Leonardo DRS Q3 Adjusted Earnings, Revenue Rise; Lifts Full-Year Earnings, Revenue Outlook

MT Newswires Live

2024-10-30

Leonardo DRS (DRS) reported Q3 adjusted earnings Wednesday of $0.24 per diluted share, up from $0.20 a year earlier.

Analysts polled by Capital IQ expected $0.19.

Revenue for the quarter ended Sept. 30 was $812 million, up from $703 million a year earlier.

Analysts surveyed by Capital IQ expected $775.4 million.

For 2024, the company now expects adjusted EPS of $0.88 to $0.91 per diluted share, compared with a previous estimate of $0.82 to $0.88. Analysts surveyed by Capital IQ expect $0.86.

Leonardo DRS said it now expects full-year revenue of $3.15 billion to $3.20 billion versus the previous estimate of $3.08 billion to $3.18 billion. Analysts polled by Capital IQ expect $3.14 billion.

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