Earnings ·
Leonardo DRS reports Q3 revenue of $1.1B, raises full-year guidance and declares $0.09 dividend
DRSLeonardo DRS, Inc.
Leonardo DRS reported third-quarter revenue of $1.1 billion, an 11% increase year-over-year, driven by tactical radars and naval power programs. Net earnings rose 60% to $115 million, with adjusted diluted EPS increasing 59% to $0.46. The company secured $1.6 billion in new bookings, achieving a book-to-bill ratio of 1.5x, while funded backlog reached a record $5.6 billion. Management raised full-year 2026 guidance for revenue to $3.95–$3.985 billion and adjusted diluted EPS to $1.50–$1.53. Additionally, the board declared a quarterly cash dividend of $0.09 per share, payable on November 25, 2026. Leonardo DRS is a leading provider of advanced defense technologies for U.S. national security customers.