NYSE$LDOS

Leidos Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Leidos' financial performance for the second quarter of fiscal year 2020 was reported.

Leidos Holdings, Inc. reported a revenue increase of 6.8% year-over-year, with revenues reaching $2.91 billion. Diluted earnings per share were $1.06, and non-GAAP diluted earnings per share were $1.55. The company's net bookings were $4.6 billion, resulting in a book-to-bill ratio of 1.6. Cash flows from operations amounted to $422 million.

  • Revenues increased by 6.8% year-over-year, reaching $2.91 billion.
  • Diluted Earnings per Share (EPS) were reported at $1.06, with Non-GAAP Diluted EPS at $1.55.
  • Net Bookings reached $4.6 billion, resulting in a book-to-bill ratio of 1.6.
  • Cash Flows from Operations totaled $422 million.

Headline financials

Total Revenue

$2.91B

Previous: $2.73B+6.8%
EPS (adj)

$1.55

Previous: $1.16+33.6%
Adjusted EBITDA Margin

11.2%

No prior period
Free Cash Flow

$153M

Previous: $136M+12.5%
Net Income

$153M

Previous: $136M+12.5%
Operating Income

$249M

Previous: $210M+18.6%
Gross Profit

$383M

Previous: $380M+0.8%
Cash & Equivalents

$588M

Previous: $660M-10.9%
Total Assets

$12.1B

Previous: $9.33B+30.2%

Revenue & EPS history

Leidos · Revenue · Quarterly

$2.91B

Q2 2020+6.8%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Leidos · $2.52B total across 2 segments · Q2 2020

  • Defense Systems
    $1.76B+12.6%
  • Health & Civil
    $758M+13.6%

Forward guidance

The Company is revising its fiscal year 2020 guidance as follows: Revenues of $12.2 billion to $12.6 billion, Adjusted EBITDA margins of 10.0% to 10.2%, Non-GAAP diluted EPS of $5.25 to $5.55, and Cash flows provided by operating activities at or above $1.2 billion.

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 2020

Historical avgQ2 2020

-0.7%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.5%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+10.2%

Q3 2023

Best reaction

-19.7%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.8%-12.6%-16.2%
Q4 2026-8.0%-1.6%-5.9%
Q3 2026+3.3%+2.0%-0.3%
Q1 2025+4.7%+5.2%-1.7%
Q4 2024-3.6%-7.4%-6.9%
Q3 2024+9.4%+7.8%-3.4%
Q2 2024-5.6%-5.0%+2.9%
Q1 2024+8.0%+7.6%+10.4%
Q4 2023+6.1%+8.1%+11.5%
Q3 2023+10.2%+13.2%+16.9%
Q2 2023+5.4%+3.8%+4.3%
Q1 2023-14.2%-14.3%-16.8%
Q4 2022-2.8%+0.5%-8.1%
Q3 2022+2.7%+4.1%+7.9%
Q2 2022-5.0%-4.4%-9.6%
Q1 2022+1.2%-0.3%+2.1%
Q4 2021+1.6%+6.5%+19.0%
Q3 2021-6.0%-6.4%-11.4%
Q2 2021-11.8%-11.9%-7.4%
Q1 2021+0.0%+0.3%-0.2%
Q4 2020-12.9%-14.8%-7.3%
Q3 2020+6.0%+9.0%+24.2%
Q2 2020-8.7%-5.2%-9.5%
Q1 2020-1.7%+3.8%+7.1%
Q3 2019+7.3%+5.6%+12.6%
Q2 2019-1.5%-1.8%+4.7%
Q1 2019+8.9%+11.3%+11.9%
Q4 2018-2.7%+1.8%+0.6%
Q3 2018-2.2%+0.8%+0.5%
Q2 2018+7.4%+7.3%+10.1%
Q1 2018-3.1%-0.8%-1.9%
Q4 2017+1.0%+0.0%-0.3%
Q3 2017+1.3%-0.4%-0.8%
Q2 2017+7.5%+8.4%+12.4%
Q1 2017+1.6%-2.0%+4.4%
Q4 2016+1.8%+0.3%-1.0%
Q3 2016+6.2%+5.6%+25.1%
Q2 2016-4.4%-7.6%-24.4%
Q1 2016-3.8%
Q4 2015-5.4%
Q3 2015+8.2%
Q2 2015+6.9%
Q1 2015-5.6%
Q4 2014-9.1%
Q3 2014+1.8%
Q2 2014-6.9%
Q1 2014+6.4%
Q4 2013-19.7%
Q3 2013-0.4%
Q2 2013-5.4%
Q1 2013+1.9%
Q4 2012+3.3%
Q3 2012-2.2%
Q2 2012+3.5%
Q1 2012-1.8%
Q1 2011-3.4%
Q4 2009-0.8%
Q1 2010-0.8%
Q4 2011-0.8%
Q3 2010-6.7%
Q3 2011-6.7%
Q2 2011+1.1%
Q4 2010+1.1%
Q2 2010+1.1%

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