分组1 - Leonardo DRS, Inc. reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 5.56% [1] - The company achieved revenues of $981 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.07%, compared to $926 million in the same quarter last year [2] - Over the last four quarters, Leonardo DRS has consistently surpassed consensus EPS and revenue estimates [2] 分组2 - The stock has underperformed, losing about 8.6% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $756.87 million, and for the current fiscal year, it is $1.07 on revenues of $3.43 billion [7] - The Aerospace - Defense Equipment industry is currently ranked in the bottom 49% of over 250 Zacks industries, which may impact the stock's performance [8]

Financial Performance - Revenue for Q4 2024 was $981 million, a 6% increase from Q4 2023, and full year revenue reached $3.234 billion, up 14% year-over-year[4]. - Net earnings for Q4 2024 were $89 million, a 20% increase compared to Q4 2023, with full year net earnings of $213 million, reflecting a 27% growth[4]. - Adjusted EBITDA for Q4 2024 was $148 million, a 13% increase from Q4 2023, and full year adjusted EBITDA was $400 million, up 23% year-over-year[4]. - Gross profit for the year ended December 31, 2024, was $736 million, up 13.5% from $648 million in 2023[31]. - Net earnings for the year increased to $213 million, representing a 26.8% rise from $168 million in 2023[31]. - Basic earnings per share rose to $0.81 for the year, compared to $0.64 in 2023, marking a 26.6% increase[31]. - Adjusted Net Earnings for the twelve months ended December 31, 2024, reached $249 million, compared to $194 million in 2023, reflecting a 28.4% increase[43]. - Diluted EPS for the twelve months ended December 31, 2024, was $0.80, up from $0.64 in 2023, marking a 25% increase[43]. Bookings and Backlog - Bookings for Q4 2024 totaled $1.27 billion, with a book-to-bill ratio of 1.3, and full year bookings reached $4.077 billion, also with a ratio of 1.3[14]. - The backlog at year-end 2024 was $8.5 billion, representing a 10% increase from the previous year[6]. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the year was $271 million, compared to $205 million in 2023, indicating a 32.1% increase[36]. - Free Cash Flow for Q4 2024 was $416 million, down from $494 million in Q4 2023, indicating a decrease of 15.8%[45]. - The company reported a net cash provided by operating activities of $443 million for Q4 2024, compared to $515 million in Q4 2023, a decrease of 13.9%[45]. - Capital expenditures for the year totaled $85 million, up from $60 million in 2023, representing a 41.7% increase[36]. - Capital expenditures for the twelve months ended December 31, 2024, totaled $85 million, an increase from $60 million in 2023, representing a 41.7% rise[45]. Assets and Liabilities - Total assets as of December 31, 2024, were $4,184 million, up from $3,921 million in 2023, reflecting a 6.7% growth[34]. - Cash and cash equivalents increased to $598 million from $467 million, a 27.9% increase year-over-year[34]. - The company reported a decrease in long-term debt to $340 million from $349 million, a reduction of 2.6%[34]. - Contract liabilities increased to $399 million from $335 million, reflecting a 19.1% rise year-over-year[34]. Segment Performance - The Advanced Sensing and Computing segment reported revenues of $660 million for Q4 2024, a 9% increase from Q4 2023, and $2.118 billion for the full year, up 16%[16]. - The Integrated Mission Systems segment achieved adjusted EBITDA margin growth to 14.1% in Q4 2024, a 290 basis points increase from the prior year[18]. Dividends and Stock Repurchase - A cash dividend of $0.09 per common share was declared, payable on March 27, 2025[12]. - A stock repurchase program was authorized for up to $75 million of common stock, commencing in March 2025[13]. Other Financial Metrics - The income tax provision for Q4 2024 was $22 million, slightly up from $21 million in Q4 2023, indicating a 4.8% increase[41]. - Restructuring costs for the twelve months ended December 31, 2024, were $8 million, down from $11 million in 2023, showing a decrease of 27.3%[41]. - The company experienced a decrease in interest expense, which fell to $4 million in Q4 2024 from $9 million in Q4 2023, a reduction of 55.6%[41].

