Leonardo DRS Sets October 29 Date for Third-Quarter Results Call at 10 a.m.
Key Facts
Leonardo DRS set October 29, 2026, for its third-quarter results call, scheduled to begin at 10:00 a.m. Eastern Time. The company said it would issue its results statement before the call, which will present and discuss the figures. The date follows the stock’s close at $35.5 on October 28, according to EL7 data. In the second quarter, the company reported revenue of $913 million, up 10% year over year. Net earnings were $86 million, up 59% from the same period a year earlier.
Leonardo DRS said second-quarter revenue growth came mainly from tactical radar, power and propulsion, infrared sensing, and protection programs. It added that disciplined execution, program mix, and higher volumes supported adjusted earnings growth and wider margins. Bookings totaled $1.1 billion that quarter, while the book-to-bill ratio was 1.2 times. Backlog reached a record $5.1 billion, up 17% year over year. Chief Executive John Baylouny said the results reflected "disciplined execution and sustained demand," adding that bookings supported an increase in full-year guidance.
The company raised its 2026 guidance to a range of $525–540 million for adjusted earnings before interest, taxes, depreciation and amortization, and to $1.34–1.39 for adjusted diluted earnings per share. The guidance excluded the pending acquisition of Raptor. The second-quarter operating indicators come amid the company’s defense business, which includes tactical radar, power and propulsion, sensing, and protection programs. On October 13, the company announced it had received a $63 million U.S. Army production order for the FWS-I thermal weapon sight. A day later, it announced it had secured a support contract for Joint Task Force 401 to counter unmanned aircraft, with a ceiling of $500 million and a three-year period of performance.
The company is preparing to present its third-quarter results on the call scheduled for October 29 at 10:00 a.m. Eastern Time, after issuing its financial statement. In the second quarter, management linked revenue growth to specific defense programs, while bookings and backlog provided demand indicators that the company cited in raising its full-year guidance. Revenue for the period was $913 million, with year-over-year growth of 10%. Net earnings also grew 59% year over year to $86 million. The stock closed at $35.5 on the day before the call, according to EL7 data.