000009/drs-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001833756-26-000009

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