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Mar 31, 2024
Leonardo DRS Q1 2024 Earnings Report
Leonardo DRS reported exceptional first quarter 2024 results, marked by robust bookings, double-digit organic growth, significant profit growth, and margin expansion.
Key Takeaways
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.
Revenue increased by 21% year-over-year to $688 million.
Net earnings increased by 142% year-over-year to $29 million.
Adjusted EBITDA increased by 43% year-over-year to $70 million.
Backlog reached a record $7.8 billion, up 84% year-over-year.
Revenue by Segment
Forward Guidance
Leonardo DRS confirms its 2024 guidance with revenue between $2.925 billion and $3.025 billion and adjusted EBITDA between $365 million and $390 million.
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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