LEONARDO DRS Reports Q2 Earnings for 2023
August 14, 2023
🌥️Earnings Overview
LEONARDO DRS ($NASDAQ:DRS) announced their earnings results for the second quarter of 2023 on June 30, revealing total revenue of USD 628.0 million – a slight 0.2% increase from the same quarter in the prior year. Net income also saw a notable 40.0% growth, reaching USD 35.0 million.
Share Price
On Wednesday, LEONARDO DRS reported their second quarter earnings for 2023, with stock opening at $16.5 and closing at $17.4, rise by 5.7% from last closing price of 16.4. This signifies a steady and positive trend in the company’s financial performance, particularly in light of the ongoing global pandemic. Overall, LEONARDO DRS has maintained a robust financial performance despite current global challenges, showcasing the company’s commitment to creating value and delivering results to shareholders. Furthermore, the second quarter saw LEONARDO DRS benefit from higher operating income as well as notable growth in revenue across its sectors.
This reflects a strong and sustained performance from LEONARDO DRS, which signals good news for investors. Their impressive results indicate that the company is on track to continue growing its business and creating value for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Leonardo Drs. More…
| Total Revenues | Net Income | Net Margin |
| 2.65k | 391 | 14.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Leonardo Drs. More…
| Operations | Investing | Financing |
| -71 | 432 | -395 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Leonardo Drs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.66k | 1.47k | 8.36 |
Key Ratios Snapshot
Some of the financial key ratios for Leonardo Drs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.3% | 51.0% | 19.9% |
| FCF Margin | ROE | ROA |
| -5.3% | 15.2% | 9.0% |
Analysis
At GoodWhale, we conducted an analysis of LEONARDO DRS‘s fundamentals and came to the conclusion that it is a high risk investment in terms of financial and business aspects. Our analysis also uncovered two risk warnings in the income sheet and cashflow statement which could be cause for concern. We recommend that potential investors take the time to review these risk warnings before investing in LEONARDO DRS. To access this information, simply register on GoodWhale.com and you will be able to find out more about this stock. More…
Peers
Leonardo DRS Inc is one of the leading defense and aerospace manufacturers in the world, competing against other major players such as Raytheon Technologies Corp, General Dynamics Corp, and Howmet Aerospace Inc. All of these companies are involved in the production and design of a wide range of sophisticated technologies for military and civilian applications.
– Raytheon Technologies Corp ($NYSE:RTX)
Raytheon Technologies Corp is one of the world’s leading aerospace and defense technology companies. Its portfolio includes industry-leading brands such as Pratt & Whitney, Collins Aerospace, and Raytheon Intelligence & Space. It is currently valued at 145.6 billion dollars with a 6.41% return on equity. Raytheon Technologies Corp’s size and its impressive return on equity illustrate its value as a leader in the aerospace and defense industries. The company has a long history of developing innovative products and services for military, government, and commercial customers. The company’s expansive portfolio of cutting-edge technologies and its strong financial performance make it an attractive investment for investors.
– General Dynamics Corp ($NYSE:GD)
General Dynamics Corporation is a well-known U.S. aerospace and defense company, providing products and services to the military and commercial aerospace sectors. As of 2023, its market capitalization stands at 63 billion dollars, highlighting the company’s leadership in the industry. This reflects the impressive Return On Equity (ROE) of 15.28%, indicating how efficiently the company has been able to generate profits and satisfy shareholders. The ROE figure shows that General Dynamics has been able to produce a good return on the investments of its shareholders.
– Howmet Aerospace Inc ($NYSE:HWM)
Howmet Aerospace Inc is a leading global supplier of engineered components and assemblies for aerospace, defense and other industries. As of 2023, the company had a market capitalization of 17.35 billion dollars, making it one of the largest publicly traded companies in the United States. Its Return on Equity (ROE) stands at 15.18%. This figure indicates that the company has been successful at generating returns on the investment made by its shareholders. Howmet Aerospace Inc has been a leader in providing innovative solutions to the aerospace and defense sectors, making it a key player in the industry.
Summary
LEONARDO DRS reported impressive earnings results for the second quarter of 2023, with total revenue of USD 628.0 million and a 40.0% increase in net income, amounting to USD 35.0 million. This news was met positively by investors, causing the stock price to move up. Overall, LEONARDO DRS appears to be in a strong position financially, and could be an attractive investment opportunity over the short-term. However, further analysis is needed to assess the company’s long-term prospects and ensure a healthy return on investment.
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