Leidos Holdings, Inc. (NYSE: LDOS), a provider of engineering services and solutions, on Tuesday reported an increase in adjusted earnings for the fourth quarter of fiscal 2025, despite lower revenues.
- Fourth-quarter revenues decreased 4% from last year to $4.2 billion
- Adjusted earnings, excluding special items, climbed 16% year-over-year to $2.76 per share in Q4
- On an unadjusted basis, earnings were $2.53 per share in Q4, up 19% from the year-ago quarter
- Cash flow from operations increased sharply to $495 million from $294 million in the same period of FY24
- Net bookings for the quarter totaled $5.6 billion, representing a book-to-bill ratio of 1.3
- Fourth-quarter net income rose sharply to $335 million from $282 million in he prior-year period
- Net income margin was 8.0% in the December quarter, up 150 basis points year-over-year
- Adjusted EBITDA came in at $556 million in Q4, up 9% over the fourth quarter of 2024