Leonardo DRS Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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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.
Sep 30, 2024 · Filed Oct 30, 2024
DRS$34.04+3.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings
Consolidated Statements of Earnings (Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (Dollars in millions, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Products | $762 | $651 | $2,116 | $1,761 |
| Services | 50 | 52 | 137 | 139 |
| Total revenues | 812 | 703 | 2,253 | 1,900 |
| Cost of revenues: | ||||
| Products | (601) | (504) | (1,661) | (1,365) |
| Services | (32) | (37) | (91) | (97) |
| Total cost of revenues | (633) | (541) | (1,752) | (1,462) |
| Gross profit | 179 | 162 | 501 | 438 |
| General and administrative expenses | (98) | (96) | (306) | (286) |
| Amortization of intangibles | (6) | (5) | (17) | (16) |
| Other operating expenses, net | — | (2) | (5) | (10) |
| Operating earnings | 75 | 59 | 173 | 126 |
| Interest expense | (5) | (10) | (17) | (27) |
| Other, net | (1) | (1) | (3) | (2) |
| Earnings before taxes | 69 | 48 | 153 | 97 |
| Income tax provision | 12 | 1 | 29 | 3 |
| Net earnings | $57 | $47 | $124 | $94 |
| Net earnings per share from common stock: | ||||
| Basic earnings per share | $0.22 | $0.18 | $0.47 | $0.36 |
| Diluted earnings per share | $0.21 | $0.18 | $0.46 | $0.36 |
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