Quarterly ResultMay 5, 2026, 04:42 PM
Leonardo DRS Q1 Revenue $846M, Net Earnings $62M, EPS $0.23
AI Summary
Leonardo DRS, Inc. reported strong financial results for the first quarter of 2026, with revenues increasing by 5.9% to $846 million and net earnings climbing 24% to $62 million. Diluted EPS also saw a significant rise to $0.23. The company also made strategic financial moves, including repaying its 2022 Term Loan A and establishing a new $500 million revolving credit facility, while continuing its dividend payments and share repurchase program.
Key Highlights
- Q1 2026 revenue increased 5.9% to $846 million from $799 million year-over-year.
- Net earnings for Q1 2026 rose 24% to $62 million compared to $50 million in Q1 2025.
- Diluted earnings per share for Q1 2026 increased to $0.23 from $0.19 in Q1 2025.
- Repaid the remaining $191 million balance of the 2022 Term Loan A in January 2026.
- Entered into a new $500 million revolving credit facility expiring in January 2031.
- Declared a quarterly cash dividend of $0.09 per share for Q1 2026 and subsequent quarter.
- Advanced Sensing and Computing (ASC) segment revenue grew to $559 million from $511 million.
- Integrated Mission Systems (IMS) segment revenue increased to $295 million from $291 million.
Price Impact
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