Leidos Holdings Inc (LDOS) Q3 2024 Earnings Call Highlights: Record Growth and Strategic ...

GuruFocus.com10-30 15:04

Revenue: $4.19 billion, up 7% year over year. Adjusted EBITDA: $596 million, up 32% year over year. Adjusted EBITDA Margin: 14.2%, a new high watermark for Leidos. Adjusted Diluted EPS: $2.93, up 44% ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLeidos Holdings Inc (LDOS) Q3 2024 Earnings Call Highlights: Record Growth and Strategic ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 15:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/leidos-holdings-inc-ldos-q3-070459752.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Revenue: $4.19 billion, up 7% year over year.\nAdjusted EBITDA: $596 million, up 32% year over year.\nAdjusted EBITDA Margin: 14.2%, a new high watermark for Leidos.\nAdjusted Diluted EPS: $2.93, up 44% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/leidos-holdings-inc-ldos-q3-070459752.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LDOS","symbol_name":"Leidos Holdings Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/leidos-holdings-inc-ldos-q3-070459752.html","article_id":"2479247557","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Y4babuasrgHuh6E7qBk54Q--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/167568843888fbee2bc8794393092175"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479247557","pubTimestamp":1730271899,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Revenue: $4.19 billion, up 7% year over year.Adjusted EBITDA: $596 million, up 32% year over year.Adjusted EBITDA Margin: 14.2%, a new high watermark for Leidos.Adjusted Diluted EPS: $2.93, up 44% year over year.Share Repurchases: $200 million worth of shares purchased on the open market.Quarterly Dividend: Increased to $0.4 per share, a 5.3% increase.Net Bookings: $8.1 billion, with a book-to-bill ratio of over 1.9 times.Total Backlog: $40.6 billion, including $9.1 billion of funded backlog.Health and Civil Segment Revenue Growth: 16.1% year over year.Defense Systems Revenue Growth: 13% year over year.Operating Cash Flow Guidance: Increased to approximately $1.35 billion for the year.GuruFocus has detected 2 Warning Signs with RITM.Leidos Holdings Inc  reported its sixth consecutive quarter of strong financial performance, leading to an increase in forward guidance for 2024 across all metrics.Leidos Holdings Inc  accelerated its share repurchase program, buying $200 million worth of s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LDOS":"Leidos Holdings Inc"},"translate_title":"Leidos Holdings Inc(LDOS)2024年第三季度收益看涨期权亮点：创纪录的增长和战略……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LDOS":1},"content_text":"Revenue: $4.19 billion, up 7% year over year.\nAdjusted EBITDA: $596 million, up 32% year over year.\nAdjusted EBITDA Margin: 14.2%, a new high watermark for Leidos.\nAdjusted Diluted EPS: $2.93, up 44% year over year.\nFree Cash Flow: $633 million.\nShare Repurchases: $200 million worth of shares purchased on the open market.\nQuarterly Dividend: Increased to $0.4 per share, a 5.3% increase.\nNet Bookings: $8.1 billion, with a book-to-bill ratio of over 1.9 times.\nTotal Backlog: $40.6 billion, including $9.1 billion of funded backlog.\nHealth and Civil Segment Revenue Growth: 16.1% year over year.\nDefense Systems Revenue Growth: 13% year over year.\nOperating Cash Flow Guidance: Increased to approximately $1.35 billion for the year.\n\n\nWarning! GuruFocus has detected 2 Warning Signs with RITM.\n\nRelease Date: October 29, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nLeidos Holdings Inc (NYSE:LDOS) reported its sixth consecutive quarter of strong financial performance, leading to an increase in forward guidance for 2024 across all metrics.\nThe company achieved a record adjusted EBITDA margin of 14.2% and a trailing 12-month EBITDA of 12.9%, reflecting substantial earnings growth and free cash flow.\nLeidos Holdings Inc (NYSE:LDOS) accelerated its share repurchase program, buying $200 million worth of shares, and increased its quarterly dividend by 5.3%.\nThe company reported strong performance in its health and civil segment, with significant contributions from managed health services and disability evaluations.\nLeidos Holdings Inc (NYSE:LDOS) achieved a book-to-bill ratio of over 1.9 times, with net bookings of $8.1 billion and a total backlog of $40.6 billion, indicating strong future growth potential.\n\n Negative Points \n\nThe company faces challenges in its national security and digital segment due to shifting budgets and priorities among intelligence community customers.\nThere is a potential risk of disruption due to the election year and extended continuing resolutions, which could impact funding and operations.\nLeidos Holdings Inc (NYSE:LDOS) anticipates a lower single-digit revenue growth in 2025, marking a pivot year with a focus on strategic growth initiatives.\nThe company is managing GAAP impairment charges from exiting and consolidating underutilized lease spaces, with expected additional charges over the next five quarters.\nDespite strong performance, the company acknowledges the potential for increased competition in its managed health services segment, which could impact future profitability.\n\n Q & A Highlights \nQ: Can you provide more color on the $700 million in new takeaways in full spectrum cyber? A: Thomas A. Bell, CEO: We're very excited about the national security and digital segment, which is core to Leidos. We've historically won big franchise programs in this area, and we're seeing a return to our winning ways. Cybersecurity is a core competency for us, and our investments are paying off, especially with intelligence community customers. We're committed to expanding our capabilities to help our government be the smartest on the planet.\nQ: Could you discuss the significant growth in the Health & Civil segment, particularly regarding VA funding? A: Thomas A. Bell, CEO: We've had a fantastic third quarter in our Health & Civil business. The VA has extended our current contract, and we expect a new two-year contract soon. We're confident in maintaining volume and profitability. The VBA's upcoming competition encourages innovation, which aligns with our strengths. We're investing in this business and see it as a growth engine for Leidos.\nQ: Can you update us on the Buckeye program and its growth prospects? A: Thomas A. Bell, CEO: Buckeye continues to be strong within our defense segment, with assets fully utilized. We're using capital for further growth in this area. While manned ISR assets may eventually be replaced, they are critical now, and we're proud to serve this niche.\nQ: What are the factors affecting national security and digital growth, and how do you plan to accelerate it? A: Chris Cage, CFO: There have been budget shifts and priorities in our intelligence community customers, but our team has managed well. We've seen early returns in digital modernization and expect greater results. Some protests have delayed growth, but we're positioned for increased growth going forward.\nQ: With the $29 billion in submitted bids, how much is new business versus recompetes? A: Chris Cage, CFO: Almost 70% of the 2025 portfolio is new business and takeaways. Our recompete landscape is modest, and we're in a great position to attack new work with vigor next year.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479247557"}