Leonardo DRS(US:DRS)2025-02-20 15:50Financial Performance - Full Year 2024 - The company achieved full year 2024 organic revenue growth of 14%[7], reaching $3.234 billion[12] - Adjusted EBITDA grew by 23% to $400 million[7, 12], with a margin expansion of 90 bps to 12.4%[7, 12] - Adjusted Net Earnings increased by 28% to $249 million[12] - Adjusted Diluted EPS increased by 27% to $0.93[12] Financial Performance - Q4 2024 - Q4 2024 revenue increased by 6% to $981 million[9] - Adjusted EBITDA grew by 13% to $148 million[9], with a margin expansion of 100 bps to 15.1%[9] - Adjusted Net Earnings increased by 22% to $101 million[9] - Adjusted Diluted EPS increased by 23% to $0.38[9] Bookings and Backlog - Total backlog reached a new company record of $8.5 billion[7, 9] - Bookings for Q4 2024 were $1.3 billion, and $4.1 billion for the full year, representing a 1.3x book-to-bill ratio for both periods[7] 2025 Guidance - The company projects 2025 organic revenue growth of 6% to 9%, resulting in revenue between $3.425 billion and $3.525 billion[7, 14] - Adjusted EBITDA growth is expected to exceed topline growth at 9% to 14%, leading to an Adjusted EBITDA between $435 million and $455 million[7, 14] - Adjusted Diluted EPS is projected to be between $1.02 and $1.08, representing a 10% to 16% increase[14]