Leonardo DRS, Inc. (DRS) Form 8-K — Oct 29, 2026
Leonardo DRS reported strong Q3 2026 results: revenue of $1,066 million (up 11% YoY), net earnings of $115 million (up 60%), diluted EPS of $0.43 (up 65%), and Adjusted EBITDA of $149 million (up 27%). Bookings hit $1.6 billion for a 1.5x book-to-bill — the strongest since going public — and funded backlog reached a record $5.6 billion, up 21% YoY. The company raised full-year 2026 guidance across revenue ($3,950-$3,985M), Adjusted EBITDA ($545-$555M), and Adjusted Diluted EPS ($1.50-$1.53), and declared a $0.09/share dividend payable November 25, 2026.
Key figures
- Eps
- 0.43
- Revenue
- 1066000000
- Guidance
- 2026 revenue $3,950M-$3,985M (prior $3,900M-$3,975M); Adjusted EBITDA $545M-$555M (prior $525M-$540M); Adjusted Diluted EPS $1.50-$1.53 (prior $1.34-$1.39); tax rate 13.0%
- Net Income
- 115000000
- Revenue Yoy
- 11%
- Total Assets
- 4374000000
- Cash Position
- 294000000
- Shares Outstanding
- 266711588
- Bookings q3
- $1,639 million
- Funded backlog
- $5,640 million, up 21% YoY
- Book to bill q3
- 1.5x
- Free cash flow q3
- $61 million
- Adjusted ebitda q3
- $149 million, up 27% YoY
- Dividend per share
- $0.09 payable November 25, 2026
- Shares repurchased q3
- 288,633 shares for approximately $12 million
- Adjusted diluted eps q3
- $0.46, up 59% YoY
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