NASDAQ$DRS
Leonardo Drs Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported strong Q2 2024 results driven by healthy customer demand and improved supply chain, leading to revenue and earnings growth.
Leonardo DRS reported a strong second quarter with a 20% increase in revenue year-over-year, reaching $753 million. Net earnings increased by 9% to $38 million, and adjusted EBITDA rose by 32% to $82 million. The company also increased its 2024 guidance across various metrics.
- Revenue increased by 20% year-over-year to $753 million.
- Net earnings rose by 9% year-over-year to $38 million.
- Adjusted EBITDA increased by 32% year-over-year to $82 million.
- Backlog reached a record $7.9 billion, up 82% year-over-year.
Headline financials
Revenue & EPS history
Leonardo DRS · Revenue · Quarterly
$753M
Revenue by segment
Leonardo DRS · $708M total across 2 segments · Q3 2023
- Advanced Sensing & Computing$431M+5.6%60.9%
- Integrated Mission Systems$277M+21.0%39.1%
Forward guidance
Leonardo DRS is adjusting its 2024 guidance with increased expectations for revenue and adjusted EBITDA.
Tailwinds
- Revenue: $3,075 million - $3,175 million
- Adjusted EBITDA: $375 million - $395 million
- Tax Rate: 20.5%
- Diluted Shares Outstanding: 268.0 million
- Adjusted Diluted EPS: $0.82 - $0.88
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+12.4%
Q4 2025
Best reaction
-13.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +3.3% | +16.7% | |
| Q4 2025 | +12.4% | +13.8% | +22.0% | |
| Q3 2025 | -4.3% | -8.9% | -15.0% | |
| Q1 2025 | +8.8% | +12.1% | +14.4% | |
| Q4 2024 | +5.6% | -0.7% | +11.7% | |
| Q3 2024 | +5.9% | +11.0% | +22.4% | |
| Q2 2024 | +0.0% | -6.0% | +0.3% | |
| Q1 2024 | -2.5% | +0.1% | +9.4% | |
| Q4 2023 | +6.7% | -4.0% | -10.4% | |
| Q3 2023 | +2.8% | +1.3% | -2.8% | |
| Q2 2023 | +1.5% | +5.3% | +5.9% | |
| Q1 2023 | +2.4% | +5.2% | +3.4% | |
| Q4 2022 | -5.1% | +0.9% | +16.7% | |
| Q3 2022 | -4.6% | -10.6% | -1.8% | |
| Q2 2022 | -1.1% | -5.3% | -6.3% | |
| Q1 2022 | +0.0% | -0.4% | +4.4% | |
| Q4 2021 | -13.8% | -14.1% | -8.0% | |
| Q4 2019 | -13.8% | -14.1% | -8.0% | |
| Q3 2020 | +2.3% | -0.4% | -8.9% | |
| Q3 2021 | +2.3% | -0.4% | -8.9% | |
| Q2 2021 | -3.1% | -0.5% | -5.5% | |
| Q2 2020 | -3.1% | -0.5% | -5.5% | |
| Q4 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2021 | +3.2% | +4.5% | +0.7% |
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