Leonardo Drs, Inc. ( (DRS) ) has released its Q1 earnings. Here is a breakdown of the information Leonardo Drs, Inc. presented to its investors.
Leonardo DRS, Inc., headquartered in Arlington, VA, is a prominent provider of advanced defense technologies, specializing in areas such as advanced sensing, network computing, and electric power and propulsion systems for U.S. national security and allied customers worldwide.
In its first quarter of 2025, Leonardo DRS reported impressive financial results, with significant growth across key metrics. The company achieved a revenue of $799 million, marking a 16% increase year-over-year, alongside net earnings of $50 million, which rose by 72% compared to the previous year.
The company also reported an adjusted EBITDA of $82 million, reflecting a 17% increase, and a diluted EPS of $0.19, up by 73%. Bookings reached $1 billion, with a book-to-bill ratio of 1.2x, and the backlog grew to $8.6 billion, a 10% increase year-over-year. These results were driven by strong demand for its advanced technologies, particularly in ground and naval network computing, tactical radars, and electric power systems.
Leonardo DRS’s strategic focus on operational efficiency and customer demand translated into improved profitability and reduced cash flow usage. The company maintained a robust balance sheet with $380 million in cash and $200 million in borrowings, ensuring financial flexibility for growth and shareholder returns.
Looking ahead, Leonardo DRS remains committed to executing its strategic initiatives and meeting its 2025 guidance, which includes projected revenues between $3.425 billion and $3.525 billion, and adjusted diluted EPS between $1.02 and $1.08. The company continues to monitor potential impacts from economic policies and remains focused on delivering value to its shareholders and customers.