Leonardo DRS Reports Strong Q3 Results with Revenue and EPS Beats
Leonardo DRS (DRS) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $0.46, which beat consensus by $0.11. The company's revenue reached $1.1 billion, representing a 14.6% increase year-over-year and surpassing estimates by $70 million. Driven by robust demand, the company raised its full-year guidance for revenue, adjusted diluted EPS, and adjusted EBITDA. Leonardo DRS also reported strong operational momentum with $1.6 billion in new bookings and a record funded backlog of $5.6 billion, marking a 21% increase compared to the previous year.
Tickers: $DRS
Topics: backlog increase earnings beat guidance raise revenue growth