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Jun 30, 2024
Leonardo DRS Q2 2024 Earnings Report
Reported strong Q2 2024 results driven by healthy customer demand and improved supply chain, leading to revenue and earnings growth.
Key Takeaways
Leonardo DRS reported a strong second quarter with a 20% increase in revenue year-over-year, reaching $753 million. Net earnings increased by 9% to $38 million, and adjusted EBITDA rose by 32% to $82 million. The company also increased its 2024 guidance across various metrics.
Revenue increased by 20% year-over-year to $753 million.
Net earnings rose by 9% year-over-year to $38 million.
Adjusted EBITDA increased by 32% year-over-year to $82 million.
Backlog reached a record $7.9 billion, up 82% year-over-year.
Revenue by Segment
Forward Guidance
Leonardo DRS is adjusting its 2024 guidance with increased expectations for revenue and adjusted EBITDA.
Positive Outlook
- Revenue: $3,075 million - $3,175 million
- Adjusted EBITDA: $375 million - $395 million
- Tax Rate: 20.5%
- Diluted Shares Outstanding: 268.0 million
- Adjusted Diluted EPS: $0.82 - $0.88
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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