Sign In
Search
Business/Financial

Tax Benefit Lifts Leidos In Fourth Quarter

Cal Biesecker By
SHARE:
Tax Benefit Lifts Leidos In Fourth Quarter
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday posted a hefty increase in net income in its fourth quarter squarely on the back of a one-time tax benefit whiles sales dipped slightly.Net income nearly doubled to $114 million, 74 cents earnings per share (EPS), from $59 million (39 cents EPS) a year ago, with the tax gain contributing $115 million (75 cents EPS) to the bottom line. Operating income actually fell by about one-third to $101 million and operating margin slid 190 basis points…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Lockheed Martin Invests $25 Million In Fortem Technologies To Strengthen C-UAS Capabilities

Business/Financial

York Space Systems To Acquire Terminal Developer All.Space In $355M Deal

Business/Financial

Anduril Adds Edison Chouest Offshore For MUSV Production In The U.S.

Business/Financial

Pentagon And L3Harris Close $1 Billion Investment For Equity Deal In Company’s Missile Solutions Business

Trending

Space Force Again Moves To Terminate Next-Generation Missile Warning Polar Satellite Program
Firestorm Labs Raises $82 Million To Transition Mobile 3D Printing Tech, Drones Into Production
MDA Director Says NGI On Track To Close Design Phase This Year
Marines Tap Sikorsky, Robinson’s Unmanned R66 For Medium Resupply Drone Development Effort
Army Begins Evaluating Bumble Bee Drone Interceptor With Autonomous Kill Capability

Congress Updates

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Air Force

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume