Leidos Holdings, Inc. (NYSE:LDOS) Q4 2023 Earnings Conference Call February 13, 2024 8:00 AM ET

Company Participants

Tom Bell - Chief Executive Officer

Chris Cage - Chief Financial Officer

Stuart Davis - Investor Relations

Conference Call Participants

Jason Gursky - Citi

Ken Herbert - RBC Capital Markets

Sheila Kahyaoglu - Jefferies

Mariana Perez Mora - Bank of America

Louie DiPalma - William Blair

Peter Arment - Baird

Noah Poponak - Goldman Sachs

Bert Subin - Stifel

Matthew Akers - Wells Fargo

Operator

Greetings, and welcome to Leidos Fourth Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers presentation there will be a question-and-answer session. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the conference over to Stuart Davis, of Investor Relations. Stuart, you may begin.

Stuart Davis

Thank you, operator, and good morning everyone. I'd like to welcome you to our fourth quarter and fiscal year 2023 earnings conference call. Joining me today are Tom Bell, our CEO, and Chris Cage, our Chief Financial Officer. Today's call is being webcast on the Investor Relations portion of our website, where you'll also find the earnings release and supplemental financial presentation slides that we are using today.

Turning to slide two of the presentation, today's discussion contains forward-looking statements based on the environment as we currently see it, and as such, does include risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

Finally, as shown on slide three, we’ll discuss GAAP and non-GAAP financial measures. A reconciliation between the two is included in today's press release and presentation slides.

With that, let me turn the call over to Tom Bell, who will begin on slide four.

Tom Bell

Thank you, Stuart, and good morning everyone. It's good to be with you today to report another strong quarter for Leidos and to put a bow on a very successful 2023. I'll frame my part of our conversation today in three parts. First, our 2023 results; second, the progress we've made towards building a brighter future; and third, what you can expect from us this year.

First in our fourth quarter we delivered 8% revenue growth for record quarterly revenue just shy of $4 billion. EBITDA margin was an outstanding 11.4% and we grew non-GAAP diluted EPS at 9% year-over-year.