Core Viewpoint - Leonardo DRS, Inc. is positioned as a strong investment opportunity within the Zacks Aerospace Defense Equipment industry due to its robust backlog, increasing earnings estimates, and effective debt management [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for DRS' 2025 earnings per share (EPS) has risen by 0.9% to $1.07 per share over the past 60 days [2] - Total revenue for DRS in 2025 is projected at $3.43 billion, reflecting a year-over-year growth of 7.4% [2] - The company's long-term earnings growth rate is estimated at 21.2%, with an average earnings surprise of 22.27% over the last four quarters [2] Debt Position - DRS has a total debt to capital ratio of 12.92%, significantly lower than the industry average of 54.03% [3] - The times interest earned (TIE) ratio for DRS at the end of Q3 2024 was 10.5, indicating strong capability to meet interest obligations [3] Liquidity - The current ratio for DRS at the end of Q3 2024 was 2.11, surpassing the industry average of 1.43, demonstrating the company's ability to cover short-term liabilities [4] Rising Backlog - DRS' total backlog as of September 30, 2024, increased by 75.1% to $8.26 billion compared to the same quarter last year, primarily driven by a multi-boat contract with the U.S. Navy for electric propulsion activities on the Columbia Class submarine program [5] Stock Price Performance - Over the past six months, DRS shares have increased by 27.2%, outperforming the industry's growth of 18.4% [6]

Company Performance - Leonardo DRS, Inc. has returned 72% year-to-date, significantly outperforming the average return of 2.3% for Aerospace companies [4] - The Zacks Consensus Estimate for DRS' full-year earnings has increased by 8.6% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [4] - Leonardo DRS, Inc. currently holds a Zacks Rank of 1 (Strong Buy), reflecting its favorable characteristics for outperforming the market [3] Industry Context - Leonardo DRS, Inc. is part of the Aerospace - Defense Equipment industry, which includes 23 companies and has gained approximately 32.6% year-to-date [6] - The Aerospace sector, which includes 46 individual stocks, currently holds a Zacks Sector Rank of 6, indicating its relative performance compared to other sectors [2] - Another notable performer in the Aerospace sector is Mercury Systems (MRCY), which has increased by 9.4% year-to-date and has a Zacks Rank of 2 (Buy) [5][6]

Company Overview - Leonardo DRS, Inc. currently holds a Momentum Style Score of B, indicating potential for strong performance in the momentum investing strategy [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical track record of outperforming the market [4] Price Performance - Over the past week, shares of DRS have increased by 19.11%, significantly outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 4.86% during the same period [6] - In a longer time frame, DRS shares have gained 22.34% over the past quarter and 85.97% over the last year, while the S&P 500 has only increased by 9.45% and 33.9%, respectively [7] Trading Volume - The average 20-day trading volume for DRS is currently 719,897 shares, which serves as a useful baseline for assessing price movements [8] Earnings Outlook - In the past two months, four earnings estimates for DRS have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.84 to $0.90 [10] - For the next fiscal year, four estimates have also moved upwards without any downward revisions, indicating positive sentiment regarding future earnings [10]

Growth stock Leonardo DRS, Inc. (NASDAQ: DRS ) has had a year of rapidly rising share prices, a whopping 79.59%. And that obviously leads to the question: Will it continue to grow profitably or will this uptrendRobert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident o ...

November has traditionally been one of the best months for stocks. This year, it won’t be any different. Interest rate cuts and a rise in consumer outlays may trounce short-term gyrations in the stock market due to the upcoming presidential election. Thus, investors should capitalize on the positive trend by investing in earnings acceleration stocks.This is because studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price. To that end, stocks li ...

Leonardo DRS, Inc. (DRS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.S ...

Leonardo DRS, Inc. (NASDAQ:DRS) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Steve Vather - Senior Vice President, Investor Relations and Corporate Finance Bill Lynn - Chairman and Chief Executive Officer Mike Dippold - Chief Financial Officer Conference Call Participants Peter Arment - Baird Robert Stallard - Vertical Research Michael Ciarmoli - Truist Securities Seth Seifman - JP Morgan Ron Epstein - Bank of America Operator Ladies and gentlemen, good day, and welcome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------------|------------------------------------------| | For the transition period from _______ ...