Kratos Defense & Security Solutions (NASDAQ:KTOS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.14b (up 9.6% from FY 2023).
• Net income: US$16.3m (up from US$8.90m loss in FY 2023).
• Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.11 (up from US$0.068 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kratos Defense & Security Solutions EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%.

The primary driver behind last 12 months revenue was the Kratos Government Solutions segment contributing a total revenue of US$865.8m (76% of total revenue). Notably, cost of sales worth US$849.1m amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$214.0m (79% of total expenses). Explore how KTOS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are up 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Kratos Defense & Security Solutions' balance sheet and an in-depth analysis of the company's financial position.

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