Leonardo DRS Reports Strong 2024 Financial Growth

Leonardo Drs, Inc. ( (DRS) ) has released its Q4 earnings. Here is a breakdown of the information Leonardo Drs, Inc. presented to its investors.

Leonardo DRS, Inc., an Arlington, VA-based company, is a prominent provider of advanced defense technologies, specializing in areas such as advanced sensing, network computing, and electric power and propulsion for national security customers globally.

Leonardo DRS reported strong financial results for the fourth quarter and fiscal year 2024, with significant revenue and earnings growth. The company highlighted record bookings and substantial backlog increases, indicating robust demand for its defense technologies.

Key financial metrics include a fourth-quarter revenue of $981 million, a 6% increase year-over-year, and full-year revenue of $3.2 billion, marking a 14% rise. Net earnings for the year surged by 27% to $213 million, with adjusted EBITDA growing by 23% to $400 million. The company’s bookings reached $4.1 billion for the year, reflecting a healthy book-to-bill ratio of 1.3.

The company announced its 2025 financial guidance, anticipating continued revenue and earnings growth. Additionally, the board declared a cash dividend and approved a stock repurchase program, underscoring confidence in its financial health and future prospects.

Looking ahead, Leonardo DRS remains focused on leveraging its technological innovations and market position to sustain its growth trajectory, as emphasized by the management’s positive outlook for 2025 and beyond.