Last10K.com

Leidos Holdings, Inc. (LDOS) SEC Filing 10-Q Quarterly report for the period ending Friday, March 29, 2019

Leidos Holdings, Inc.

CIK: 1336920 Ticker: LDOS


EXHIBIT 99.1

Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2019 Results

Revenues: $2.58 billion
Diluted Earnings per Share: $1.29
Non-GAAP Diluted Earnings per Share: $1.13
Net Bookings: $3.3 billion (book-to-bill ratio of 1.3)

RESTON, Va., April 30, 2019 – Leidos Holdings, Inc. (NYSE: LDOS), a FORTUNE 500® science and technology leader, today reported financial results for the first quarter of fiscal year 2019.  
Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "We delivered a solid Q1 and executed well on our growth strategy while maintaining rigorous discipline on profitability and cash generation. The strong bookings, accelerating revenue growth, and substantial cash generated during the quarter demonstrate our continued momentum in creating value for our employees, customers, and shareholders."
Summary Results
Revenues for the quarter were $2.58 billion, compared to $2.44 billion in the prior year quarter, reflecting a 5.5% increase.
Operating income for the quarter was $192 million, compared to $159 million in the prior year quarter. Operating income margin increased to 7.5% from 6.5% in the prior year quarter, primarily attributable to decreases in integration and restructuring costs, lower amortization of intangible assets and an asset impairment charge in the prior year quarter. Non-GAAP operating income margin for the quarter was 9.3%, compared to 9.7% in the prior year quarter, primarily attributable to net profit write-ups in the prior year quarter.
Diluted earnings per share ("EPS") attributable to Leidos common stockholders for the quarter was $1.29, compared to $0.66 in the prior year quarter. Non-GAAP diluted EPS for the quarter was $1.13, compared to $1.03 in the prior year quarter. The weighted average diluted share count for the quarter was 147 million compared to 154 million in the prior year quarter, primarily due to stock repurchases.
Defense Solutions
Defense Solutions revenues for the quarter of $1,267 million increased by $78 million, or 6.6%, compared to the prior year quarter. The revenue increase was primarily attributable to new awards and a net increase in program volumes, partially offset by the completion of certain contracts.
Defense Solutions operating income margin for the quarter was 7.0%, compared to 7.6% in the prior year quarter. On a non-GAAP basis, operating income margin for the quarter was 8.2%, compared to 9.0% in the prior year quarter, primarily attributable to higher net profit write-ups in the prior year quarter.
Civil
Civil revenues for the quarter of $847 million increased by $18 million, or 2.2%, compared to the prior year quarter. The revenue increase was primarily attributable to new awards, partially offset by the completion of certain contracts.
Civil operating income margin for the quarter was 8.6%, compared to 8.3% in the prior year quarter. On a non-GAAP basis, operating income margin for the quarter was 11.0%, compared to 11.3% in the prior year quarter, primarily attributable to higher net profit write-ups in the prior year quarter.

1

The following information was filed by Leidos Holdings, Inc. (LDOS) on Tuesday, April 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Leidos Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Leidos Holdings, Inc..

Continue

Assess how Leidos Holdings, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Leidos Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
Other
Filter Subcategory:
All
Product
Shares
Expense
Geography
Income
Other
Inside Leidos Holdings, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited)
Condensed Consolidated Statements Of Equity (Unaudited) (Parenthetical)
Condensed Consolidated Statements Of Income (Unaudited)
Accounting Standards
Accounting Standards (Details)
Accounting Standards (Tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss) (Detail)
Accumulated Other Comprehensive Loss (Tables)
Business Segments
Business Segments (Schedule Of Segment Reporting Information By Segment) (Detail)
Business Segments (Tables)
Commitments
Commitments (Additional Information) (Detail)
Contingencies
Contingencies (Additional Information) (Detail)
Contract Asset And Liabilities
Contract Asset And Liabilities (Details)
Contract Asset And Liabilities (Tables)
Debt
Debt (Narrative) (Detail)
Debt (Summary Of Debt) (Detail)
Debt (Tables)
Derivative Instruments
Derivative Instruments (Details)
Derivative Instruments (Tables)
Divestiture (Tables)
Divestitures
Divestitures (Narrative) (Details)
Divestitures (Schedule Of Major Classes Of Assets And Liabilities Sold) (Details)
Earnings Per Share (Eps)
Earnings Per Share (Eps) (Narrative) (Details)
Earnings Per Share (Eps) (Reconciliation Of Weighted Average Number Of Shares Outstanding) (Detail)
Earnings Per Share (Eps) (Tables)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Goodwill
Goodwill (Detail)
Goodwill (Tables)
Intangible Assets
Intangible Assets (Narrative) (Details)
Intangible Assets (Schedule Of Estimated Annual Amortization Expense) (Details)
Intangible Assets (Schedule Of Intangible Assets) (Details)
Intangible Assets (Tables)
Leases
Leases (Narrative) (Details)
Leases (Schedule Of Future Minimum Lease Commitments) (Details)
Leases (Schedule Of Future Minimum Rental Payments For Operating Leases, Prior To Adoption Of Asc 842) (Details)
Leases (Schedule Of Lease Cost) (Details)
Leases (Schedule Of Other Information Related To Leases) (Details)
Leases (Schedule Of Rou Assets And Lease Liabilities) (Details)
Leases (Tables)
Nature Of Operations And Basis Of Presentation
Nature Of Operations And Basis Of Presentation (Detail)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Tables)
Revenues
Revenues (Disaggregation Of Revenue) (Details)
Revenues (Narrative) (Details)
Revenues (Tables)
Significant Accounting Policies
Significant Accounting Policies (Details)
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Subsequent Events
Subsequent Events (Details)
Supplementary Cash Flow Information And Restricted Cash
Supplementary Cash Flow Information And Restricted Cash (Detail)
Supplementary Cash Flow Information And Restricted Cash (Tables)

Material Contracts, Statements, Certifications & more

Leidos Holdings, Inc. provided additional information to their SEC Filing as exhibits

Ticker: LDOS
CIK: 1336920
Form Type: 10-Q Quarterly Report
Accession Number: 0001336920-19-000015
Submitted to the SEC: Tue Apr 30 2019 10:14:59 AM EST
Accepted by the SEC: Tue Apr 30 2019
Period: Friday, March 29, 2019
Industry: Computer Integrated Systems Design

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ldos/0001336920-19-000015.htm