Shares of Leonardo DRS, Inc. (DRS) surged 9.58% in pre-market trading on November 6, 2024, after the cash logistics and digital solutions provider reported solid third-quarter results and raised its full-year guidance.
For Q3 2024, DRS reported a 3% year-over-year increase in total revenues, driven by a 26% organic growth in its higher-margin ATM managed services and digital retail solutions segments. These now account for over 23% of total revenue and are expected to deliver over 20% organic growth for the full year.
The company's profits were impacted by currency headwinds, market slowdown in its global services business, and a large security loss event. However, DRS' CEO Mark Eubanks highlighted their ongoing investments in technology to drive long-term operating efficiencies and support the growing base of recurring revenue streams.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。