By Chris Wack
Shares of Leonardo DRS climbed after the aerospace and defense company reported higher fourth-quarter earnings and revenue.
The stock was up 15%, at $43.67, midday Tuesday and has risen about 48% in the past 12 months.
The company reported a profit of $102 million, or 38 cents a share, compared with $89 million, or 33 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of 36 cents a share.
Revenue for the quarter was $1.06 billion, compared with last year's $981 million and the $994.8 million analysts were expecting.
Adjusted earnings were 42 cents a share, compared with the 37 cents a share analysts had forecast.
The Arlington, Va., company said it had bookings of $1.1 billion in the fourth quarter, and a backlog of $8.7 billion, up 3% from prior year.
Leonardo DRS said its fourth-quarter bookings were primarily driven by electric power and propulsion programs, aided by demand for advanced infrared sensing and tactical radar technologies.
For 2026, the company said it expects revenue of $3.85 billion to $3.95 billion, and adjusted earnings of $1.20 to $1.26 a share. Analysts are looking for 2026 revenue of $3.83 billion, and adjusted earnings of $1.25 a share.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 24, 2026 13:18 ET (18:18 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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