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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 812M | 18% |
| Gross Profit | 179M | 17% |
| Cost of Revenue | 633M | 18.3% |
| Operating expense | 104M | 5.5% |
| Net Income | 57M | 96.6% |
| EBITDA | 81M | 72.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.86B | 2.1% |
| Total Liabilities | 1.39B | 2.7% |
| Total Equity | 2.47B | 5.1% |
| Shares Outstanding | 264M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 74M | 127.9% |
| Cash from financing | 1M | 103.1% |
EPS
Financial Highlights for Leonardo DRS in Q3 '24
Leonardo DRS reported a revenue of 812M, which is a 18% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 179M, marking a 17% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 633M, a 18.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 104M, showing a -5.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 57M, showing a 96.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 81M, showing a 72.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Leonardo DRS with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
