Core Points - Leidos has promoted Jason Albanese to corporate executive vice president and chief growth officer, effective March 3, 2025, succeeding Gerry Fasano who will retire on April 4, 2025 [1][2] - Albanese has a strong background in growth, business development, program management, and engineering, having joined Leidos in 2017 after the merger with Lockheed Martin [3] - The company reported record financial performance for 2024, including its best fourth quarter book-to-bill ratio, indicating strong demand for its solutions [2] Company Overview - Leidos is a leader in industry and technology, serving government and commercial customers with innovative digital and mission solutions [4] - The company is headquartered in Reston, Virginia, and has approximately 48,000 global employees [4] - Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025 [4] Strategic Direction - Albanese will be instrumental in implementing the company's new NorthStar 2030 strategy, which focuses on specific growth pillars aligned with customer needs and market profitability [2] - The strategy aims to differentiate Leidos as a trusted partner, enhancing customer outcomes [2]

Leidos Holdings, Inc. (LDOS) , with rising earnings estimates, robust ROE and a solid backlog, offers a great investment opportunity in the Zacks Aerospace Defense industry.Let’s focus on the reasons that make this Zacks Rank #2 (Buy) stock an attractive investment pick at the moment.Growth Projections & Surprise History of LDOS The Zacks Consensus Estimate for Leidos’ 2025 earnings per share (EPS) has increased 1.2% to $10.44 in the past 60 days. The Zacks Consensus Estimate for the company’s total revenue ...

Group 1 - Leidos (LDOS) has experienced a significant decline of 15.8% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for LDOS is currently at 29.2, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] - There is a strong consensus among Wall Street analysts that LDOS will report better earnings than previously predicted, with a 3.2% increase in the consensus EPS estimate over the last 30 days [6] Group 2 - The Zacks Rank for LDOS is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating a strong potential for a turnaround in the near term [7]

Leidos (LDOS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- 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.Since a changing earning ...

RESTON, Va., Feb. 13, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) ("Holdings"), today announced its wholly-owned subsidiary, Leidos, Inc. ("Leidos"), has commenced an offer to purchase for cash (the "Tender Offer") any and all of its outstanding 3.625% Senior Notes due 2025 (the "2025 Notes"). The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase, dated as of February 13, 2025 (the "Offer to Purchase") and the related notice of guara ...

Leidos Holdings Inc. (LDOS) posted impressive fourth-quarter 2024 results. Both its top and bottom-line figures comfortably surpassed their respective Zacks Consensus Estimate. On a year-over-year basis, LDOS’ revenues and earnings also reflected solid growth trends.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.While increased demand from all of LDOS’ customer segments, especially managed health services, boosted the company’s top-line performance, improved program execution, alon ...

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 January 3, 2025 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) (State or other jurisdiction of incorporation or organization) ...

Financial Data and Key Metrics Changes - Leidos reported Q4 2024 revenue of nearly $4.37 billion, reflecting a robust organic growth rate of 9.7% [43] - Total revenue for the year grew 7.9% to $16.66 billion, exceeding prior guidance by $212 million [44] - Adjusted EBITDA for Q4 was $508 million, with an adjusted EBITDA margin of 11.6%, up 20 basis points year-over-year [44] - For the full year, adjusted EBITDA was $2.15 billion, with a margin increase of 210 basis points to 12.9% [45] - Non-GAAP diluted EPS for the year was $10.21, up 40% from 2023 [46] Business Line Data and Key Metrics Changes - National Security and Digital revenue growth accelerated to 5.5%, with a segment operating income margin of 9.7% [48] - Health and Civil revenues increased by 16.4% year-over-year, with a non-GAAP operating margin of 21.6% [50] - Commercial and International revenues rose by 12.3%, with a non-GAAP operating margin of 7.9% [51] - Defense Systems revenues increased by 6.7%, with a non-GAAP operating margin of 3.5% [52] Market Data and Key Metrics Changes - In Q4 2024, Leidos achieved net bookings of $7.6 billion, resulting in a book-to-bill ratio of 1.7%, the highest for a December quarter [33] - The overall book-to-bill ratio for 2024 was 1.4%, with an 18% year-over-year backlog growth [33] Company Strategy and Development Direction - Leidos introduced a new growth strategy called North Star 2030, focusing on growth pillars aligned with customer needs and market profitability [11][12] - The strategy is designed to leverage macro trends and enhance government efficiency, aligning with the new administration's priorities [17][18] - The company aims to expand its capabilities in IT modernization, war-fighting capabilities, and public-private partnerships [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macro uncertainties and highlighted a robust pipeline with $25.6 billion in bids awaiting adjudication [57] - The company anticipates revenue growth of up to 4% in 2025, with adjusted EBITDA margins in the mid- to high 12% range [59] - Management emphasized the importance of maintaining a strong balance sheet and cash flow generation to support growth initiatives [55][61] Other Important Information - Leidos repurchased $406 million worth of shares in Q4, exceeding its annual commitment of $500 million [54] - The company has a leverage ratio of 2.2x gross debt-to-adjusted EBITDA, with plans to refinance a $500 million bond maturing in May [55] Q&A Session Summary Question: Disruption from the new administration - Management noted minimal disruption, with customers adapting to the environment and proceeding with contracting [64][66] Question: Opportunities in border security and IRON DOME - Management highlighted alignment with capabilities in border security and IRON DOME, expressing optimism about growth opportunities [70][72] Question: VBA recompete and its impact - Management expressed confidence in executing the VBA program profitably despite new competition, emphasizing the strength of their growth pillars [78][82] Question: Bookings and growth reacceleration - Management indicated strong bookings in Q4 and expressed optimism for growth in 2025 and beyond, despite potential challenges from a continuing resolution [86][90] Question: Transition of the VBA contract - Management confirmed expectations for continued EBITDA and free cash flow growth during the transition of the VBA contract [114] Question: Guidance on EPS growth - Management acknowledged the impact of certain charges on EPS guidance but emphasized the potential for increased expectations as the year unfolds [120] Question: Increased privatization and competition - Management stated readiness to engage in increased privatization opportunities while maintaining service quality to veterans [126] Question: Growth pillars and competition - Management emphasized focus on differentiated capabilities in growth pillars, welcoming new entrants while maintaining a competitive edge [130][132] Question: Low-margin work pivot - Management clarified a strategic shift away from low-margin work, focusing on areas with better growth potential [135][138]

Defense IT specialist Leidos Holdings (LDOS -5.59%) beat quarterly expectations, but investors apparently were hoping for more. Leidos shares fell 7% at market open Tuesday and were down 5% as of 11 a.m. ET.Margin softness in an otherwise strong quarterLeidos is the largest of the so-called "Beltway Bandits" -- defense companies that provide IT and other services to military, intelligence, and civilian agencies. The company earned $2.37 per share in the fourth quarter on revenue of $4.4 billion, surpassing ...

Leidos Holdings, Inc.’s (LDOS) fourth-quarter 2024 adjusted earnings of $2.37 per share beat the Zacks Consensus Estimate of $2.18 by 8.7%. The bottom line also increased 19.1% from $1.99 registered in the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.LDOS reported GAAP earnings of $2.12 per share, implying an improvement from the prior-year level of $1.66.The year-over-year upside in the bottom line can be attributed to increased volumes from managed health se ...