Leidos Q2 2022 Earnings Report
Key Takeaways
Leidos Holdings, Inc. reported financial results for the second quarter of fiscal year 2022. Revenues were $3.6 billion, up 4% year-over-year. Net income was $172 million, and adjusted EBITDA was $366 million. Diluted earnings per share were $1.24, or $1.59 on a non-GAAP basis. Net bookings were $2.2 billion, resulting in a backlog of $34.7 billion, up 4% year-over-year.
Revenues of $3.6 billion, up 4% year-over-year
Net Income of $172 million; Adjusted EBITDA of $366 million
Diluted Earnings per Share of $1.24, or $1.59 on a non-GAAP basis
Backlog of $34.7 billion up 4% year-over-year
Leidos
Leidos
Leidos Revenue by Segment
Forward Guidance
Leidos is maintaining its fiscal year 2022 guidance as follows: Revenues (billions) $13.9 - $14.3, Adjusted EBITDA Margin 10.3% - 10.5%, Non-GAAP Diluted EPS $6.10 - $6.50, Cash Flows Provided by Operating Activities (billions) at or above $1.0.