Record Revenue and Growth
Revenue for the quarter reached nearly $4.37 billion, reflecting a robust organic growth rate of 9.7%. For the year, total revenue grew 7.9% to $16.66 billion, exceeding the high end of prior guidance.
Strong EBITDA Performance
Adjusted EBITDA margin for the year increased by 210 basis points to 12.9%, with a full-year adjusted EBITDA of $2.15 billion.
Successful Capital Deployment
Leidos repurchased $850 million worth of shares in 2024, significantly exceeding the initial commitment.
Significant Contract Wins
Secured key contracts including a $2.6 billion follow-on for TSA logistics software and a $4.1 billion IDIQ for IFPC Enduring Shield Air Defense System.
Strong Book-to-Bill Ratio
Achieved a book-to-bill ratio of 1.7 in the fourth quarter and 1.4 for the year, indicating strong future growth prospects.