Financial Data and Key Metrics Changes - For the full year, revenue growth was 7%, non-GAAP diluted EPS growth was 11%, and operating cash flow growth was 17% [60][61][75] - In Q4, revenues reached $3.98 billion, with an adjusted EBITDA margin of 11.4% and non-GAAP diluted EPS of $1.99, reflecting a 9% year-over-year increase [111][112] Business Line Data and Key Metrics Changes - Health segment revenues increased by 17% year-over-year, surpassing $3 billion, driven by strong program execution and increased volumes [88][130] - Civil revenues grew by 2% compared to the prior year quarter, primarily due to infrastructure spending by the FAA [88] - Defense Solutions revenues rose by 7%, supported by digital modernization and hypersonics programs [113] Market Data and Key Metrics Changes - The company anticipates a 3% to 4% increase in Defense budgets over time, indicating a stable outlook for defense spending [101] - The Health and Civil segment generated $4.2 billion in revenues, up 7% year-over-year, with a non-GAAP operating income margin of 14.5% [96] Company Strategy and Development Direction - The company is focusing on business capture and enhancing its employee value proposition to attract top talent [63][65] - A new branding campaign, "Making Smart Smarter," aims to improve brand recognition and highlight the company's unique capabilities [80][82] - The company is committed to long-term margin expansion and expects to exceed previous financial commitments [69][118] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate funding uncertainties and maintain strong customer demand [127][190] - The company is preparing for potential growth in the Health segment, particularly in disability examinations, while remaining cautious about overall revenue growth due to budget uncertainties [130][190] Other Important Information - The company repurchased over $200 million worth of shares in Q4 2023 and paid $51 million in dividends, maintaining a strong balance sheet with $777 million in cash [61][91] - The company expects to guide non-GAAP diluted EPS between $7.50 and $7.90 for 2024, reflecting a conservative outlook amid budget uncertainties [93][117] Q&A Session Summary Question: What are the assumptions in the outlook related to the DOD budget? - Management indicated that the 2024 guidance is conservative due to funding uncertainties on Capitol Hill, not assuming growth in the Defense budget this year [127] Question: Can you elaborate on the Health segment's performance? - The Health segment has shown significant outperformance, with expectations for continued growth driven by strong program execution and increased volumes [130] Question: What are the margin expansion opportunities in the National Security segment? - Management highlighted the potential for margin expansion in the National Security and Digital segment, particularly through digital modernization efforts [135] Question: How does the company view the hypersonics market? - Management expressed optimism about the hypersonics market, noting strong customer demand and the company's positioning to capitalize on this growth [138][160] Question: What is the company's stance on M&A in 2024? - M&A is not a priority for 2024, with a focus on other cash deployments [175] Question: How is the Civil margin expected to trend in 2024? - Management indicated that the Civil margin is expected to stabilize, with a focus on improving profitability through better program execution [177]

Leidos Holdings, Inc.’s (LDOS) fourth-quarter 2023 adjusted earnings of $1.99 per share beat the Zacks Consensus Estimate of $1.73 by 15%. The bottom line also increased 8.7% from $1.83 registered in the prior-year quarter.The year-over-year upside was driven by an improved program execution and reduced indirect spending across the company as well as increased volumes and higher incentive awards in the medical examination business.The company reported GAAP earnings of $1.66 per share, up from the prior-year ...

Leidos (LDOS) reported $3.98 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.7%. EPS of $1.99 for the same period compares to $1.83 a year ago.The reported revenue represents a surprise of +4.99% over the Zacks Consensus Estimate of $3.79 billion. With the consensus EPS estimate being $1.73, the EPS surprise was +15.03%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Leidos (LDOS) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.03%. A quarter ago, it was expected that this security and engineering company would post earnings of $1.64 per share when it actually produced earnings of $2.03, delivering a surprise of 23.78%.Over the last four quarte ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|---------------------------|-------------------------------|-------|----------------------------------------|-------|------------------------------|-------------------------------|---------------------------|---------------------------------| | | | | | | | | | | | | RECAST OF SELECTED SEGMENT FINANCIALS | | | | | | | | | | | | | | | | | | | | | | | | | | | | Y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2023 or ☐ 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 001-33072 Leidos Holdings, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seas ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What a ...

RESTON, Va., Feb. 8, 2024 /PRNewswire/ -- Leidos (NYSE: LDOS), a Fortune 500® innovation company, and Sourcegraph, the leading code intelligence platform, today announced an exclusive alliance to introduce secure, generative AI-enabled software development tools to government customers. "Fireside chat" featuring (L-R) Paul Burnette, Quinn Slack and Ron Keesing during the Leidos and Sourcegraph Alliance Launch event at the Leidos global headquarters on February 6, 2024. Sourcegraph Inc. is a company deve ...

Leidos Holdings, Inc. (LDOS) is scheduled to report fourth-quarter and full-year 2023 results on Feb 13, before market open.  Leidos has a four-quarter average earnings surprise of 11.51%. Strong revenue performance across the majority of its business segments is likely to have contributed to the overall performance of the company in the fourth quarter. However, higher interest expenses might have hurt earnings.Defense Solution’s Performance May Remain SolidIncreased sales volumes for defensive hypersonics ...

The upcoming report from Leidos (LDOS) is expected to reveal quarterly earnings of $1.73 per share, indicating a decline of 5.5% compared to the year-ago period. Analysts forecast revenues of $3.79 billion, representing an increase of 2.5% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital ...