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Jun 30, 2023
Leidos Q2 2023 Earnings Report
Leidos reported record revenues and adjusted EBITDA, driven by increased demand across all customer segments.
Key Takeaways
Leidos Holdings, Inc. reported strong second quarter results with a 7% year-over-year increase in revenues, reaching $3.8 billion. Net income increased by 22% to $210 million, and adjusted EBITDA rose by 15% to $420 million. The company is updating its fiscal year 2023 guidance.
Revenues increased by 7% year-over-year to $3.8 billion.
Net income was $210 million (5.5% margin); Adjusted EBITDA was $420 million (10.9% margin).
Diluted Earnings per Share were $1.50, or $1.80 on a non-GAAP basis.
Net bookings totaled $2.9 billion, representing a book-to-bill ratio of 0.8.
Revenue by Segment
Forward Guidance
Leidos is updating its fiscal year 2023 guidance as follows: Revenues (billions) $14.9 - $15.2, Adjusted EBITDA Margin 10.1% - 10.5%, Non-GAAP Diluted EPS $6.40 - $6.80, Cash Flows Provided by Operating Activities (millions) at or above $700.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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