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Leidos Finishes 2022 With Solid Fourth Quarter; Sees Customers Wanting To Spend Ahead Of Debt Ceiling Showdown

By Cal Biesecker

Tuesday, February 14th, 2023

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Leidos Finishes 2022 With Solid Fourth Quarter; Sees Customers Wanting To Spend Ahead Of Debt Ceiling Showdown

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday posted higher earnings and sales in its fourth quarter with each operating segment contributing to the top-line growth and the bottom-line benefiting from lower taxes. Net income in the quarter was up 2 percent to $180 million, $1.28 earnings per share (EPS), from $176 million ($1.23 EPS) a year ago. Excluding a $37 million impairment charge, which was related to facility consolidation, and acquisition, integration and amortization costs, per share earnings of $1.83 were well above…

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