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Mar 31, 2023
Leidos Q1 2023 Earnings Report
Leidos reported first quarter fiscal year 2023 results, demonstrating strong organic growth with record revenue performance.
Key Takeaways
Leidos Holdings, Inc. reported a 6% year-over-year increase in revenues, reaching $3.7 billion for the first quarter of fiscal year 2023. Net income was $164 million, and diluted EPS was $1.17. Adjusted EBITDA was $346 million, with a margin of 9.4%. The company reaffirmed its fiscal year 2023 guidance.
Revenues increased by 6% year-over-year to $3.7 billion.
Net income was $164 million, with a diluted EPS of $1.17.
Adjusted EBITDA reached $346 million, with a margin of 9.4%.
Net bookings totaled $3.0 billion, resulting in a book-to-bill ratio of 0.8.
Revenue by Segment
Forward Guidance
Leidos is maintaining its fiscal year 2023 guidance.
Positive Outlook
- Revenues (billions): $14.7 - $15.1
- Adjusted EBITDA Margin: 10.3% - 10.5%
- Non-GAAP Diluted EPS: $6.40 - $6.80
- Cash Flows Provided by Operating Activities (millions): at or above $700
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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