Sign In
Search
Business/Financial

Leidos Opens Year With Higher Sales, Lower Earnings

Cal Biesecker By
SHARE:
Leidos Opens Year With Higher Sales, Lower Earnings
Leidos Chairman and CEO Roger Krone. Photo: Leidos

  Leidos [LDOS] on Tuesday posted higher sales in the first quarter driven by gains across its operating segments, although earnings fell due largely to positive legal adjustment a year ago that buoyed results at the time and lower operating income in its Defense Solutions and Civil segments. Net income in the quarter declined 14 percent to $177 million, $1.25 earnings per share (EPS), from $205 million ($1.42 EPS) a year ago. Excluding various acquisition related costs and amortization of…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

RTX Powers To Strong Second Quarter On Broad Strength

Business/Financial

Aerospace, Shipbuilding Drive Strong Second Quarter At General Dynamics

Business/Financial

L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues

Defense Watch

Defense Watch: FF(X) and BBG(X), AUKUS, K2 Raise, Unmanned News, A-LE

Trending

CACI Nabs $500 Million JIATF-401 Deal To Supply C-UAS Capabilities
Air Force Budget Has T-7A Funding “Wedge” To Account For Any EMD Changes
L3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
Lockheed Nabs $53.9 Billion Add To PAC-3 MSE Deal, Boosts Multi-Year Award To Nearly $59 Billion
Air Force Leadership And AETC Consult On Uses For Future F-35As Delivered Without Radars

Congress Updates

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume