Leonardo DRS (DRS) Q1 Revenue Growth Hits 6% Year-over-Year
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowLeonardo DRS (DRS) reported a revenue increase of 6% year-over-year for Q1, totaling $846 million. Adjusted EBITDA grew by 28% to $105 million, and adjusted diluted earnings per share stood at $0.26. The company attributed its strong performance to higher volume, favorable program mix, and operational efficiency. Management has also raised its full-year outlook due to these positive trends and improved execution across various segments, particularly in Advanced Sensing and Computing, where adjusted EBITDA increased by 48%.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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