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Jun 30, 2023
Leonardo DRS Q2 2023 Earnings Report
Reported strong second quarter results with accelerating organic revenue growth and robust bookings.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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