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Mar 31, 2023
Leonardo DRS Q1 2023 Earnings Report
Leonardo DRS reported a solid start to the year with Q1 results exceeding expectations, driven by strong demand and a differentiated technology portfolio.
Key Takeaways
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.
Revenue was $569 million.
Net earnings were $12 million.
Adjusted EBITDA was $49 million.
Bookings were $749 million with a book-to-bill ratio of 1.3x.
Revenue by Segment
Forward Guidance
Leonardo DRS reaffirmed its 2023 guidance, projecting revenue between $2.7 billion and $2.8 billion, adjusted EBITDA between $315 million and $330 million, and adjusted diluted EPS between $0.64 and $0.69.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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