Leidos said revenue for Q3 2024 was $4,190 million ($3,921 million a year earlier), net income was $362 million, and adjusted EBITDA (non-GAAP) was $596 million, at a margin of 14.2%. The quarter ended September 27, 2024.

1. 01

   Leidos said revenue for Q3 2024 was $4,190 million ($3,921 million a year earlier), net income was $362 million, and adjusted EBITDA (non-GAAP) was $596 million, at a margin of 14.2%. The quarter ended September 27, 2024.

2. 02

   The company said it recorded $699 million in pre-tax, non-cash impairment and restructuring charges, mainly tied to the SES reporting unit, in Q3 2023. As a result, it said, comparisons with the year-earlier net loss of $396 million are not meaningful for net income of $362 million.

3. 03

   Leidos said it generated net cash from operating activities of $656 million and free cash flow (non-GAAP) of $633 million in Q3. It returned a total of $254 million to shareholders, including $203 million in share repurchases and $51 million in regular quarterly dividends.

4. 04

   Leidos set its 2024 fiscal-year outlook (guidance) with revenue of $16.35 billion to $16.45 billion (previously $16.10 billion to $16.40 billion) and non-GAAP diluted EPS of $9.80 to $10.00 (previously $8.60 to $9.00).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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