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01.05.25 - 13:36
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Leonardo DRS Announces Financial Results for First Quarter 2025 (Business Wire)
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Revenue: $799 million, up 16% year-over-year
Net Earnings: $50 million, up 72% year-over-year
Adjusted EBITDA: $82 million, up 17% year-over-year
Diluted EPS: $0.19, up 73% year-over-year
Adjusted Diluted EPS: $0.20, up 43% year-over-year
Bookings: $1 billion (book-to-bill ratio of 1.2x)
Backlog: $8.6 billion, up 10% year-over-year
Confirms strong 2025 guidance across all metrics
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2025, which ended March 31, 2025.
CEO Commentary
“Our first quarter 2025 financial results exceeded our expectations and reflect a solid start to the year. Our differentiated portfolio continues to exhibit strong customer demand, which is also translating into healthy organic revenue growth. Additionally, in the quarter we drove improved profitability and reduced free cash flow usage compared to last year. Amidst a more dynamic operating environment, we re...
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02.04.25 - 14:06
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Leonardo DRS Schedules First Quarter 2025 Earnings Conference Call for May 1, 2025 (Business Wire)
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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Thursday, May 1, 2025 beginning at 10:00 a.m. (ET) to discuss its first quarter 2025 results. The company plans to issue its quarterly earnings press release prior to the conference call.
The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com.
A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain available for 90 days.
About Leonardo DRS
Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanc...
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24.02.25 - 22:03
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Leonardo DRS Receives $45 Million U.S. Navy Investment Commitment to Bolster US Submarine Industrial Base (Business Wire)
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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received a $45 million U.S. Navy Submarine Industrial Base (SIB) investment commitment through contracts with HII's Newport News Shipbuilding. The investment is expected to expand the capabilities of DRS's new, 140,000 square-foot naval propulsion manufacturing facility currently under-construction in Goose Creek, SC, and includes capital equipment and other infrastructure enhancements.
The $45 million SIB investment will serve as a catalyst for a 40,000 square-foot expansion of the facility in support of capabilities critical to current and future U.S. Navy nuclear submarines and aircraft carriers. This investment builds on several Navy funded engineering contracts, including Newport News Shipbuilding, and from General Dynamics Electric Boat previously issued to Leonardo DRS. These contracts, combined with internal investments, will strengthen steam turbine system design, manufacture, integration, and test cap...
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20.02.25 - 13:36
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Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2024 (Business Wire)
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Revenue: $981 million for the fourth quarter and $3.2 billion for the year
Net Earnings: $89 million for the fourth quarter and $213 million for the year
Adjusted EBITDA: $148 million for the fourth quarter and $400 million for the year
Diluted EPS: $0.33 for the fourth quarter and $0.80 for the year
Adjusted Diluted EPS: $0.38 for the fourth quarter and $0.93 for the year
Bookings: $1.3 billion for the fourth quarter and $4.1 billion for the year (book-to-bill ratio of 1.3)
Backlog: $8.5 billion, up 10% from prior year
Formalizes 2025 guidance
Board of Directors declares a cash dividend and authorizes stock repurchase program
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and full year ended December 31, 2024.
CEO Commentary
“Our 2024 financial results exceeded our expectations. DRS delivered record bookings, mid-teens organic revenue growth, healthy adjusted EBITDA margin ex...
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