Leidos Holdings Inc ( (LDOS) ) has released its Q4 earnings. Here is a breakdown of the information Leidos Holdings Inc presented to its investors.
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Leidos Holdings Inc., a prominent player in government and commercial sectors, specializes in providing technology and engineering services, with a focus on digital and mission innovations. Headquartered in Reston, Virginia, Leidos employs around 48,000 people globally.
Leidos Holdings Inc. reported a strong financial performance for the fourth quarter and fiscal year 2024, showcasing significant growth across various financial metrics. The company achieved notable revenue growth, increased earnings per share, and solid cash flow generation, aligning with its strategic goals.
Key highlights from the report include a 10% year-over-year revenue increase for the fourth quarter to $4.4 billion and an 8% rise for the fiscal year to $16.7 billion. The company also reported a substantial rise in diluted earnings per share, which surged by 28% to $2.12 in the fourth quarter and by 540% to $9.22 for the fiscal year. Additionally, Leidos achieved a backlog of $43.6 billion, underscoring its robust business development efforts.
Leidos’ strong financial results were driven by increased volumes in managed health services and improved cost control measures. Strategic contract wins, such as those with the Veterans Benefits Administration and Transportation Security Administration, further bolstered the company’s position in key markets.
Looking ahead, Leidos has set an optimistic outlook for 2025, anticipating continued growth in revenues, non-GAAP earnings per share, and operating cash flows. The company is well-positioned to navigate the dynamic market environment with its technology-driven strategy and strong business fundamentals.
