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Leonardo DRS (DRS)
NASDAQ:DRS
Holding DRS?
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 16.13%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue growth, improved profitability, and robust bookings. The company showcased successful product innovations and increased its financial outlook for 2024. However, there are ongoing supply chain challenges and potential risks related to the Columbia class program. Overall, the positive aspects significantly outweigh the negative concerns.Company Guidance
During the Leonardo DRS Q3 2024 earnings call, the company provided optimistic guidance for the year, reflecting strong financial performance and strategic positioning. They reported a book-to-bill ratio of 1.3, with $1.1 billion in Q3 bookings, contributing to a 16% year-over-year revenue growth. Adjusted EBITDA increased by 22%, with a 60 basis point margin expansion, while adjusted diluted EPS rose by 20%. The company revised its 2024 guidance, anticipating 11% to 13% revenue growth, bringing the range to $3.15 billion to $3.20 billion. Adjusted EBITDA is expected to be between $387 million and $397 million, with adjusted diluted EPS projected at $0.88 to $0.91. For 2025, preliminary guidance suggests 5% to 8% revenue growth, maintaining a focus on strategic areas such as advanced sensing and naval power, amidst expectations of a robust defense investment environment.Strong Revenue Growth
Quarterly revenue growth was 16% over last year, with impressive customer demand and favorable timing contributing to the increase. ASC revenue was up 24% year-over-year, and IMS revenue increased by 3%.
Improved Profitability
Adjusted EBITDA grew by 22%, with a margin expansion of 60 basis points. Adjusted diluted EPS increased by 20% year-over-year.
Robust Bookings and Backlog
The company achieved a book-to-bill ratio of 1.3, with $1.1 billion in bookings for Q3. Backlog increased on both a year-over-year and sequential basis.
Successful Product Development and Innovation
DRS unveiled a directed energy counter drone capability and advanced AI integration into sensing solutions. They also secured new contracts, including a $235 million production contract for naval radars.
Positive Financial Outlook
The company increased its 2024 guidance, anticipating 11% to 13% year-over-year revenue growth. Adjusted EBITDA range is now $387 million to $397 million, with adjusted diluted EPS expected between $0.88 and $0.91.
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DRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $28.40 | $31.64 | +11.41% |
| Jul 30, 2024 | $28.20 | $28.00 | -0.71% |
| May 01, 2024 | $21.52 | $20.52 | -4.65% |
| Feb 27, 2024 | $21.09 | $22.93 | +8.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Leonardo DRS (DRS) report earnings?
Leonardo DRS (DRS) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Leonardo DRS (DRS) earnings time?
Leonardo DRS (DRS) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRS EPS forecast?
DRS EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
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