Leonardo DRS reported strong first quarter 2025 results, exceeding expectations with significant growth in revenue, net earnings, and adjusted EBITDA. The company also achieved a record backlog and maintained a healthy balance sheet, confirming its full-year guidance.
Revenue increased by 16% year-over-year to $799 million.
Net earnings grew by 72% year-over-year to $50 million.
Adjusted EBITDA rose by 17% year-over-year to $82 million.
Bookings reached $1 billion, resulting in a book-to-bill ratio of 1.2x, and backlog grew 10% to $8.6 billion.
Leonardo DRS confirms its previously provided 2025 guidance across all key metrics.
Visualization of income flow from segment revenue to net income
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