DRSLeonardo DRS, Inc.

$12B

Q1 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$569M-7.0% YoY

Gross Profit

$131M23.0% margin

Operating Income

$25M4.4% margin

Net Income

$12M2.1% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

-30.6%

Cash Flow

Operating Cash Flow

-$334M

Free Cash Flow

-$349M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$1.5B

Stockholders' Equity

$2.1B

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$569M	$612M	-7.0%
Gross Profit	$131M	$134M	-2.2%
Operating Income	$25M	$56M	-55.4%
Net Income	$12M	$36M	-66.7%

Revenue Segments

Product

$520M91%

Service

$49M9%

DRS Q1 2023 Earnings — Leonardo DRS, Inc. Revenue & Financial Results | Market Cap Arena