Leidos Holdings Inc

Latest Results (17.12.2024):

Revenue Growth

Leidos Holdings Inc. reported revenues of $4.2 billion for the third quarter of 2024, marking a 7% increase compared to the same period in 2023. This growth was driven by increased demand across all customer segments, particularly in managed health services.

Net Income and Earnings

For the third quarter of 2024, Leidos Holdings Inc. achieved a net income of $362 million, translating to $2.68 per diluted share. The net income margin stood at 8.6%, a significant improvement from the previous year's third quarter, which was impacted by a substantial impairment and restructuring charge.

Adjusted EBITDA

Leidos Holdings Inc. reported an adjusted EBITDA of $596 million for the third quarter of 2024, reflecting a 32% year-over-year increase. The adjusted EBITDA margin reached a record 14.2%, up from 11.5% in the third quarter of 2023, driven by increased volumes in managed health services and improved cost control.

Cash Flow and Dividends

In the third quarter of 2024, Leidos Holdings Inc. generated $656 million in net cash from operating activities, resulting in a free cash flow of $633 million. The company returned $254 million to shareholders, including $203 million in share repurchases and $51 million in dividends. A cash dividend of $0.40 per share was declared, representing a 5.3% increase over the previous quarter.

Outlook and Guidance

Leidos Holdings Inc. updated its fiscal year 2024 guidance, projecting revenues between $16.35 billion and $16.45 billion. The company anticipates a high-12% adjusted EBITDA margin and non-GAAP diluted EPS in the range of $9.80 to $10.00. Cash flows from operating activities are expected to be approximately $1.35 billion.