$LDOS (+2.38%)

🔹 EPS: $2.37 (Est. $2.26) 🟢; UP +19% YoY

🔹 Revenue: $4.37B (Est. $4.13B) 🟢; UP +10% YoY

🔹 Adj EBITDA: $508M (Est. $484.13M) 🟢; UP +12% YoY

FY25 Guidance:

🔹 EPS: $10.35-$10.75 (Est. $10.11) 🟢

🔹 Revenue: $16.9B-$17.3B (Est. $16.43B) 🟢

🔹 Adjusted EBITDA Margin: Mid-High 12%

🔹 Operating Cash Flow: ~$1.45B

Q4 Segment Performance:

🔹 Health & Civil Revenue: $1.26B (Est. $1.20B) 🟢; UP +9% YoY

🔹 National Security & Digital Revenue: $2.02B (Est. $1.85B) 🟢; UP +11% YoY

🔹 Defense Systems Revenue: $545M (Est. $524.5M) 🟢; UP +4% YoY

🔹 Commercial & International Revenue: $554M (Est. $553.5M) 🟡

Key Metrics:

🔹 Backlog: $43.6B; UP +18% YoY; Q4 Book-to-Bill Ratio: 1.7x

🔹 Free Cash Flow: $213M; UP +8% YoY

🔹 Cash Flow from Operations: $299M

Strategic and Shareholder Updates:

New Contracts:

🔸 $4.1B IDIQ contract for Indirect Fires Protection Capability (IFPC) Increment 2

🔸 $2.6B TSA logistics support contract

🔸 $987M F-16 engineering support IDIQ

🔸 Dividends: Declared $0.40/share payable March 28, 2025

🔸 Share Buyback: $406M in Q4

Management Commentary:

🔸 CEO Tom Bell:

"2024 was a fantastic year for Leidos, with robust results across all metrics and significant revenue and earnings growth. Our business development results, particularly in National Security and Digital segments, are a testament to our focus on mission-critical needs."

🔸 Outlook:

"With a strong backlog and strategic investments, we are poised for continued growth and operational excellence in 2025."

I just closed my entire $DFEN (+0.19%) position after a very good ride last year, switching it with the new $IVDF (+0.69%) because the VanEck ETF is currently too exposed to $PLTR (+7.48%) and with this structure it does not help me in my portfolio diversification (that is mainly tech, but I also believe that Palantir may not offer good earnings in 2025), while the new Invesco $IVDF (+0.69%) has a very cool and balanced composition ($RKLB (+3.49%)
$KTOS (-0.17%)
$AVAV (+1.59%)
$LDOS (+2.38%) to name few) and also a much lower TER.

From my point of view this is the best ETF for anyone looking to invest in the Defence sector at the moment (and I also had been invested on $ASWC (+1.49%) last year, then I decided to go completely on $DFEN (+0.19%) until today).

NOT FINANCIAL ADVICE!!! 👀

All these stocks hit new 52 WEEK HIGHS at some point today

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Duolingo $DUOL

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Incyte $INCY (+2.74%)

Leidos $LDOS (+2.38%)

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$LDOS (+2.38%) | Leidos Q3'24 Earnings Highlights:

🔹 Adjusted EPS: $2.93 (Est. $2.01) 🟢; UP +44% YoY

🔹 Revenue: $4.19B (Est. $4.07B) 🟢; UP +7% YoY

🔹 Net Income: $362M; Net Income Margin: 8.6%

🔹 Adjusted EBITDA: $596M; Margin: 14.2% (vs. 11.5% YoY) 🟢

FY24 Guidance:

🔹 Adjusted EPS: $9.80-$10.00 (Est. $9.08) 🟢

🔹 Revenue: $16.35B-$16.45B (Est. $16.3B) 🟢

🔹 Adjusted EBITDA Margin: High-12%

🔹 Operating Cash Flow: ~$1.35B

Business Performance:

🔸 Net Bookings: $8.1B

🔸 Backlog: $40.6B (Funded: $9.1B)

🔸 Book-to-Bill Ratio: 1.9 (Quarter), 1.1 (Trailing 12 Months)

Key Awards:

🔹 VBA Medical Disability Exams – Option year extension for VA/DOD services

🔹 Army Global Unified Network Modernization – $331M contract (5 years)

🔹 Air Force ABMS-DI Network – $303M contract (5 years)

🔹AIE Next Generation Support – $249M contract (6 years)

Cash Flow & Capital Allocation:

🔹 Operating Cash Flow: $656M

🔹 Free Cash Flow: $633M

🔹 Share Repurchases: $203M

🔹 Dividend: $0.40/share (UP +5.3% YoY, payable December 31, 2024)