Leidos (LDOS) came out with quarterly earnings of $2.37 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $1.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.72%. A quarter ago, it was expected that this security and engineering company would post earnings of $1.96 per share when it actually produced earnings of $2.93, delivering a surprise of 49.49%.Over the last four quarter ...

Revenues: $4.4 billion for fourth quarter (up 10% year-over-year); $16.7 billion for the year (up 8% year-over-year) Diluted Earnings per Share: $2.12 for fourth quarter (up 28% year-over-year); $9.22 for the year (up 540% year-over-year) Non-GAAP Diluted Earnings per Share: $2.37 for fourth quarter (up 19% year-over-year); $10.21 for the year (up 40% year‍-‍over-year) Cash Flows from Operations: $299 million for fourth quarter; $1.4 billion for the year Backlog: $43.6 billion, up 18% year-over-year based ...

Financial Performance - Revenues for Q4 2024 were $4.37 billion, up 10% year-over-year, and total revenues for the fiscal year were $16.66 billion, up 8% compared to 2023[8]. - Net income for Q4 2024 was $282 million, or $2.12 per diluted share, representing increases of 23% and 28% year-over-year, respectively[9]. - Non-GAAP diluted EPS for Q4 2024 was $2.37, up 19% year-over-year, while for the fiscal year, it was $10.21, up 40% compared to 2023[10]. - Adjusted EBITDA for Q4 2024 was $508 million with an 11.6% margin, and for the fiscal year, it was $2.15 billion with a 12.9% margin, reflecting a 29% increase year-over-year[10]. - The net income margin for the fiscal year increased to 7.5%, up from 1.3% in 2023, due to improved program execution and cost control[10]. - For the three months ended January 3, 2025, Leidos reported an operating income of $421 million, with non-GAAP results showing an adjusted operating income of $465 million[52]. - The net income attributable to Leidos common stockholders for the same period was $284 million, resulting in a diluted EPS of $2.12, which adjusted to $2.37[52]. - The EBITDA for the three months ended January 3, 2025, was reported at $501 million, with an EBITDA margin of 11.5%[52]. - For the year ended January 3, 2025, the operating income was $1,827 million, with non-GAAP results showing an adjusted operating income of $2,007 million[55]. - The net income attributable to Leidos common stockholders for the year was $1,254 million, leading to a diluted EPS of $9.22, adjusted to $10.21[55]. - The EBITDA for the year ended January 3, 2025, was $2,122 million, with an EBITDA margin of 12.7%[55]. Cash Flow and Shareholder Returns - Cash flows from operations for Q4 2024 were $299 million, and for the fiscal year, they totaled $1.39 billion[12]. - The company returned $459 million to shareholders in Q4 2024, including $406 million in share repurchases[13]. - Free cash flow for the year ended January 3, 2025, was $1,243 million, with a free cash flow conversion ratio of 90%[60]. - The company reported a net cash provided by operating activities of $1,392 million for the year ended January 3, 2025[60]. Backlog and Future Prospects - The company reported a backlog of $43.6 billion at the end of fiscal year 2024, up 18% year-over-year, with a book-to-bill ratio of 1.4[16]. - Notable new business awards included a $4.1 billion contract for the U.S. Army and a $2.6 billion contract with the TSA, contributing to strong future revenue prospects[16]. - Leidos has initiated guidance for FY 2025, forecasting revenues between $16.9 billion and $17.3 billion and non-GAAP diluted EPS between $10.35 and $10.75[18]. - Total backlog as of January 3, 2025, was $43.55 billion, with funded backlog at $8.41 billion and unfunded backlog at $35.15 billion[43]. - The estimated backlog for National Security & Digital was $21.97 billion, with $2.88 billion funded and $19.09 billion unfunded[43]. Segment Performance - National Security & Digital revenues were $1.89 billion for the quarter, up 5% year-over-year, and $7.37 billion for the year, up 2%[33]. - Health & Civil revenues increased to $1.33 billion for the quarter, a 16% rise, and $5.02 billion for the year, an 18% increase[35]. - Commercial & International revenues reached $604 million for the quarter, up 12%, and $2.25 billion for the year, up 6%[36]. - Defense Systems revenues were $539 million for the quarter, a 7% increase, and $2.03 billion for the year, an 8% rise[38]. - Health & Civil operating income margin improved to 21.0% for the quarter, compared to 14.2% in the prior year[35]. - National Security & Digital operating income margin for the quarter was 9.2%, down from 10.3% in the prior year[34]. - Commercial & International operating income margin for the year was 4.6%, a significant recovery from (26.3)% in the prior year[37]. - The National Security & Digital segment generated an operating income of $720 million, while the Health & Civil segment reported $1,095 million for the year ended January 3, 2025[58]. Assets and Liabilities - Total assets as of January 3, 2025, were $13,104 million, an increase from $12,695 million as of December 29, 2023[30]. - Total liabilities as of January 3, 2025, were $8,644 million, compared to $8,437 million as of December 29, 2023[30]. - The company’s long-term debt, net of current portion, decreased to $4,052 million as of January 3, 2025, from $4,664 million as of December 29, 2023[30]. - The company’s retained earnings increased to $3,410 million as of January 3, 2025, compared to $2,364 million as of December 29, 2023[30]. Impairments and Costs - The company reported a goodwill impairment charge of $596 million for the year ended December 29, 2023[29]. - The company incurred acquisition, integration, and restructuring costs amounting to $10 million for the three months ended December 29, 2023[54]. - Leidos incurred acquisition, integration, and restructuring costs of $36 million for the year ended December 29, 2023[59]. - The company reported a significant goodwill impairment charge of $570 million for the year ended December 29, 2023[60].

