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RESTON, Va. - Leidos Holdings , Inc. (NYSE:LDOS) reported first-quarter earnings on Tuesday that surpassed analyst expectations, driven by strong demand across all customer segments.
The company’s stock edged up 0.71% following the announcement.
The defense and information technology services provider posted adjusted earnings per share of $2.97, beating the analyst consensus of $2.50 by $0.47.
Revenue for the quarter came in at $4.25 billion, exceeding the estimated $4.09 billion and representing a 7% increase YoY.
Leidos CEO Tom Bell attributed the robust performance to the company’s ability to execute in a dynamic environment, stating, "Our robust first quarter results build on the momentum from 2024, demonstrating the team’s ability to execute in a dynamic environment that demands agility and innovation."
The company reported net income of $365 million, or $2.77 per diluted share, up 29% and 34% YoY, respectively. Adjusted EBITDA rose 23% YoY to $601 million, with the margin expanding from 12.3% to 14.2%.
Looking ahead, Leidos raised its full-year 2025 guidance. The company now expects EPS between $10.35 and $10.75, compared to the analyst consensus of $10.70.
Revenue is projected to be in the range of $16.9 billion to $17.3 billion, with the midpoint slightly below the consensus estimate of $17.12 billion.
The company’s performance was bolstered by increased demand across all customer segments, with three of its four reporting segments growing 7% or more.
Leidos also announced a $500 million accelerated share repurchase program, signaling confidence in its future prospects.
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