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Leonardo DRS Finishes 2024 With Strong Results; Begins Dividend, Share Repurchase Program

Cal Biesecker By
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Leonardo DRS Finishes 2024 With Strong Results; Begins Dividend, Share Repurchase Program
William Lynn, Chairman and CEO of Leonardo DRS. (Photo: Leonardo DRS)

Leonardo DRS [DRS] on Thursday reported robust fourth quarter results to end a strong fiscal year and the company expects the good run to continue in 2025. Net income in the quarter rose 20 percent to $89 million, 33 cents earnings per share (EPS), from $74 million (28 cents EPS) a year ago. Adjusted earnings of 38 cents EPS, which exclude certain costs such as deal-related transaction and restructuring expenses, and non-service pension expense, beating consensus estimates by three pennies.…

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