Leonardo DRS Q1 Adjusted Earnings, Revenue Increase; Dividend Maintained

MT Newswires Live

05/05

Leonardo DRS (DRS) reported Q1 adjusted earnings Tuesday of $0.26 per diluted share, up from $0.20 a year earlier.

Analysts polled by FactSet expected $0.21.

Revenue for the quarter ended March 31 was $846.0 million, up from $799.0 million a year earlier.

Analysts surveyed by FactSet expected $825.0 million.

The defense contractor also declared a quarterly cash dividend of $0.09 per share payable on June 2, to shareholders of record as of May 19.

Shares of the company were up more than 6% in premarket trading.

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