Leonardo DRS Q2 2023 Earnings Report
Key Takeaways
Leonardo DRS reported Q2 2023 financial results with revenue of $628 million, net earnings of $35 million, and adjusted EBITDA of $62 million. The company's bookings were $698 million, resulting in a book-to-bill ratio of 1.1x, and backlog reached a record $4.4 billion. The company narrowed its 2023 guidance ranges across all metrics.
Revenue was $628 million.
Net earnings were $35 million.
Adjusted EBITDA was $62 million.
Bookings were $698 million with a book-to-bill ratio of 1.1x.
Leonardo DRS
Leonardo DRS
Leonardo DRS Revenue by Segment
Forward Guidance
Leonardo DRS updated its 2023 guidance with revenue between $2.725 billion and $2.8 billion, adjusted EBITDA between $318 million and $328 million, a tax rate of 19%, diluted shares outstanding of 266 million, and adjusted diluted EPS between $0.66 and $0.69.
Revenue & Expenses
Visualization of income flow from segment revenue to net income