Leonardo DRS, Inc. (NASDAQ:DRS) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Steve Vather - Vice President, Investor Relations and Corporate Finance

Bill Lynn - Chairman and CEO

Mike Dippold - Chief Financial Officer

Conference Call Participants

Robert Stallard - Vertical Research

Peter Arment - Baird

Jon Tanwanteng - CJS Securities

Michael Ciarmoli - Truist

Operator

Ladies and gentlemen, good day. And welcome to the Leonardo DRS Second Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the company’s prepared remarks, there will be an opportunity to ask questions and instructions will be given at that time. As a reminder, this event is being recorded.

And I would now like to turn the conference over to Steve Vather, Vice President of Investor Relations and Corporate Finance. Sir, please go ahead.

Steve Vather

Good morning, and welcome, everyone. Thanks for participating on today’s quarterly earnings conference call. With me today are Bill Lynn, our Chairman and CEO; and Mike Dippold, our CFO. They will discuss our strategy, operational highlights, financial results and forward outlook. Today’s call is being webcast on the Investor Relations portion of the website where you will find the earnings release and supplemental presentation.

Management may also make forward-looking statements during this call regarding future events, anticipated future trends and the anticipated future performance of the company. We caution you that such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.

Actual results may differ materially from those projected in the forward-looking statements due to a variety of factors. For a full discussion of these risk factors, please refer to our latest Form 10-K and our other SEC filings. We undertake no obligation to update any of the forward-looking statements made on this call.

During this call, management will also discuss non-GAAP financial measures, which we believe provide useful information for investors. These non-GAAP measures should not be evaluated in isolation or as a substitute for GAAP performance measures. You can find a reconciliation of the non-GAAP measures discussed on this call in our earnings release.

At this time, it is my pleasure to turn the call over to Bill. Bill?

Bill Lynn

Thanks, Steve, and thank you all for joining us this morning. I am pleased to report that we delivered strong results in line with our expectations for the second quarter. In Q2, our revenues accelerated and organic growth increased to the mid-single digits.