Quarterly ResultMay 5, 2026, 07:32 AM
Leonardo DRS Q1 Revenue $846M (+6%), Net Earnings $62M (+24%); Raises 2026 Guidance
AI Summary
Leonardo DRS reported strong financial results for the first quarter of 2026, with revenue increasing 6% to $846 million and net earnings rising 24% to $62 million. Adjusted EBITDA also saw a significant 28% increase to $105 million, driven by strong program execution and operating leverage. The company raised its full-year 2026 guidance across key metrics, including revenue and Adjusted Diluted EPS, reflecting confidence in continued performance. Additionally, Leonardo DRS declared a $0.09 cash dividend per share and repurchased $4 million of its common stock.
Key Highlights
- Revenue: $846 million, up 6% year-over-year.
- Net Earnings: $62 million, up 24% year-over-year.
- Adjusted EBITDA: $105 million, up 28% year-over-year.
- Diluted EPS: $0.23, up 21% year-over-year.
- Bookings: $885 million, with a book-to-bill ratio of 1.0x.
- Funded Backlog: $4.7 billion, up 8% year-over-year.
- Raises 2026 revenue guidance to $3,900M-$3,975M.
- Declares $0.09 cash dividend per share payable on June 2, 2026.