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Mar 31
Leonardo DRS Q1 2025 Earnings Report
Reported financial results for the first quarter 2025
Key Takeaways
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
Leonardo DRS
Leonardo DRS Revenue by Segment
Forward Guidance
Leonardo DRS confirms its previously provided 2025 guidance across all key metrics.
Positive Outlook
- Revenue guidance maintained at $3,425 million to $3,525 million.
- Adjusted EBITDA guidance maintained at $435 million to $455 million.
- Tax rate guidance maintained at 19.0%.
- Diluted WASO guidance maintained at 270.0 million.
- Adjusted Diluted EPS guidance maintained at $1.02 to $1.08.
Challenges Ahead
- The company is evaluating indirect impacts from potential tariffs and related policies.
- No specific negative factors for forward guidance were highlighted in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income