Leonardo DRS, Inc. (NASDAQ:DRS) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET Company Participants Steve Vather - SVP, IR & Corporate Finance Bill Lynn - Chairman & CEO Mike Dippold - CFO Conference Call Participants Peter Arment - Baird Robert Stallard - Vertical Research Seth Seifman - JPMorgan Mariana Perez Mora - Bank of America Samuel Struhsaker - Truist Securities Jonathan Tanwanteng - CJS Securities Operator Ladies and gentlemen, good day, and welcome to Leonardo DRS First Quarter Fiscal Y ...

米 LEONARDO DRS Q1 | 2024 Disclaimers In this presentation, when using the terms the "company," "DRS," "we," "us" and "our," unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," ...

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 March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-41565 Leonardo DRS, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Inc ...

Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.31, delivering a surprise of 3.33%.Over the last four quarters, the company ...

Leonardo DRS Announces Financial Results for First Quarter 2024 ARLINGTON, Va., (BUSINESS WIRE) May 1, 2024 — Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2024, which ended March 31, 2024. CEO Commentary "Leonardo DRS delivered exceptional first quarter 2024 results, highlighted by solid bookings, robust double- digit organic growth, significant profit growth and margin expansion. This incredible start to the ye ...

There’s a general understanding among most financial analysts that defense companies provide significant portfolio stability during recessions. Indeed, these companies, especially defense companies with no commercial exposure, dip directly into the coffers of their countries’ governments. Thus, they are less subject to rising inflation costs and falling consumer spending. However, these bullish perceptions evaporate with significant changes in government, leading to overvalued defense stocks to sell before ...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, hosted its first investor day since its return to the public markets in November 2022. The event featured presentations from members of the executive leadership team who detailed the company’s differentiated portfolio, strategic priorities, operations and growth outlook. During the presentation, the company issued the following: Reaffirmation of 2024 guidance previously issued on Februa ...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, will host its investor day in-person in New York and via webcast with financial analysts and institutional investors today, March 14, 2024, beginning at 9:00 a.m. E.T. and concluding at approximately 11:45 a.m. E.T. During the event, the Leonardo DRS management team will discuss the company’s differentiated portfolio, strategic priorities, operations and growth outlook. Prepared remarks w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 8-K ____________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2024 ____________________________________ LEONARDO DRS, INC. (Exact name of registrant as specified in its charter) ____________________________________ Delaware 001-41565 13-2632319 (State of Incorporation) (Co ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...