Defence

Leidos revenue in the fourth quarter grew 7% to $ 3.49 billion

Leidos company based in the USA published revenue growth in the fourth quarter of 2021 by almost 7% over the same period last year.

For the three-month period ended December 31, 2021, the company had revenue of $ 3.49 billion. In the same quarter a year ago, the figure was $ 3.25 billion.

The company associates growth with organic growth in all reporting segments.

Leidos ’annual revenue for the fiscal year was $ 13.74 billion, up 12% from the $ 12.29 billion recorded in the year ended January 1, 2021.

The company’s quarterly net income for the year fell to $ 176 million from $ 197 million, while diluted earnings per share fell 10% to $ 1.23.

The company’s annual net income in 2021 was $ 759 million compared to the $ 629 million recorded in 2020.

Adjusted EBITDA declined slightly in the fourth quarter to $ 359 million, while adjusted EBITDA margin declined from 11.3% in the 4th quarter of 2020 to 10.3% in the 4th quarter of 2021.

The company’s cash flows from operations totaled $ 210 million in the fourth quarter. For fiscal year 2021, that figure was $ 1.03 billion.

Net bookings in the fourth quarter were $ 3.2 billion and $ 15.5 billion for fiscal 2021.

Leidos Chairman and CEO Roger Krone said: “2021 was a landmark year for Leidos with industry-leading organic revenue growth and increased profitability.

“In addition, we have strengthened our market presence during the year through strategic acquisitions and investments that have added important technical capabilities.

“Despite the continued impact of Covid-19 and the long-standing solution, we have the opportunity to grow in 2022 thanks to our scale, differentiated technical offerings and dedicated workforce.”

Leidos provides engineering and research solutions and services to defense and intelligence markets as well as other sectors.

The company recently signed a contract upgrade US Army training simulators.

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https://www.army-technology.com/news/leidos-fourth-quarter-2021-revenues/ Leidos revenue in the fourth quarter grew 7% to $ 3.49 billion

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