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Leidos’ Earnings And Sales In First Quarter Boosted By IS&GS Acquisition

Cal Biesecker By
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Leidos’ Earnings And Sales In First Quarter Boosted By IS&GS Acquisition
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday posted strong top and bottom line increases in the first quarter driven by its acquisition last summer of a former business segment of Lockheed Martin [LMT].Net increased 40 percent to $74 million, 47 cents earnings per share (EPS), from $53 million (72 cents EPS) a year ago. Excluding amortization expenses and restructuring and acquisition costs related to the acquisition of Information Systems & Global Solutions (IS&GS) in August, per share earnings would have been 88 cents,…

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