In its upcoming report, Leidos (LDOS) is predicted by Wall Street analysts to post quarterly earnings of $2.18 per share, reflecting an increase of 9.6% compared to the same period last year. Revenues are forecasted to be $4.12 billion, representing a year-over-year increase of 3.6%.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 annou ...

RESTON, Va., Feb. 7, 2025 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per outstanding share of the company's common stock. The cash dividend is payable on March 28, 2025, to stockholders of record as of the close of business on March 14, 2025. About LeidosLeidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquar ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Leidos (LDOS) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key numbers are better than expe ...

The market has been ripping to new highs over the last few months on the back of a Trump rally, driven by optimism around economic policies and expectations of lower taxes, deregulation, and strong economicI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over ...

HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, has entered into a strategic alliance with Leidos (NYSE: LDOS) to advance subsea autonomy solutions.The alliance builds on a successful prior collaboration between the two organizations, which was praised by their mutual customer for its seamless execution and synergy. This new alliance aims to combine the companies' complementary expertise to develop next-generation ...

Leidos Holdings Contract and Market Opportunity - Leidos Holdings secured a $120 million contract to provide management architecture, engineering, and cybersecurity support services to the Department of Defense, Intelligence Community, and civilian agencies [1] - The contract involves designing, developing, testing, integrating, and maintaining key management systems [1] - The global Defense Cybersecurity market is projected to grow at a CAGR of 12.8% from 2025 to 2030, offering strong growth opportunities for Leidos [3] Leidos' Cybersecurity Strategy - Leidos' PACKIT (Proven, Analytic-Centric Kill Chain Implementation and Transformation) is a threat-based strategy that uses people, processes, and technology to enhance cybersecurity [4] Peer Companies in Defense Cybersecurity - Northrop Grumman (NOC) offers full-spectrum cyber solutions, including a Cyberdefense Platform for Weapon Systems using AI/ML techniques, with a long-term earnings growth rate of 19% and projected 2025 sales growth of 3.6% [5][6] - Lockheed Martin (LMT) provides comprehensive cyber systems, including the MR2 platform for real-time military training and readiness reports, with a long-term earnings growth rate of 4.4% and projected 2025 sales growth of 3.8% [6][7] - BAE Systems (BAESY) designs cutting-edge cybersecurity technologies, such as one-way transfer devices and Data Diode Solutions, with a long-term earnings growth rate of 11.1% and projected 2025 sales growth of 58.4% [7][8] Leidos Stock Performance - Leidos' stock price increased by 2.3% over the past month, compared to the industry's growth of 4% [11] - Leidos currently holds a Zacks Rank 2 (Buy) [12]

RESTON, Va., Jan. 23, 2025 /PRNewswire/ -- Leidos (NYSE:LDOS) today announced a follow-on checkpoint sustainment contract to maintain 12,000 units of Transportation Security Equipment (TSE) deployed at more than 430 airport locations in the U.S. and its territories. The contract was awarded for the Transportation Security Administration's (TSA) Deployment and Security Division. The contract has an eight-year period of performance and a maximum value of $2.6 billion."As air travel volume continues to grow, e ...