Leonardo DRS reports Q4 adjusted EPS 38c, consensus 35c

Reports Q4 revenue $981M, consensus $942.17M. “Our 2024 financial results exceeded our expectations. DRS delivered record bookings, mid-teens organic revenue growth, healthy adjusted EBITDA margin expansion and solid free cash flow generation. The DRS team’s focus on our customers and helping address their most challenging missions continues to generate remarkable outcomes for our shareholders. Our outstanding people, our agility and innovation combined with our differentiated technologies are foundational to both our growth and market leadership. We remain strategically focused on capitalizing on our momentum to drive continued growth,” said Bill Lynn, chairman and CEO of Leonardo DRS (DRS).