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Dec 31, 2022
Leonardo DRS Q4 2022 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2022.
Key Takeaways
Leonardo DRS reported flat revenue for the fourth quarter and a decrease for the full year, but net earnings and adjusted EBITDA increased for both periods. Strong bookings led to a record backlog, and the company initiated solid 2023 guidance.
Revenue was $820 million for the fourth quarter and $2.7 billion for the year.
Net earnings were $65 million for the fourth quarter and $405 million for the year.
Adjusted EBITDA was $120 million for the fourth quarter and $318 million for the year.
Bookings were $852 million for the fourth quarter, resulting in a record backlog of $4.3 billion.
Leonardo DRS
Leonardo DRS
Leonardo DRS Revenue by Segment
Revenue by Segment
Advanced Sensing and Computing Revenue
CapyFin.comIntegrated Mission Systems Revenue
CapyFin.com Forward Guidance
Leonardo DRS is initiating 2023 guidance.
Positive Outlook
- Revenue: $2.7 billion - $2.8 billion
- Adjusted EBITDA: $315 million - $330 million
- Adjusted Diluted EPS: $0.64 - $0.69
Revenue & Expenses
Visualization of income flow from segment revenue to net income