Leonardo DRS Earnings Reports

Leonardo DRS delivered solid financial performance in Q4 2024, with revenue of $981 million, net earnings of $89 million, and adjusted EBITDA of $148 million. The company achieved a book-to-bill ratio of 1.3 and generated strong free cash flow. Growth was driven by demand for tactical radars, naval network computing, advanced infrared sensing, and electric power and propulsion.

Leonardo DRS reported a strong third quarter in 2024, with a 16% increase in revenue year-over-year, a 21% increase in net earnings, and a 22% increase in adjusted EBITDA. The company also raised its 2024 guidance across all metrics and initiated a preliminary 2025 guidance framework.

Leonardo DRS reported a strong second quarter with a 20% increase in revenue year-over-year, reaching $753 million. Net earnings increased by 9% to $38 million, and adjusted EBITDA rose by 32% to $82 million. The company also increased its 2024 guidance across various metrics.

Leonardo DRS announced strong Q1 2024 results with a 21% increase in revenue, a 142% increase in net earnings, and a 43% increase in adjusted EBITDA. The company also reported a record backlog of $7.8 billion and confirmed its 2024 guidance.

Leonardo DRS reported strong Q4 2023 results with a 13% increase in revenue compared to 2022. Net earnings increased by 14% and adjusted EBITDA grew by 9%. The company's backlog reached a record $7.8 billion, up 82% from the prior year.

Leonardo DRS announced strong Q3 2023 results, with revenue reaching $703 million and net earnings of $47 million. The company saw an 11% increase in revenue compared to the previous year, driven by strong performance in naval power and computing programs. Bookings were robust at $1.1 billion, resulting in a book-to-bill ratio of 1.5x, and backlog reached a record $4.7 billion.

Leonardo DRS reported Q2 2023 financial results with revenue of $628 million, net earnings of $35 million, and adjusted EBITDA of $62 million. The company's bookings were $698 million, resulting in a book-to-bill ratio of 1.1x, and backlog reached a record $4.4 billion. The company narrowed its 2023 guidance ranges across all metrics.

Leonardo DRS announced its financial results for the first quarter of 2023, with revenue of $569 million, net earnings of $12 million, and adjusted EBITDA of $49 million. The company reaffirmed its 2023 guidance and reported strong bookings and backlog.

Leonardo DRS reported flat revenue for the fourth quarter and a decrease for the full year, but net earnings and adjusted EBITDA increased for both periods. Strong bookings led to a record backlog, and the company initiated solid 2023 guidance.