Leonardo Drs, Inc. ( (DRS) ) has released its Q3 earnings. Here is a breakdown of the information Leonardo Drs, Inc. presented to its investors.
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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 for U.S. national security and allied forces globally.
In its third-quarter earnings report for 2025, Leonardo DRS announced significant financial growth, highlighted by an 18% increase in revenue to $960 million and a 26% rise in net earnings to $72 million compared to the previous year. The company also reported a strong bookings performance with $1.3 billion secured, resulting in a book-to-bill ratio of 1.4x.
Key financial metrics showed robust performance, with Adjusted EBITDA rising by 17% to $117 million and Adjusted Diluted EPS increasing by 21% to $0.29. The company’s backlog reached $8.9 billion, an 8% increase year-over-year, reflecting sustained demand for its defense technology offerings. The company also declared a $0.09 cash dividend per share, payable in December 2025.
Leonardo DRS’s strategic investments included a $15 million increase in its stake in Hoverfly Technologies, enhancing its capabilities in unmanned aerial systems. The company revised its 2025 guidance slightly upwards for revenue and Adjusted Diluted EPS, indicating confidence in continued growth.
Looking ahead, Leonardo DRS remains focused on executing its strategic initiatives, with management expressing optimism about achieving double-digit revenue growth and meeting financial commitments for the year. The company continues to prioritize strengthening its supply chain and program execution to capitalize on market opportunities.