Leonardo DRS Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
DRS$36.41+7.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Earnings
Consolidated Statements of Earnings (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (Dollars in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Products | $731 | $590 | $1,354 | $1,110 |
| Services | 22 | 38 | 87 | 87 |
| Total revenues | 753 | 628 | 1,441 | 1,197 |
| Cost of revenues: | ||||
| Products | (572) | (458) | (1,060) | (861) |
| Services | (12) | (25) | (59) | (60) |
| Total cost of revenues | (584) | (483) | (1,119) | (921) |
| Gross profit | 169 | 145 | 322 | 276 |
| General and administrative expenses | (107) | (90) | (208) | (190) |
| Amortization of intangibles | (6) | (5) | (11) | (11) |
| Other operating expenses, net | (1) | (8) | (5) | (8) |
| Operating earnings | 55 | 42 | 98 | 67 |
| Interest expense | (7) | (9) | (12) | (17) |
| Other, net | (1) | — | (2) | (1) |
| Earnings before taxes | 47 | 33 | 84 | 49 |
| Income tax provision (benefit) | 9 | (2) | 17 | 2 |
| Net earnings | $38 | $35 | $67 | $47 |
| Net earnings per share from common stock: | ||||
| Basic earnings per share | $0.14 | $0.14 | $0.25 | $0.18 |
| Diluted earnings per share | $0.14 | $0.13 | $0.25 | $0.18 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.