Leidos Q2 2020 Earnings Report
Key Takeaways
Leidos Holdings, Inc. reported a revenue increase of 6.8% year-over-year, with revenues reaching $2.91 billion. Diluted earnings per share were $1.06, and non-GAAP diluted earnings per share were $1.55. The company's net bookings were $4.6 billion, resulting in a book-to-bill ratio of 1.6. Cash flows from operations amounted to $422 million.
Revenues increased by 6.8% year-over-year, reaching $2.91 billion.
Diluted Earnings per Share (EPS) were reported at $1.06, with Non-GAAP Diluted EPS at $1.55.
Net Bookings reached $4.6 billion, resulting in a book-to-bill ratio of 1.6.
Cash Flows from Operations totaled $422 million.
Leidos
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Leidos Revenue by Segment
Forward Guidance
The Company is revising its fiscal year 2020 guidance as follows: Revenues of $12.2 billion to $12.6 billion, Adjusted EBITDA margins of 10.0% to 10.2%, Non-GAAP diluted EPS of $5.25 to $5.55, and Cash flows provided by operating activities at or above $1.2 billion.