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Leidos Posts Strong Sales And Earnings In Third Quarter; Lifts Guidance

Leidos Posts Strong Sales And Earnings In Third Quarter; Lifts Guidance
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday reported strong increases in its top and bottom lines in the third quarter, driven by growth across its operating segments and receipt of a payment going back to the 2004 Olympics in Greece. The company also reported record bookings and backlog, tallying $5.2 billion in orders that were nearly double sales that drove total backlog to $23.9 billion, up 15 percent from $20.8 billion since the end of 2018. Net income was up 10 percent to…

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