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Leidos Posts Strong Fourth Quarter On Broad Gains

Cal Biesecker By
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Leidos Posts Strong Fourth Quarter On Broad Gains
Leidos CEO Tom Bell. Photo: Leidos

Leidos [LDOS] on Tuesday reported strong fourth quarter earnings and sales as the bottom-line benefitted from gains across its operating segments. Net income increased 28 percent to $230 million, $1.66 earnings per share (EPS), from $180 million (1.28 EPS) a year ago. Excluding acquisition, restructuring, and goodwill charges, adjusted earnings per share of $1.99 topped consensus estimates by 25 cents. Sales in the quarter increased 8 percent to a record $4 billion on growth in each segment, led by Health…

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