DRSLeonardo DRS, Inc.

$12B

Q1 2024 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$688M+20.9% YoY

Gross Profit

$153M22.2% margin

Operating Income

$43M6.3% margin

Net Income

$29M4.2% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-25.7%

Cash Flow

Operating Cash Flow

-$265M

Free Cash Flow

-$275M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.8B

Total Liabilities

$1.4B

Stockholders' Equity

$2.4B

Cash & Equivalents

$160M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$688M	$569M	+20.9%
Gross Profit	$153M	$131M	+16.8%
Operating Income	$43M	$25M	+72.0%
Net Income	$29M	$12M	+141.7%

Revenue Segments

Product

$623M91%

Service

$65M9%

DRS Q1 2024 Earnings — Leonardo DRS, Inc. Revenue & Financial Results | Market Cap Arena