Leonardo DRS, Inc. Reports Net Earnings of $12 Million for the First Quarter of 2023
Company's Revenue for Q1 2023 Amounted to $569 Million
Leonardo DRS, Inc.(DRS), a leading defense techn ology company, has released its unaudited financial statements for the first quarter ended March 31, 2023. The company reported net earnings of $12 million for the quarter, showcasing a decline compared to the same period last year when net earnings were $36 million. Despite the decrease in net earnings, the company's revenue for Q1 2023 amounted to $569 million, reflecting a moderate decline compared to the $612 million recorded in Q1 2022.
Net Income/Loss
The financial results for the first quarter of 2023 show Leonardo DRS, Inc. reporting net earnings of $12 million. This figure marks a notable decrease compared to the net earnings of $36 million recorded during the same period in the previous year.
