Leidos Q3 2021 Earnings Report
Key Takeaways
Leidos Holdings, Inc. reported financial results for the third quarter of fiscal year 2021, with revenues of $3.5 billion, up 7% year-over-year. Net income was $208 million, and adjusted EBITDA was $403 million. Diluted earnings per share were $1.43, or $1.80 on a non-GAAP basis. Net bookings of $4.7 billion resulted in a record backlog of $34.7 billion.
Revenues of $3.5 billion, up 7% year-over-year
Net Income of $208 million; Adjusted EBITDA of $403 million
Diluted Earnings per Share of $1.43, or $1.80 on a non-GAAP basis
Net Bookings of $4.7 billion (book-to-bill ratio of 1.4) drive record backlog of $34.7 billion
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Leidos Revenue by Segment
Forward Guidance
Leidos is updating its fiscal year 2021 guidance as follows: Revenues (billions) $13.7 - $13.9, Adjusted EBITDA Margin 10.9% - 11.1%, Non-GAAP Diluted EPS $6.55 - $6.75, Cash Flows Provided by Operating Activities (millions) at or above $875