LEIDOS HOLDINGS Reports Q2 FY2023 Earnings Results for June 30 2023

🌥️Earnings Overview

On August 1, 2023, LEIDOS HOLDINGS ($NYSE:LDOS) reported its results for the second quarter of FY2023, which ended on June 30 of the same year. Revenue for the quarter totaled USD 3838.0 million, a 6.7% increase from the same period in FY2022. Net income was USD 207.0 million, a 21.1% year over year increase.

Price History

On Tuesday, LEIDOS HOLDINGS reported its earnings results for the second quarter of FY2023 ending June 30, 2023. The stock opened at $96.0 at the start of the day and closed at $100.0 by the end of the day, representing a 6.9% increase from its prior closing price of $93.5. These strong earnings results further demonstrate the success of LEIDOS HOLDINGS’ business model and its ability to create value for its shareholders. The company was able to capitalize on growth in both its core businesses as well as new acquisitions it has made in the past year. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Leidos Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Leidos Holdings are shown below. More…

Analysis

GoodWhale has recently taken a closer look at the financials of LEIDOS HOLDINGS. We analyzed the company’s income sheet, balance sheet and other financial statements to provide our customers with an up-to-date Risk Rating. We’re pleased to report that LEIDOS HOLDINGS is a medium risk investment in terms of financial and business aspects. To further protect our customers, GoodWhale has detected 2 risk warnings in the income sheet, balance sheet and other financials. We encourage anyone interested in LEIDOS HOLDINGS to register on goodwhale.com for more detailed information on the risk warnings. The more informed you are, the better decisions you can make. More…

Peers

Leidos Holdings Inc is an American technology company that provides products and services for the national security, health, and engineering sectors. The company operates in three segments: National Security Solutions, Health Solutions, and Engineering Solutions. Leidos Holdings Inc’s competitors include Vama Industries Ltd, STS Evermedia Corp, and Societe Pour L’Informatique Industrielle.

– Vama Industries Ltd ($BSE:512175)

Vama Industries Ltd is an Indian company that manufactures automotive components and parts. It has a market cap of 370.93M as of 2022 and a Return on Equity of 3.33%. The company was founded in 1963 and is headquartered in Mumbai, India. Vama Industries Ltd manufactures a variety of automotive components and parts, including engine parts, suspension parts, and electrical parts.

– STS Evermedia Corp ($OTCPK:SEVM)

Societe Pour L’Informatique Industrielle is a France-based company that provides software solutions and services for industrial applications. The Company operates in three segments: Software Solutions, Services and Maintenance, and Hardware. The Software Solutions segment offers software products, including design and development tools, manufacturing execution systems, and industrial connectivity solutions. The Services and Maintenance segment provides services, such as consulting, training, and support, as well as maintenance and support services for software products. The Hardware segment offers hardware products, such as programmable logic controllers, human machine interfaces, and industrial PCs.

Summary

Investors in LEIDOS HOLDINGS have been rewarded with positive earnings results for the second quarter of FY2023. The stock price reacted positively to the news, suggesting that investors are bullish on the company’s short-term prospects. Analysts and investors should consider LEIDOS HOLDINGS’ strong fundamentals and upward growth trajectory when evaluating its investment potential. The company has a solid base of operations and appears to be on track to further grow its earnings potential in the near future.