Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Leonardo DRS (DRS)
NASDAQ:DRS
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 9.86%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record bookings, revenue growth, and significant investment in future capabilities. However, challenges such as potential program timing issues, new administration policies, and material supply chain risks were noted. The overall sentiment is positive, with a strong outlook for 2025.Company Guidance
During the Leonardo DRS Fourth Quarter Fiscal Year 2024 Earnings Conference Call, the company provided guidance reflecting robust financial performance and strategic investments aimed at future growth. For fiscal year 2024, Leonardo DRS reported record bookings and a book-to-bill ratio of 1.3, with over $4 billion in contract awards. The company achieved mid-teens organic revenue growth of 14%, a 23% increase in adjusted EBITDA, and a 90 basis points expansion in margins, resulting in $981 million in revenue for the fourth quarter and $3.2 billion for the year. Free cash flow generation was $190 million, in line with the targeted conversion rate of approximately 80% of adjusted net earnings. Looking forward to 2025, Leonardo DRS anticipates revenue growth between 6% and 9%, with projected revenues ranging from $3.425 billion to $3.525 billion and adjusted EBITDA expected between $435 million and $455 million. The company plans to increase R&D and capital expenditures by approximately 25% year over year, focusing on areas such as advanced sensing, directed energy capabilities, and electric power and propulsion, supported by its strong backlog of $8.5 billion. Additionally, Leonardo DRS announced a new capital return program, including a cash dividend of $0.09 per share and a $75 million share buyback authorization over the next two years, highlighting a more balanced capital allocation strategy.Record Bookings and Revenue Growth
Leonardo DRS delivered record bookings with over $4 billion in contract awards, leading to a 1.3 book-to-bill ratio and 14% revenue growth in 2024.
Adjusted EBITDA and Margin Expansion
The company achieved 23% adjusted EBITDA growth with a 90 basis point margin expansion, reflecting strong program execution and operational leverage.
International Revenue Growth
International business grew to 13% of total revenue, marking the fourth consecutive year of increased international sales.
Investment in Future Growth
Leonardo DRS increased investment in R&D and CapEx by approximately 25% year over year, with plans to further increase in 2025.
Backlog and Future Outlook
The company ended 2024 with a record $8.5 billion backlog, providing visibility for continued growth and margin expansion into 2025.
New Capital Deployment Strategy
Leonardo DRS announced a balanced capital allocation approach, including a cash dividend of $0.09 per share and a $75 million share buyback authorization.
---
DRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
DRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $28.40 | $31.64 | +11.41% |
| Jul 30, 2024 | $28.20 | $28.00 | -0.71% |
| May 01, 2024 | $21.52 | $20.52 | -4.65% |
| Feb 27, 2024 | $21.09 | $22.93 | +8.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Leonardo DRS (DRS) report earnings?
Leonardo DRS (DRS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Leonardo DRS (DRS) earnings time?
Leonardo DRS (DRS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DRS EPS forecast?
DRS EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
---