Leonardo DRS Q3 EPS $0.43
DRS•Leonardo DRS reported Q3 adjusted EPS of $0.46, revenue of $1.066 billion and adjusted EBITDA of $149 million, all above estimates. It forecast full-year adjusted EPS of $1.50-$1.53, revenue of $3.95-$3.985 billion and adjusted EBITDA of $545-$555 million.
1. Quarterly results and outlook
Q3 adjusted net income was $124 million, compared with an IBES estimate of $93.4 million. Net income was $115 million, and adjusted EBITDA margin was 14%. Adjusted EPS of $0.46 beat the $0.35 estimate; revenue of $1.066 billion topped the $1.029 billion estimate, and adjusted EBITDA of $149 million exceeded the $139.2 million estimate. For the year, Leonardo DRS forecast adjusted EPS of $1.50-$1.53, revenue of $3.95-$3.985 billion and adjusted EBITDA of $545-$555 million.
