Leidos reports Q1 EPS $2.29, consensus $1.70

Reports Q1 revenue $3.98B, consensus $3.82B. Reports Q1 net bookings of $3.7B. Thomas Bell, Leidos Chief Executive Officer, commented, “Our strong start to the year demonstrates the team’s ability to deliver for its employees, customers, and shareholders. With greater visibility around customer funding and performance ahead of plan, we are raising guidance on all metrics ahead of our typical pace. We fully expect that 2024 will showcase our commitment to profitable growth. Going forward, our focus remains on operational execution while we develop a robust strategy, invest in disruptive technology-driven solutions, and unlock maximum value through our capability-based organization.”