Leidos Holdings, Inc. (LDOS) Q1 2023 Earnings Call Transcript

Leidos Holdings, Inc. (NYSE:LDOS) Q1 2023 Results Earnings Conference Call May 2, 2023 8:00 AM ET

Company Participants

Stuart Davis - Senior Vice President, Investor Relations

Roger Krone - Chairman and Chief Executive Officer

Chris Cage - Chief Financial Officer

Conference Call Participants

Robert Spingarn - Melius Research

Sheila Kahyaoglu - Jefferies

Peter Arment - Robert W. Baird

Matthew Akers - Wells Fargo Securities

Bert Subin - Stifel Financial

Seth Seifman - J.P. Morgan

Tobey Sommer - Truist Securities

Cai von Rumohr - Cowen and Company, LLC

Operator

Greetings. Welcome to the Leidos First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note, this conference is being recorded.

At this time, I’ll turn the conference over to Stuart Davis, from Investor Relations. Mr. Davis, you may now begin.

Stuart Davis

Thank you, Rob. And good morning, everyone. I'd like to welcome you to our first quarter fiscal year 2023 earnings conference call. Joining me today are Roger Krone, our Chairman and 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'll use during today's call.

Turning to slide 2 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 3, during the call, 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, I'll turn the call over to Roger Krone, who will begin on slide 4.

Roger Krone

Thank you, Stuart. And thank you all for joining us this morning. Our first quarter results demonstrate our ability to drive strong organic growth as record revenue performance was consistent with our long-term target. We expect earnings and cash performance to build momentum as we progress through the year and are fully committed to achieving our 2023 guidance.

As I step down as CEO, I am confident that Leidos is truly the leader in our industry with unmatched talent, technical depth, and market facing solutions. Our dedicated team is at the forefront of our customers' most challenging missions as we make the world safer, healthier, and more efficient.