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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.
Leonardo DRS
Leonardo DRS
Leonardo DRS Revenue by Segment
Revenue by Segment
Advanced Sensing and Computing Revenue
CapyFin.comIntegrated Mission Systems Revenue
CapyFin.com 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