DRS Q2 2023 Earnings — Leonardo DRS, Inc. Revenue & Financial Results | Market Cap Arena

DRSLeonardo DRS, Inc.

$12B

Q2 2023 Earnings

Industrials Aerospace & Defense

Income Statement

Revenue

$628M+0.2% YoY

Gross Profit

$145M23.1% margin

Operating Income

$42M6.7% margin

Net Income

$35M5.6% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+10.4%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$24M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$1.5B

Stockholders' Equity

$2.2B

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$628M	$627M	+0.2%
Gross Profit	$145M	$127M	+14.2%
Operating Income	$42M	$42M	+0.0%
Net Income	$35M	$25M	+40.0%

Revenue Segments

Product

$590M94%

Service

$38M6%