The earnings call highlighted strong financial performance and strategic initiatives, such as joint ventures, but also pointed out significant challenges in the Aerostructures and Space Telco segments. Despite these challenges, the company is maintaining its guidance for the year.
Company Guidance
During the Q3 2024 earnings call, Leonardo S.p.A. provided guidance on several key metrics, reflecting robust performance across various divisions despite certain exogenous challenges. The company reported an 8% increase in new orders, a 12% rise in revenues, and a 15% growth in EBITA, reaching EUR 766 million. The return on sales improved by 0.1%, and free operating cash flow increased by 13.7%, while net debt was reduced by 19%. Although Leonardo considered raising its guidance due to these promising numbers, it decided to maintain the current guidance for 2024, primarily due to external factors impacting the Aerostructures division and the Space Telco business. The company remains optimistic, with a strong backlog and continued demand across its defense and security business lines, supported by strategic international alliances and efficiency plans.
Strong Financial Performance
New orders grew by almost 8%, revenues by 12%, EBITA by 15%, and free operating cash flow increased by 13.7%. Net debt was reduced by 19%.
Helicopters and Cybersecurity Growth
Helicopters saw a 15% increase in orders and a 13% increase in revenues. Cybersecurity orders increased by 21% and revenues by 11%.
Strategic Joint Ventures
Creation of joint ventures with Rheinmetall and progress on the GCAP joint venture; both initiatives are aimed at enhancing capabilities and market reach.
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Leonardo SpA (FINMY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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FINMY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$12.54
$13.16
+4.94%
Jul 30, 2024
$12.03
$12.23
+1.66%
May 07, 2024
$12.01
$11.47
-4.50%
Feb 29, 2024
$10.55
$10.60
+0.47%
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.
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FAQ
When does Leonardo SpA (FINMY) report earnings?
Leonardo SpA (FINMY) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Leonardo SpA (FINMY) earnings time?
Leonardo SpA (FINMY) earnings time is at Mar 12, 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.