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Sep 30, 2022
Leidos Q3 2022 Earnings Report
Leidos reported revenue growth and earnings exceeding forecast, with record cash flow from operations.
Key Takeaways
Leidos Holdings, Inc. reported a 4% year-over-year increase in revenues to $3.6 billion for the third quarter of fiscal year 2022. Net income was $164 million, with adjusted EBITDA at $372 million. The company also reported record cash flows from operations of $748 million and free cash flow of $721 million.
Revenues increased by 4% year-over-year to $3.6 billion.
Net income reached $164 million; Adjusted EBITDA totaled $372 million.
Diluted Earnings per Share (EPS) was $1.17, or $1.59 on a non-GAAP basis.
Net bookings were $4.1 billion, resulting in a book-to-bill ratio of 1.1.
Revenue by Segment
Forward Guidance
Leidos is updating its fiscal year 2022 guidance as follows: Revenues (billions) $14.2 - $14.4, Adjusted EBITDA Margin 10.3% - 10.5%, Non-GAAP Diluted EPS $6.20 - $6.40, Cash Flows Provided by Operating Activities (billions) at or above $1.0
Positive Outlook
- Revenues (billions) $14.2 - $14.4
- Adjusted EBITDA Margin 10.3% - 10.5%
- Non-GAAP Diluted EPS $6.20 - $6.40
- Cash Flows Provided by Operating Activities (billions) at or above $1.0
Historical Earnings Impact
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Avg. Return Before/After Earnings
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