Leonardo DRS Announces Financial Results for Third Quarter 2024
Leonardo DRS, Inc. (DRS)
Company Research
Source: Business Wire
Revenue: $812 million, up 16% year-over-yearNet Earnings: $57 million, up 21% year-over-yearAdjusted EBITDA: $100 million, up 22% year-over-yearDiluted EPS: $0.21, up 17% year-over-yearAdjusted Diluted EPS: $0.24, up 20% year-over-yearBookings: $1.1 billion (book-to-bill ratio of 1.3x)Backlog: $8.3 billion, up 75% year-over-yearRaises 2024 guidance across all metricsInitiates preliminary 2025 guidance framework ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2024, which ended September 30, 2024.CEO Commentary“We delivered strong third quarter results, highlighted by robust bookings, mid-teens organic revenue growth, increases to all of our key profit metrics and healthy free cash flow generation. Our strategy, execution focus and steadfast commitment to our customers are driving outcomes that continue to exceed our expectations,” said Bill Lynn, Chairman an
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- 10/30/24 - Beat
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Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- DRS's page on the SEC website