Leidos Holdings Reports Strong Growth in Earnings and Revenues for Q1 2024
Tuesday, 30 April 2024, 14:31
Highlights:
- First-quarter revenues reached $4.0 billion, increasing by 7% year-over-year.
- Net income rose to $283 million or $2.07 per share from $164 million or $1.17 per share in Q1 2023.
- Adjusted earnings climbed 56% annually to $2.29 per share.
- Adjusted EBITDA was $490 million in Q1, up from $346 million a year earlier.
- EBITDA margin increased to 12.3% from 9.4% year-over-year.
Conclusions:
Leidos Holdings' Q1 2024 report showcases strong financial performance with notable improvements in earnings, revenues, and operational metrics. The company's consistent growth and operational efficiency bode well for its future prospects in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.