NASDAQ$DRS
Leonardo Drs Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and year ended December 31, 2022.
Leonardo DRS reported flat revenue for the fourth quarter and a decrease for the full year, but net earnings and adjusted EBITDA increased for both periods. Strong bookings led to a record backlog, and the company initiated solid 2023 guidance.
- Revenue was $820 million for the fourth quarter and $2.7 billion for the year.
- Net earnings were $65 million for the fourth quarter and $405 million for the year.
- Adjusted EBITDA was $120 million for the fourth quarter and $318 million for the year.
- Bookings were $852 million for the fourth quarter, resulting in a record backlog of $4.3 billion.
Headline financials
Revenue & EPS history
Leonardo DRS · Revenue · Quarterly
$820M
Revenue by segment
Leonardo DRS · $834M total across 2 segments · Q4 2022
- Advanced Sensing & Computing$485M+7.3%58.2%
- Integrated Mission Systems$349M-6.9%41.8%
Forward guidance
Leonardo DRS is initiating 2023 guidance.
Tailwinds
- Revenue: $2.7 billion - $2.8 billion
- Adjusted EBITDA: $315 million - $330 million
- Adjusted Diluted EPS: $0.64 - $0.69
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 Q4 2022
+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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