Leonardo DRS 2024 Investor Day Highlights [Yahoo! Finance]
Leonardo DRS, Inc. (DRS)
Company Research
Source: Yahoo! Finance
first investor day since its return to the public markets in November 2022. The event featured presentations from members of the executive leadership team who detailed the company's differentiated portfolio, strategic priorities, operations and growth outlook. During the presentation, the company issued the following: Reaffirmation of 2024 guidance previously issued on February 27, 2024 Initiation of a strong three-year framework (2024 - 2026) for revenue, adjusted EBITDA and free cash flow 4% to 7% organic revenue growth ~14% adjusted EBITDA margin* by 2026 80% to 90% conversion of adjusted net earnings to free cash flow* Targeted capital deployment of 75% to 100% of free cash flow towards value enhancing M&A with optimal net leverage of ~2x adjusted EBITDA *The company does not provide a reconciliation of forward-looking adjusted EBITDA, adjusted EBITDA margin, adjusted net earnings and free cash flow due to the inherent difficulty in forecasting and quantifying the
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DRS
Earnings
- 2/27/24 - Beat
DRS
Sec Filings
- 4/9/24 - Form DEFA14A
- 4/5/24 - Form DEF
- 4/5/24 - Form DEFA14A
- DRS's page on the SEC website