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Posted by
Two Blokes May 11 -
Filed in
Stock
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Leonardo DRS delivered strong Q1 results, surpassing revenue and earnings guidance due to favorable material timing, suggesting a less backloaded earnings profile for FY2025. Sales grew 16% to $799 million, driven by Advanced Sensing and Computing and Integrated Mission Systems segments, with EBITDA up 17% to $82 million. Despite a 42.3% stock rally, I recommend holding the stock as it appears fully priced; further upside depends on continued strong material receipts and peer group valuation.
