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Leidos Posts Strong First Quarter Financial Results

By Cal Biesecker

Tuesday, May 4th, 2021

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Leidos Posts Strong First Quarter Financial Results

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday reported a strong opening to its fiscal year with broad strength across its portfolio of health, defense and civil businesses combined with contributions from recent acquisitions. Sales increased 15 percent to $3.3 billion, a quarterly record, from $2.9 billion a year ago, with organic revenue up 9 percent and the rest of the growth driven by several acquisitions. Net income soared 78 percent to $205 million, $1.42 earnings per share (EPS), from $115 million (80 cents…

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