Sector • Capital Goods Industry • Aerospace & Defense |
Industry • Aerospace & Defense |
Sector • Capital Goods |
Earnings faded Despite of Strong Revenues by in the financial interval ending December 31 2022
DRS announced fourth quarter of 2022 operating surplus of $87 millions
Published Mar 29 2023
CSIMarket Team / CSIMarket.com
From the previous financial reporting period, Income per Share dropped by -92.04 % from $1.92 per share and Revenues improved by 29.338 % from $634.00 millions.
While the company provides help corporate clients to progress, and grow, DRS is out for the opportunities and extending own market value.
Net profits of $65.000 millions in the financial interval ending December 31 2022 increased by 85.71 % from net earnings of $35.000 millions reported in the financial interval ending December 31 2022 a year ago. Leonardo Drs Inc also emphasized it's improving profit margins, where net margin rose to 7.93% in financial interval ending December 31 2022, and operating margin edged up to 10.61%.
Operating earnings, on the other hand, improved just 64.15% to $87 millions. Leonardo Drs Inc booked bottom-line of $405.00 millions and Revenues of $2.69 billions for the fiscal year 2022.
The company reported earnings per share of $1.88 compare to $0.00 in the prior fiscal year, while by 0 % from $0.00 millions a year ago.
Other DRS's news
Leonardo DRS Inc. Takes Stride Towards Expansion with Upsized Secondary Offering
Leonardo DRS Inc.: Pioneering Defense Innovation and Investment Potential in Secondary Offering.
Leonardo DRS Inc Soars to New Heights with Impressive Revenue Growth in Q4 2023
Leonardo DRS Inc. Faces Sharp Earnings Decline Despite Strong Q3 Revenue Performance
2 Market Optimism Persists Despite Sharp Decline in Earnings at Leonardo Drs Inc during Q1 2023
Earnings faded Despite of Strong Revenues by in the financial interval ending December 31 2022
Other DRS's news
Leonardo DRS Inc. Takes Stride Towards Expansion with Upsized Secondary Offering
Leonardo DRS Inc.: Pioneering Defense Innovation and Investment Potential in Secondary Offering.
Leonardo DRS Inc Soars to New Heights with Impressive Revenue Growth in Q4 2023
Leonardo DRS Inc. Faces Sharp Earnings Decline Despite Strong Q3 Revenue Performance
2 Market Optimism Persists Despite Sharp Decline in Earnings at Leonardo Drs Inc during Q1 2023
Earnings faded Despite of Strong Revenues by in the financial interval ending December 31 2022