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Leonardo Drs Inc   (DRS)
    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


Sikorsky_by_peng_chen__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_Common Leonardo Drs Inc encountered demise in eps, in the wake of Revenue growth in the most recent fiscal period, earnings per share dropped by -36.32 % to $0.15 per share, while Revenue increased substantially by 13.889 % to $820.00 millions, from the corresponding financial reporting period a year ago.

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.



Leonardo Drs Inc's Price to Book ratio

Leonardo Drs Inc's Price to Book ratio





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