NYSE$LDOS

Leidos Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Leidos reported record revenue, solid margins, record backlog, and record operational cash generation.

Leidos Holdings, Inc. reported a 14.4% increase in revenue, reaching $3.24 billion for the third quarter of fiscal year 2020. Diluted earnings per share were $1.13, and non-GAAP diluted earnings per share were $1.47. The company's net bookings totaled $4.3 billion, resulting in a book-to-bill ratio of 1.3. Cash flows from operations were $592 million.

  • Revenues increased by 14.4% year-over-year, reaching $3.24 billion.
  • Diluted Earnings per Share were $1.13; Non-GAAP Diluted Earnings per Share were $1.47.
  • Net Bookings totaled $4.3 billion, with a book-to-bill ratio of 1.3.
  • Cash Flows from Operations reached $592 million.

Headline financials

Total Revenue

$3.24B

Previous: $2.84B+14.4%
EPS (adj)

$1.47

Previous: $1.36+8.1%
Free Cash Flow

$163M

Previous: $161M+1.2%
Net Income

$163M

Previous: $161M+1.2%
Operating Income

$258M

Previous: $249M+3.6%
Gross Profit

$468M

Previous: $385M+21.6%
Cash & Equivalents

$512M

Previous: $635M-19.4%
Total Assets

$12.3B

Previous: $9.41B+30.6%

Revenue & EPS history

Leidos · Revenue · Quarterly

$3.24B

Q3 2020+14.4%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Leidos · $2.07B total across 3 segments · Q3 2023

  • Health & Civil
    $1.06B+20.7%
  • Commercial & International
    $552M
  • Defense Systems
    $462M

Forward guidance

Leidos is revising its fiscal year 2020 guidance as follows: Revenues of $12.3 billion to $12.5 billion; Adjusted EBITDA margins of 10.6% to 10.8%; Non-GAAP diluted EPS of $5.65 to $5.85; 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 Q3 2020

Historical avgQ3 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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