Leonardo DRS, Inc. (NASDAQ:DRS) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET

Company Participants

Steve Vather - SVP, IR & Corporate Finance
Bill Lynn - Chairman & CEO
Mike Dippold - CFO

Conference Call Participants

Robert Stallard - Vertical Research
Alex Ladd - JPMorgan
Andre Madrid - BTIG
Mariana Perez Mora - Bank of America
Sam Struhsaker - Truist Securities
Jon Tanwanteng - CJS Securities
Jan-Frans Engelbrecht - Baird

Operator

Thank you for standing by. Welcome to Leonardo DRS Second Quarter 2024 Earnings 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]

I would now like to hand the call over to Steve Vather. Sir, you may begin.

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 also find the earnings release and supplemental presentation.

Management may also make forward-looking statements during the 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 the reconciliation of the non-GAAP measures discussed on this call in our earnings release.

At this time, I will turn the call over to Bill. Bill?

Bill Lynn

Thanks, Steve, and thank you all for joining us. DRS continues to perform well as evidenced by the impressive quarterly results we are releasing this morning. We are experiencing steady customer demand across our diverse portfolio of differentiated technologies. As a result, we posted another consecutive quarter of 1.2 book-to-bill.