Leonardo DRS(US:DRS)2025-10-29 13:30Q3 2025 Performance Highlights - The company reported quarterly bookings of $1.3 billion, resulting in a 1.4x book-to-bill ratio in Q3 [8] - Revenue increased by 18% to $960 million in Q3 2025, compared to $812 million in Q3 2024 [10] - Adjusted EBITDA grew by 22% to $117 million in Q3 2025, up from $78 million in Q3 2024 [10] - Adjusted Diluted EPS increased by 21% to $0.29 in Q3 2025, compared to $0.24 in Q3 2024 [10] - Total backlog increased by 8% to $8.909 billion, compared to $8.264 billion [10] Segment Performance - Advanced Sensing and Computing (ASC) revenue increased by 9% to $580 million [13] - Integrated Mission Systems (IMS) revenue increased significantly by 34% to $383 million [13] - ASC Adjusted EBITDA increased significantly by 47% to $53 million [13] Revised 2025 Guidance - The company is raising the lower end of its prior revenue guidance and now expects revenue between $3.55 billion and $3.60 billion for full year 2025, reflecting double-digit growth [8, 15] - Adjusted EBITDA is maintained in the range of $437 million to $453 million [15] - Adjusted Diluted EPS is increased to a range of $1.07 to $1.11, reflecting a slightly lower tax rate of 18% [8, 15] - Free Cash Flow (FCF) is still expected to track towards approximately 80% of Adjusted Net Earnings [8]