Leidos Holdings, Inc. (NYSE:LDOS) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants Stuart Davis - Investor Relations Tom Bell - Chief Executive Officer Chris Cage - Chief Financial Officer Conference Call Participants Mariana Perez Mora - Bank of America Matt Akers - Wells Fargo David Strauss - Barclays Cai von Rumohr - TD Cowen Peter Arment - Baird Jeremy Jason - Citi Ken Herbert - RBC Noah Poponak - Goldman Sachs Operator Greetings. Welcome to Leidos' Second Quarter 2024 Earn ...

The year-over-year upside was driven by increased volumes and higher earned incentives on managed health services and improved cost control across the company. The company recorded a total backlog of $36.49 billion, down from $36.57 billion in the first quarter of 2024. Of this amount, $8.02 billion was funded. Leidos Holdings, Inc.'s (LDOS) second-quarter 2024 adjusted earnings of $2.63 per share beat the Zacks Consensus Estimate of $2.26 by 16.4%. The bottom line also increased 46.1% from $1.80 registered ...

RESTON, Va., July 30, 2024 /PRNewswire/ -- Leidos (NYSE: LDOS), a Fortune 500® innovation company, today announced the appointment of Ron Keesing as chief AI officer. In this role, Keesing will lead Leidos' strategic initiatives advancing Trusted Mission AI solutions and deploying those solutions across all customer missions. Leidos Appoints Ron Keesing as Chief AI OfficerLeidos Appoints Ron Keesing as Chief AI Officer Keesing brings over two decades of pioneering experience in AI, machine learning, and adv ...

Leidos (LDOS) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 16.37%. A quarter ago, it was expected that this security and engineering company would post earnings of $1.65 per share when it actually produced earnings of $2.29, delivering a surprise of 38.79%. Over the last four quart ...

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(1) Year ago acquisition and divestiture revenues reflect revenues from assets subsequently divested. For the three months ended June 30, 2023, Defense Systems segment acquisition and divestiture revenues include the divestiture of an immaterial asset that was completed on October 20, 2023. LEIDOS HOLDINGS, INC. UNAUDITED NON-GAAP FINANCIAL MEASURES [CONTINUED] (in millions, except per share data and margin percentages) The following tables present the reconciliation of non-GAAP operating income, net income ...

Leidos Holdings, Inc. Reports Second Quarter Fiscal Year 2024 Results • Revenues of $4.1 billion, up 8% year-over-year • Net income of $324 million or $2.37 per diluted share • Adjusted EBITDA (non-GAAP) of $559 million (13.5% margin) • Non-GAAP Diluted Earnings per Share of $2.63, up 46% year-over-year • Cash Flows from Operations of $374 million; Free Cash Flow (non-GAAP) of $351 million • Net Bookings of $4.0 billion (book-to-bill ratio of 1.0 for the quarter and 1.1 for trailing twelve months) RESTON, V ...

This five-year task order award establishes the long-term operations and sustainment construct that will expand support from just over 30,000 users to more than 160,000 users, including 14 additional DAFAs to be migrated to DoDNet. Leidos will help ensure the DoDNet environment is secure, scalable, and operational by providing resilient and flexible IT solutions, including cybersecurity support, systems engineering, network architecture and management, and comprehensive technical support. DoDNet is projecte ...

Leidos is a Fortune 500® innovation company rapidly addressing the world's most vexing challenges in national security and health. The company's global workforce of 47,000 collaborates to create smarter technology solutions for customers in heavily regulated industries. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. For more information, visit www.leidos.com. Media contact: Melissa Lee Dueñas (571) 526-6850 [emai ...

Leidos Holdings, Inc. (LDOS) is scheduled to release second-quarter 2024 results on Jul 30, after market close. The Zacks Consensus Estimate for revenues is pegged at $4.01 billion, implying a 4.5% improvement from the year-ago quarter's reported figure. The consensus mark for second-quarter earnings is pegged at $2.26 per share, suggesting a 25.6% surge from $1.85 reported in the prior-year quarter. The bottom-line estimate remained unchanged in the past 60 days. | --- | --- | --- | --- | --- | |-------|-- ...