US-based firm Leidos has posted a virtually 7% year-on-year (YoY) improve in revenues for the fourth quarter of 2021.

Within the three-month interval that ended on 31 December 2021, the corporate’s revenues totalled $3.49bn. The determine was $3.25bn in the identical quarter a yr in the past.

The corporate attributed the rise to natural progress throughout all reportable segments.

Leidos’ annual revenues for the fiscal yr amounted to $13.74bn, up 12% in comparison with the $12.29bn recorded within the yr that ended on 1 January 2021.

The corporate’s quarterly web revenue dropped YoY to $176m, from $197m, with diluted earnings per share down 10%, to $1.23.

The corporate’s annual web revenue in 2021 was $759m, up from $629m recorded in 2020.

Adjusted EBITDA decreased marginally within the fourth quarter to $359m whereas the adjusted EBITDA margin dropped from 11.3% in This fall 2020, to 10.3% in This fall 2021.

The corporate’s money flows from operations totalled $210m for fourth quarter. The determine was $1.03bn for the fiscal yr 2021.

Web bookings within the fourth quarter had been $3.2bn, and $15.5bn for the fiscal yr 2021.

Leidos chairman and CEO Roger Krone mentioned: “2021 was a banner yr for Leidos, with industry-leading natural income progress and expanded profitability.

“As well as, we enhanced our market presence in the course of the yr with strategic acquisitions and investments that added necessary technical capabilities.

“Regardless of the continuing impression of Covid-19, and an prolonged persevering with decision, we’re positioned to develop in 2022, bolstered by our scale, differentiated technical choices, and devoted workforce.”

Leidos supplies engineering, and science options and providers to the defence and intelligence markets, together with different sectors.

The corporate lately secured a contract to improve the US Military gunnery coaching simulators.

Associated Corporations

Supply hyperlink

By cs

Leave a Reply

Your email address will not be published. Required fields are marked *