Leidos said fourth-quarter revenue rose to $3,980 million, up 8% from $3,697 million a year earlier, and full-year revenue rose 7% to $15,438 million. Net income for Q4 was $230 million, and net income for the year was $208 million.

1. 01

   Leidos said fourth-quarter revenue rose to $3,980 million, up 8% from $3,697 million a year earlier, and full-year revenue rose 7% to $15,438 million. Net income for Q4 was $230 million, and net income for the year was $208 million.

2. 02

   The company said full-year net income fell to $208 million from $693 million a year earlier, and net income margin was 1.3% (4.8% a year earlier). It cited pre-tax impairment and restructuring charges of $699 million, mainly tied to the SES reporting unit and recorded in Q3, as the reason for the lower margin.

3. 03

   The company said full-year adjusted EBITDA was $1,669 million (10.8% margin) and non-GAAP diluted EPS was $7.30 ($6.60 a year earlier). For Q4, adjusted EBITDA was $452 million (11.4% margin), and non-GAAP diluted EPS was $1.99.

4. 04

   The company said it set FY24 guidance for revenue of $15.7 billion to $16.1 billion, non-GAAP diluted EPS of $7.50 to $7.90, and cash flows from operating activities of about $1.1 billion. Full-year cash flows from operating activities were $1.17 billion, and free cash flow was $958 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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