Leidos reports Q4 EPS $1.99, consensus $1.74

Reports Q4 revenue $3.98B, consensus $3.8B. Tom Bell, Leidos CEO, commented: “With a strong finish to the year, Leidos delivered on all of its financial commitments. Record top- and bottom-line performance enabled us to exceed the high end of the guidance ranges that we set last quarter for all metrics. Our financial performance over the last three quarters demonstrates how strongly the team has enhanced its focus on cost controls and cash generation and committed to a “promises made, promises kept” culture. 2024 is going to be another busy and exciting year for Leidos, as we capitalize on our leaner, more focused organizational structure and chart our path to our second decade of growth.”