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Leonardo DRS Opens 2025 With Strong Results

Cal Biesecker By
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Leonardo DRS Opens 2025 With Strong Results
William Lynn, Chairman and CEO of Leonardo DRS. (Photo: Leonardo DRS)

Leonardo DRS [DRS] on Thursday posted strong first quarter results with earnings and sales higher across its operating segments. Net income increased 72 percent to $50 million, 19 cents earnings per share (EPS), versus $29 million (11 cents EPS) a year ago. Excluding impacts from income taxes, interest expense, acquisition and restructuring costs, adjusted earnings of 20 cents EPS beat consensus estimates by three cents per share. Adjusted margin increased 10 basis points to 10.3 percent. Sales increased 16 percent…

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