Leidos Q3 2020 Earnings Report
Key Takeaways
Leidos Holdings, Inc. reported a 14.4% increase in revenue, reaching $3.24 billion for the third quarter of fiscal year 2020. Diluted earnings per share were $1.13, and non-GAAP diluted earnings per share were $1.47. The company's net bookings totaled $4.3 billion, resulting in a book-to-bill ratio of 1.3. Cash flows from operations were $592 million.
Revenues increased by 14.4% year-over-year, reaching $3.24 billion.
Diluted Earnings per Share were $1.13; Non-GAAP Diluted Earnings per Share were $1.47.
Net Bookings totaled $4.3 billion, with a book-to-bill ratio of 1.3.
Cash Flows from Operations reached $592 million.
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Leidos Revenue by Segment
Forward Guidance
Leidos is revising its fiscal year 2020 guidance as follows: Revenues of $12.3 billion to $12.5 billion; Adjusted EBITDA margins of 10.6% to 10.8%; Non-GAAP diluted EPS of $5.65 to $5.85; and Cash flows provided by operating activities at or above $1.2 billion.