Leidos Reports Strong Earnings Amid Military Demand

Leidos Holdings, Inc. reported strong financial results for the fourth quarter, exceeding analysts' expectations with a revenue increase of 9.7% year-over-year to $4.37 billion, driven by heightened demand for weaponry amid geopolitical tensions. The company's adjusted earnings per share (EPS) were $2.37, surpassing the anticipated $2.28 per share. For fiscal year 2025, Leidos projects adjusted earnings per share between $10.35 and $10.75 and revenue in the range of $16.9 billion to $17.3 billion, aligning with analyst estimates. The company's backlog of contracts increased 17.8% year-over-year to $43.55 billion, indicating strong future business. CEO Tom Bell expressed optimism about the company's strategic positioning and growth prospects, emphasizing robust performance across all metrics in 2024. Leidos' performance reflects the growing importance of defense spending in response to global conflicts, such as the Russia-Ukraine war.